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InvisibleLunarEclipse
Enlil's Official Story
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Registered: 10/31/04
Posts: 21,407
Loc: Building 7
The Rule Of 72
    #22482033 - 11/05/15 05:14 PM (8 years, 2 months ago)

This "rule" is an easy way to determine how long it would take $1 to double based on the annual interest rate.  So, for example if you were paid 10% interest, it would take 72/10 = 7.2 years for your money to double.  2% interest rate?  72/2 = 36 years.

Negative interest rate?


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Anxiety is what you make it.


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InvisibleDieCommie

Registered: 12/11/03
Posts: 29,258
Re: The Rule Of 72 [Re: LunarEclipse]
    #22482099 - 11/05/15 05:30 PM (8 years, 2 months ago)

Cash interest is lame anyway, who cares - saving dollars is for idiots.  Rich people put their wealth in stocks and property.


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Invisiblegeorge castanzaM
Lord Of The Idiots!
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Re: The Rule Of 72 [Re: LunarEclipse]
    #22484287 - 11/06/15 01:54 AM (8 years, 2 months ago)

Thank you for posting this.

This is one of the first lessons you should learn on your way to financial independence.

:costanza:


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KRAMER CAKES




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InvisibleLunarEclipse
Enlil's Official Story
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Posts: 21,407
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Re: The Rule Of 72 [Re: DieCommie]
    #22487073 - 11/06/15 04:43 PM (8 years, 2 months ago)

Quote:

DieCommie said:
Cash interest is lame anyway, who cares - saving dollars is for idiots.  Rich people put their wealth in stocks and property.




The same rule applies to any investment and annual return.  The true number is closer to 69, but 72 is easier to use.  As the returns get higher, the formula doesn't work as well either.  At 69% return you would be doubling in something more than a year.


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Anxiety is what you make it.


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Offlineiateshaggy
i haxor 360s
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Registered: 05/20/05
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Re: The Rule Of 72 [Re: LunarEclipse]
    #22492689 - 11/07/15 07:48 PM (8 years, 2 months ago)

let me know when you fine those 69% investments.  the rule of 72 is as accurate as speculation is.


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You are a filipina sex goddess who wants to fuck me until I fall asleep, so then you can tickle my balls and see if the legend of my diamond filled nutsuck is true.  I am a white man from costa rica, who smells like lime jello.


I can flash/jtag/repair 360's, pm for details.


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InvisibleLunarEclipse
Enlil's Official Story
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Registered: 10/31/04
Posts: 21,407
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Re: The Rule Of 72 [Re: iateshaggy]
    #22494532 - 11/08/15 07:28 AM (8 years, 2 months ago)

Quote:

iateshaggy said:
let me know when you fine those 69% investments.  the rule of 72 is as accurate as speculation is.




AMZN one year chart

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=AMZN


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Anxiety is what you make it.


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InvisibleDieCommie

Registered: 12/11/03
Posts: 29,258
Re: The Rule Of 72 [Re: LunarEclipse]
    #22495578 - 11/08/15 12:57 PM (8 years, 2 months ago)

Ahh, you cherry pick them after the fact.  Great strategy...  :rolleyes:


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OfflineHrethic
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Registered: 01/05/04
Posts: 2,397
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Re: The Rule Of 72 [Re: DieCommie]
    #22496750 - 11/08/15 05:07 PM (8 years, 2 months ago)

yeah.. money! :money:


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