The Rule of 70 is a calculation that allows you to determine how many years it will take for your money or investment to double at a given rate of return.
Investors can use this metric to evaluate a variety of investments, including mutual fund returns and the growth rate of a pension portfolio.
It is important to remember that the 70 rule is an estimate based on projected growth rates. If growth rates fluctuate, the initial calculation may not be accurate.
A joint tenant with inheritance rights is a legal ownership structure in which two or more parties participate in relation to an account or other asset.
Rebalancing is the act of adjusting a portfolio’s altered asset allocation to match the original allocation determined by the investor’s risk and reward profile.