Conservative. Idaho. Software engineer. Historian. Trying to prevent Idiocracy from becoming a documentary.
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Tuesday, July 22, 2025
Check My Math, Please
If a mutual fund has a cost basis ten years ago of $62,000 and a current value of $298,000, does thst mean it is growing 48% per year? It is 4.81x larger after ten years. I am looking at the worst performing parts of my portfolio, trying to figure out which dogs to shoot (i am glad our Springer Spaniels do not read this blog).
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The growth rate is 17%. You forgot compound interest.
ReplyDeleteVery helpful.
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