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With investors facing increasing market volatility and persistent inflation, it is easy to forget that investing is a long-term game
With investors facing increasing market volatility and persistent inflation, it is easy to forget that investing is a long-term game. And with many retirees living well into their 90s, they may also want to know how their money may grow over time. Through the markets ups and downs, there are principles that do not change for all investors, whether risk-averse or risk tolerant. One of those principles is the rule of 72.
The rule of 72 is a simple formula that can help estimate how long it will take to double your money. It essentially calculates the period of time that it will take to double your money if you earn an x% after-tax compound annual rate of return. Conversely, the formula can also be used to calculate the rate of return that must be earned to double your money in X years1.
*If you know one of these two variables, you can calculate the other.
1Source: https://www.investopedia.com/terms/r/ruleof72.asp
All investments carry a certain amount of risk, including the possible loss of the principal amount invested.
These examples are for illustrative purposes only and are not intended to predict the returns of any investment choices. Rates of return will vary over time, particularly for long-term investments. There is no guarantee the selected rate of return can be achieved.
This document is provided for information purposes only and is not intended to provide specific individual financial, investment, tax or legal advice. Views expressed regarding a particular company, security, industry or market sector should not be considered an indication of trading intent of any mutual funds managed SLGI Asset Management Inc. or any of the sub-advisors to those funds. These views are not to be considered as investment advice nor should they be considered a recommendation to buy or sell.
Sun Life Global Investments is a trade name of SLGI Asset Management NC., Sun Life Assurance Company of Canada and Sun Life Financial Trust Inc.
SLGI Asset Management Inc. is the investment manager of the Sun Life family of mutual funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund’s prospectus. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
Sun Life Assurance Company of Canada is the issuer of accumulation annuities (insurance GICs), payout annuities and individual variable annuity contracts (segregated fund contracts). Any amount that is allocated to a segregated fund is invested at the risk of the contract owner and may increase or decrease in value. Sun Life Financial Trust Inc. is the issuer of guaranteed investment certificates.
Sun Life Global Investments is a trade name of SLGI Asset Management Inc., Sun Life Assurance Company of Canada and Sun Life Financial Trust Inc. all of which are members of the Sun Life group of companies.
