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Investment plan help. I meant 10,000, not 20,000?


suppose I want to increase $10,000 to $30,000 within the next 20 years. What are three different ways I can do this?

What are three different average growth rates.

well you need your investment to grow at 5.65% so a long term bond with this type of yield would work.

I like Charles' answer, but keep in mind that in 20 years, that 30,000 may not buy much more than the 10,000 today thanks to inflation severely eating into that 5.65%

This is why people who have longer investment periods available (20 years, for example) often prefer to invest in riskier but more profitable investments for, say, the first 10 of those years.

A Vanguard index mutual fund should pull at least 8% on average.

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