Conservative. Idaho. Software engineer. Historian. Trying to prevent Idiocracy from becoming a documentary.
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"And we know that all things work together for good to them that love God, to them who are the called according to his purpose." -- Rom. 8:28
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Friday, February 5, 2021
Whoever Recommended BGSAX, Thank You
In two months, it had gained 15%. On an annualized basis, that will be 90%.
15% compounded six times is +130%; your money would more than double. Rough rule of thumb is "rule of 72" - money will double when product of interest times number of periods equals 72. At 15% it would double in slightly less than 5 periods (15×5=75)
Yer welcome.
ReplyDeleteI've done well with it, and when you asked for suggestions, I thought I;d pass it along.
almost as good, BTW, VWUSX.
ReplyDelete15% compounded six times is +130%; your money would more than double. Rough rule of thumb is "rule of 72" - money will double when product of interest times number of periods equals 72. At 15% it would double in slightly less than 5 periods (15×5=75)
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