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).
The growth rate is 17%. You forgot compound interest.
ReplyDeleteVery helpful.
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