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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.
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 It is now!