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"How to become a millionaire" by the German financial magazine €uro:
The graph shows the average yearly return of the German Share Index DAX, depending on when you bought (vertical axis) and sold (horizontal axis).
Conclusion: Holding long enough gives you an average performance of 8.2%, meaning your money doubles every 9 years.
@eliasg Yep. And still, many people rather don't invest their money at all (big "problem" in Germany).
@hinterwaeldler oh no. yeah everybody just wants to party in the moment. getting old sucks, but getting old without money in this world will suck harder.
Doubling your money every nine years means tenfolding your money in 30 years.
#unintuitive #math #money
(Is tenfolding a word?)
@virtuosew Haha, thank you! 😃👍
@hinterwaeldler that's basically all is for the average person. buy and hold for ever.
buy index stocks. never sell.