67 - The Rule of 72
By Phil Town & Danielle Town
19/07/16·48m 50s
Here is an easy way to think about value investing: Investing is like going to a garage sale and buying a bike in perfect shape for $50 that you could have bought for $100 at the store. What you’re buying is worth more than what you are paying. This week on InvestED we explain the difference between investing and speculation and why not everyone agrees on their definitions. We also dive deep into the Rule of 72 and teach you how to estimate your compounding rate of return. For show notes and more information visit www.investedpodcast.com
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