Skip to content

All locations will be closed Thursday, November 28, for Thanksgiving. We will be open regular hours on Friday, November 29.

The Boca Grande location is temporarily closed. Please check back for updates.

Registration for free estate planning seminars is now open.

Get Started 863-222-7005

Chart of the Day: Rule of 72

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer Oct 10, 2023
Photo shows the average annual rate of return from 3 - 15%

Contents

Today’s Chart of the Day from BlackRock shows a great “thumbnail” rule that finance professionals use to do quick math: The Rule of 72. However, one can also use an even more general rule called The Rule of 7-10. Essentially, if you earn a 7% return, it takes 10 years to double your money, if you earn 10%, it only takes 7 years to double your money. You can even expand it to say if you earn 3% it takes 25 years to double your money, or if you earn 25% it only takes 3 years to double your money. 
Chart of the Day

About the Author

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer
Samuel A. Kiburz, Senior Vice President, Chief Investment Officer

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

Previous
Chart of the Day: Richest Billionaires
Next
Chart of the Day: 6% Annual Health Cost Increases

Leave a Comment

Subscribe to Our Blog

Sign up to receive email notifications of our blogs.

Subscribe to Our Blog

Sign up to receive email notifications of our blogs.