Read? Playing The Game of Leverage (6)
I want to double up my money
Now, you have heard that the simple and fastest way to double up your money is by leveraging 10:1 for 10% returns on your borrowed capital.
But, in the investing world, there is no lunch either. Instead of getting free lunch, you might become the free Lunch for others.
If for whatever reasons that you still want to double your money, so how?
A more difficult and longer way without leverages is to use its cousin : Rule of 72
Read? The Best Secret in Investment and Trading – Compound Interest
Can you double up your money?
Yes, you can!
Just follow your heart and do it your way. No absolutely right or wrong.
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A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
1 week ago
Hi CW,
ReplyDeleteI like the Rule of 72. It has worked well for me. Slow and steady wins the race. ;)