MY STOCK PAGE
This is a stock certificate that I own. First Energy.
It is cool to be an owner of an electic company and since
people are always going to need electricity, I should
always make money from it.
Like all stock certificates, this one has the name
of the company. It has a picture of some goddess-like
character. Here the character is holding lightning
bolts. The certificate has a number that I obscured
and the number of shares owned. It is also signed
by important people.
Not sure why,but people seem to be afraid of
stocks. From 1926-2000, the DJIA averaged a 10.7%
annualized return. What does this mean?
There is a formula referred to as The Rule of 72.
Simply put, you divide the interest rate into the
number 72 and it tells you how many years it would
take your investment to double. There is even a
calculator to help you. The RULE OF 72 CALCULATOR
For example, at 10.7%, it would take 6.82
years to double your money. That means that if
you invested $1,000.00 in the DJIA at the age of
25 that $1,000.00 becomes $32,000.00 when you
turned 59. Imagine investing more than that and
doing it regularly, how much money you might
have when you get ready to retire.
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