Throw 15 years of savings into the stock market and it will almost certainly double in value in 7 years.
It is most certainly transformative if you pretend you don’t have it for what amounts to a pretty short period of time.
It is most certainly transformative if you pretend you don’t have it for what amounts to a pretty short period of time.
10 years is a common rule of thumb to double your investment, this is a good guess since after adjusting for inflation, the real return of S&P 500 is about 6.8%. Which is about 10.5 years to double your investment.
(give or take S&P 500 being one of the best returns you will find historically)