Here’s How to Double Your Money Faster! Image source: Getty Images
Want to double your money faster? You might have heard of the Rule of 72, which is a simple way to approximate how long it would take for you to double your money on a certain rate of return.
For example, if you’re earning a 6% rate of return from your investments, it would take about 12 years to double your money. That is approximated by 72 divided by six using the Rule of 72.
Generally speaking, aiming for a higher rate of return usually means taking greater risks. Along the risk spectrum, here are various investments from low risk to high risk GICs/government bonds, corporate bonds, large-cap stocks, mid-cap stocks, and small-cap stocks.
Play These ETF Strategies to Ride the US Market Optimism yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Small-cap ETFs keep the rally going
Small-cap exchange-traded funds surged on Thursday, extending a winning streak that’s lasted several months. Small-cap funds with a growth tilt were the big winners: the iShares Morningstar Small-Cap Growth ETF was up 1.2% midday, and the iShares Russell 2000 Growth ETF gained 1%. The Schwab U.S. Small-Cap ETF was up 0.5%, and the Vanguard S&P Small-Cap 600 ETF gained 0.4%. In contrast, the S&P 500 was up 0.4% Thursday. Small-caps have gained as investors have seen bigger companies as increasingly expensive, and looked for opportunity among some of the laggards of the year. In the past three months, these four funds have gained from 26% – 30%, versus a 10.6% rise for the S&P 500. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Small-cap ETFs keep the rally going - MarketWatch marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.