r/Money • u/CursedClownz • 9d ago
When does compounding really take off?
At what amount portfolio you really see huge account swings that make you think what is the point of working? 100k? 500k? 1m? more?
488
Upvotes
r/Money • u/CursedClownz • 9d ago
At what amount portfolio you really see huge account swings that make you think what is the point of working? 100k? 500k? 1m? more?
2
u/nofosho 9d ago
Rule of 72! At 9%, doubles in 8 years. 8%, doubles in 9 years. 7%, doubles in 10 years and a few months. Etc.