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If you invested $2,500 in a very successful mutual fund (12% return a year), how long would it take for you to |
have a balance of $5,000? Assuming compounded returns at the same annual rate, you're solving for this equation: B C. The rule of 72 tells us that if we divide the number 72 by an annual compound interest rate, we get the number of years it takes for an investment to double. d 6 years |
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Besides your personal use of the records, an important factor is what the IRS recommends. The length of time and what specific records need to be kept depends on the items. For a complete and speci... i made a post to the same questions. maybe you can check here: ... You can invest with $500 minimum with a discount broker online. I use Scottrade. It is not a crazy idea. You don't need a full service broker who is there just to make themselves a commission,... First, let me say that I think you're doing very well managing your finances. You're way ahead of a lot of people. What I'd do in your situation is this: Open a mutual fund acco... does not alwys matter what fund you go with, just make sure it is not an expensive fund. make sure you are diversified. I suggest for the next 20 yrs: 10% - bonds and reits 50% - US large, mid ... one of your responders mentioned T Rowe Price, Fidelity, and Vanguard. All 3 have good funds but they have a minimum investment a great deal more than you wish to begin with. There are three ... I cannot say the BEST web site, but one of the best websites on the net on indian stock market(shares trading) It gives real good tips to invest. Follow the free newsletter on their homepage. htt:/... If it were invested in a decent growth stock mutual fund and had a return of 10% a year, the $20,000 would be worth $54,141 ten years later. ... |
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