WebJan 27, 2024 · Yes, believe it or not, you can simply double your money with an investment in gold in just six years or less. While most stocks and ETF bonds are giving around 8% to 10% profit, gold is the only … WebJul 1, 2024 · Since you want to double your money in 5 years, your investments will need to grow at around 14.4% per year (72/5). Or if your goal is to double in 10 years, you should invest in a manner to earn around 7.2% every year. Or if you are more adventurous and want to double your money in 3 years, your investments should earn about 24% every …
How to Double $50K: 13+ Proven Ways to Turn $50K Into $100K
WebAug 18, 2024 · Here’s the list of 10 Mutual Funds that would have doubled your money in just 5 years. Top Mutual Funds: An Overview 1) Axis Bluechip Fund (Large-Cap) Axis blue-chip fund-growth invests in blue-chip stocks, or stocks of predominantly large companies, which are financially sound, and well established. WebJun 15, 2024 · The Rule of 72 is an easy way for an investor or advisor to approximate how long it will take an investment to double based on its fixed annual rate of return. Simply … mvhs tech
How Compounding Can Double Your Money Every 7 Years - Origin Investments
WebMar 22, 2015 · Also remember it may not exactly double in a number of years, it might be a bit more. invested = float (input ("Please enter an inititial principal: ")) rate = float (input ("Enter the annual interest rate: ")) year = 0 total = invested while total <= invested * 2 : total = total + total * (rate)/100 year = year + 1 print ("Amount of time is ... WebMay 27, 2024 · Simply divide 72 by the fixed annual rate of return and you’ll know how many years it will take for your money to double. 72 / rate of return = # of years If you’re trying to compute when your money will … WebFeb 24, 2024 · 1 year. You can see that in the stock market (average of 10% ROI) it takes about 7 years to double your money. If you were a very successful stock investor you … how to open up to friends