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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.

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