Jun.08 — The U.K. is pressing ahead with a two-week quarantine on international arrivals, a move British Airways and other carriers say will devastate tourism. Bloomberg’s Siddharth Philip reports on “Bloomberg Markets: European Open.”
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Jun.08 — New Zealand will remove social distancing requirements after reporting zero active cases of Covid-19, indicating it has achieved its aim of eliminating the virus. Prime Minister Jacinda Ardern said Monday at a briefing that all remaining restrictions on people and businesses, other than strict border controls to keep the virus out, will be lifted at midnight tonight, paving the way for a resumption of normal life.
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Jun.08 — Yamini Aiyar, president of think tank Centre for Policy Research, examines Indian Prime Minister Narendra Modi’s response to the coronavirus outbreak. India has been under a stringent nationwide lockdown since late March, even though some restrictions were eased beginning April 20 to allow select industries to resume operations. The government will begin a phased lifting of the curbs from June 8. Aiyar spaeks on “Bloomberg Markets: Asia.”
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Jun.07 — Luya You, transportation analyst at Bocom International, discusses the prospects for Chinese airlines. China will ease a ban on flights to the country by foreign airlines on June 8. You speaks with Haslinda Amin and Yvonne Man on “Bloomberg Markets: Asia.”
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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
Want to double your money? There’s no shortage of suggestions for how to do that out there. Some will urge you to gamble, invest with borrowed money, chase high-flying stocks, try to time the market, or speculate in commodities and futures. Others will suggest the lottery or penny stocks or other ways that are so risky you’ll likely lose money.
If you really want to double your money, though, and do it with your precious, hard-earned dollars, it’s best to stick with unassailable methods.
It’s hard to argue with math, and there’s a simple mathematical trick that can help you figure out how long it will take to double your money — the Rule of 72. Per the rule, if you divide 72 by an annual growth (or interest) rate, you’ll get the number of years it will take to double your money.
If you expect a 10% annual return, for instance, divide 72 by 10 and you’ll see that it’ll take about 7.2 years to double your money. The rule works well, except when you’re dealing with extreme numbers. An expected 72% growth rate might suggest doubling in a single year, but that would take a 100% growth rate. Check out the table below, to see the rule in action.
|
Growth Rate |
Years to Double |
|---|---|
|
2% |
36.0 |
|
3% |
24.0 |
|
5% |
14.4 |
|
7% |
10.3 |
|
10% |
7.2 |
|
12% |
6.0 |
|
15% |
4.8 |
|
20% |
3.6 |
|
25% |
2.9 |
Data source: Calculations by author.
Basically, though, doubling your money, or increasing it to any degree, depends on three simple factors:
By using any or all of those levers, you can influence how your money grows. Let’s take a closer look at how you can adjust those levers:
It’s obvious, but of course, in general, the more you invest, the more you can amass. The table below shows the different sums you might amass over various periods by investing $5,000, $10,000, or $15,000 annually:
|
Growing at 8% for |
$5,000 invested annually |
$10,000 invested annually |
$15,000 invested annually |
|---|---|---|---|
|
5 years |
$31,680 |
$63,359 |
$95,039 |
|
10 years |
$78,227 |
$156,455 |
$234,682 |
|
15 years |
$146,621 |
$293,243 |
$439,864 |
|
20 years |
$247,115 |
$494,229 |
$741,344 |
|
25 years |
$394,772 |
$789,544 |
$1,184,316 |
|
30 years |
$611,729 |
$1,223,459 |
$1,835,188 |
|
35 years |
$930,511 |
$1,861,021 |
$2,791,532 |
|
40 years |
$1,398,905 |
$2,797,810 |
$4,196,716 |
Data source: Calculations by author.
Many of us can’t just sock away $15,000 or more each year, but you can still probably invest more than you’re currently investing, and you can aim to increase your annual contributions to various savings accounts from year to year.
If you want to get aggressive about it, which is smart for many of us, especially those who have started late or who want to try to retire early, find lots of ways to spend less and consider picking up a side gig to earn a little more — all to facilitate more investments.
The same table, above, shows the incredible power of time. Doubling the number of years in which your money can grow is likely to more than double how much you amass, thanks to the magic of compounding.
If you’re not a spring chicken anymore, you may not have 25 or 35 years before retirement, but you can still amp up your savings by saving more each year — and/or boosting your growth rate.
The growth rate is the last lever you can tweak. You can’t simply produce a high growth rate, though. In general, risk and return are interrelated, with low-risk investments (savings accounts, government bonds) tending to offer low growth rates and high-risk propositions (junk bonds, lottery tickets) offering high (possible) rates.
Consider aiming for solid middle ground, by focusing much of your long-term money on stocks. Over long periods, stocks have handily outperformed bonds, and the stock market has averaged annual returns of close to 10% over long periods. You can hope to do better by carefully selecting a range of individual stocks, but that takes skill and knowledge and a rational temperament. For most of us, it’s hard to beat a simple low-fee broad-market index fund or two, such as one that tracks the S&P 500.
The table below shows what a difference the growth rate makes, for annual investments of $10,000:
|
Growing for |
Growing at 6% |
Growing at 8% |
Growing at 10% |
|---|---|---|---|
|
10 years |
$139,716 |
$156,455 |
$175,312 |
|
15 years |
$246,725 |
$293,243 |
$349,497 |
|
20 years |
$389,927 |
$494,229 |
$630,025 |
|
25 years |
$581,564 |
$789,544 |
$1.1 million |
|
30 years |
$838,017 |
$1.2 million |
$1.8 million |
|
35 years |
$1.2 million |
$1.9 million |
$3.0 million |
|
40 years |
$1.6 million |
$2.8 million |
$4.9 million |
Data source: Calculations by author.
The tables above not only show how you can double your money, but given enough time and a solid rate of growth, how you might triple or quadruple it, as well!
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
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The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The post 3 Investing Tricks to Double Your Money appeared first on Motley Fool Australia.
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
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If you’re looking to take advantage of compounding with buy and hold investments, then I think the three ASX 200 shares listed below are worth considering.
I believe all three shares are well-placed to grow their earnings at a solid rate over the next decade. This could ultimately lead to their shares providing investors with very strong returns over the period.
Here’s why I like these ASX 200 shares:
I think that Cochlear would be a great option for investors. I continue to believe the hearing solutions company is among the best buy and hold options on the local share market. This is thanks to it being perfectly positioned for strong long term growth thanks to the ageing populations tailwind. By 2050 there are forecast to be 1.5 billion people over the aged of 65. This will be almost triple the number of over 65s in 2010. I expect this to underpin a sustained increase in demand for its cochlear implantable devices over the next few decades.
Another option to consider buying Collins Foods. It is one of the region’s largest quick service restaurant operators. It has 240 KFC stores in Australia and 41 KFC stores in Europe. The company also has a handful of Taco Bell restaurants in Australia and 75 franchised Sizzler restaurants across Asia. While I see a lot of promise in the Taco Bell brand, I believe its European operations will be the key driver of growth in the future. I see now reason why one day the company won’t have more restaurants on this continent than it does in Australia. Especially given the underpenetration of KFC in the European market.
A final option to consider buying is Nearmap. It is an aerial imagery technology and location data company with operations in the ANZ and North American market. I believe it is a great long term option for investors due to its sizeable opportunity in the markets it operates in. Given the quality of its offering, I expect the company to continue to win market share over the next decade. This should drive strong recurring revenues. Another positive is that Nearmap has the option to expand its coverage into other countries in the future to increase its target addressable market and accelerate its growth.
And here are more top buy and hold options. They each look well-placed for long term growth…
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James Mickleboro owns shares of Collins Foods Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Cochlear Ltd. and Nearmap Ltd. The Motley Fool Australia has recommended Cochlear Ltd., Collins Foods Limited, and Nearmap Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The post 3 quality ASX 200 shares to buy and hold until at least 2030 appeared first on Motley Fool Australia.
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If you’re looking to make investments in a collection of ASX growth shares, then the three listed below could be worth considering.
I believe all three growth shares have the potential to deliver strong returns for investors over the next decade. Here’s why I would buy them next week:
I think Appen is one of the best growth shares on the ASX. It has been growing its earnings at a very strong rate over the last few years thanks to the increasing demand for its services due to the growing importance of artificial intelligence (AI) and machine learning. Appen prepares the data that goes into AI and machine learning models, which is a vital part of the process. And with both these markets expected to grow materially over the next decade, I think Appen is well-placed to continue its strong form for some time to come.
Bravura Solutions is another growth share to consider buying. It is a financial technology company which provides software and services to the wealth management and funds administration industries. The solutions are used by some of the biggest financial institutions in the world. Thanks to the stickiness of its products, their large market opportunities, and a couple of key recent acquisitions, I believe Bravura can continue growing at a strong rate for many years to come.
A final growth share to consider buying is Kogan. This ecommerce company has really caught the eye this year after delivering explosive sales, earnings, and customer growth during the pandemic. While this growth is likely to moderate as lockdowns ease, I believe Kogan remains well-positioned to grow at a strong rate over the next decade. Especially given how the crisis appears to have accelerated the shift to online shopping.
Looking for more shares to invest in? Then check out the five recommendation below which are very highly rated…
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As of 2/6/2020
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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Bravura Solutions Ltd. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia owns shares of Appen Ltd. The Motley Fool Australia has recommended Bravura Solutions Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The post Why I’d buy Appen and these ASX growth shares for the 2020s appeared first on Motley Fool Australia.
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