Well it happened. The Dow Jones Industrial Average topped
20,000 for the first time in history.
That's double the remarkable 10,000 number from 1999. Remember that
10,000 was going to be "impossible?"
No doubt there is a lot
of enthusiasm in the market these days. And that's great for "the
market" and for Wall Street.
But what about you?
How long will it take to
double an investment in today's 20000 DJIA?
The
Wall Street Journal had some commentary about that today.
The answer is in the rule of 72. The Rule of 72 is a simple math formula that
shows you how many years it takes to double your money in any investment.
Here is a short video
explaining the Rule of 72:
Watch here 