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CITY of LONDON

Investing It’s a Risky Business

With the lock-down still in force, we’re having to do home schooling for the children, so I decided to incorporate what I do with what I think they need to know. I introduced them to the “Rule of 72”. For those of you unfamiliar with this Rule, it is a cheat sheet to work out how many X’s (years, months or days) it would take to double your money. So in the unlikely event your Bank is going to give you an interest rate of 8% p.a on your savings it would take 9 years before your money doubled. If 5% p.a then it would take 14.4 years or 10% a straight 7.2 years. During our tutorial the post man delivered our mail. There were two identical letters for the Twins. As they opened them excitedly t

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