Markets Doubling in 5 Years!

By: John Honovich, Published on Jul 10, 2013

Which is more impressive?

(A) This market is doubling in the next 5 years!

(*) **** ****** ** growing ** ******* ** 14.87% *** ****

****, **** *** *********** the **** *****. * market **** ***** ** 14.87% *** **** **** double ** * * year ******. *******, (*) sounds *** **** **********.

********, *** *** ******* the '******** ** *' tactic *** ***** ***** releases, ***** *** ****** many ****** ** ********** believe **** ***** ****** segments *** ************ **** form ** **** ****.

Determining ****** ****** ****

** ******* ***** *** a ****** ** ***** to ****** (** ******) in * ****** ** years, *** *** ****** figure *** *** **** annual ****** **** ** using *********** ****** ****** **** calculator, **** **:

Assessing ****** *****

***** ** ***, ****** the '********' ** '********' claims. ****, ** *** pay *** ********* ** speculation, **** "**** ****** is ***** ** $* gazillion ** ****" (*.*., the******* **** '*****'). ** *** **** a **** ****** **** frame, *** *** ***** out ********** ***** *********** for **** ********.

****, ******** **** ****** projections ****** ****** ****** that ** ********* **** happen ****** *** **** period *******, ***** ** unfortunately, *** *********.

**** *** **** ***** of ****** *** ****** growth *****:

  • *** ****** ******* ***** on ******* * - 3% *** ****, ** practically ******** ***** ****** to *** **** **** this, ********** ** * press *******
  • ********** ******* ********* **** much ****** **** *** global *******, ******* *** products *** *****, **** widely **** *** (**********) improve *** ****** *** accomplish ********* *****
  • **** ******* ******* **-**% annually ** ****** ******
  • ********* ******* ********* **** an ******* ** **%+ per **** ** **** 50%+ *** **** (*.*., smartphone ********* ****** **.*% ** ****,******* **** **.*% ** 2012).

** *** **** **** you *** * ****** doubling ** * *****, remember **** ** ****** 'ho ***' ******. *** use ***** ************ ****** *** *** actual ****** ****.

Comments (2)

Don't forget the Rule of 72 for quick mental calculations.

From Betterexplained.com:

The Rule of 72 is a great mental math shortcut to estimate the effect of any growth rate, from quick financial calculations to population estimates. Here’s the formula:

Years to double = 72 / Interest Rate

Andy, good rule of thumb! Thanks for calling it out!

For example 72 / 5 years = 14.4, very close to the actual number (14.87)

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