*Magic of Rule Number 72🔮*
Let's figure out the Number of Yrs. it will take to double your money 💰 💰
‼️72/interest rate = years it takes to double ‼️
Example:
*72/12% = 6 yrs. to double your money if you have a Rate of Return of 12%*
Divide 72 by that number - So 72/10 yrs. would need a 7.2% Rate of Return to double your money.
🎯Example: If you have ₹500000 and you want it to double in eight years...
72/8 yrs. = 9% is the interest you must earn to have doubled ₹500,000 into ₹10,00,000.
Good Morning Readers
Happy Sunday Morning🌅
Sunday Thought...💭
When you spend more than 50 hours a week working hard 📝and earning your money💰 why not spend atleast one hour in managing that money🤔???
*Know your investments*📖
*Grow your investments*📈
#sunday#SundayMorning
Good Morning Readers💫
Happy Sunday Morning🌅
Sunday Thought...💭
When you spend more than 50 hours a week working hard 📝and earning your money💰 why not spend atleast one hour in managing that money🤔???
*Know your investments*📖
*Grow your investments*📈
Equities create wealth
Gold is for ornaments
Insurance is for protection
Fixed income is for regular income
Real estate is for a home
Simple rules, Makes the entire process of investing easier..
#investing#realestate#insurance
*My analysis on Budget 2023-2024*
Budget indicates clear focus on:
🛣️ Capital expenditure (⬆️33.4%)
🚆 Railways
🚌 Electric vehicles & replacement of old government vehicles
🏡 Affordable housing
Adani Group shares slide further; lose nearly Rs 3.4 lakh crore in market cap by Friday afternoon
Here's what's up.
The sky-high Adani stocks not stranger to controversies crashed the other day after *Hindenburg Research* published report titled *"Adani Group:
Because of which Adani group lost $5.5 billion in just a single day! In response, Adani Group legal head. Jatin Jalundhwala, in a statement called the report 'baseless' that has been "maliciously mischievous & unresearched" and is planning to sue.