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Chart of the Day: Rule of 72

Crews Bank & Trust Wealth Management Services Oct 10, 2023
Photo shows the average annual rate of return from 3 - 15%

Contents

Today’s Chart of the Day from BlackRock shows a great “thumbnail” rule that finance professionals use to do quick math: The Rule of 72. However, one can also use an even more general rule called The Rule of 7-10. Essentially, if you earn a 7% return, it takes 10 years to double your money, if you earn 10%, it only takes 7 years to double your money. You can even expand it to say if you earn 3% it takes 25 years to double your money, or if you earn 25% it only takes 3 years to double your money. 

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Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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