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Billionaire investor Ron Baron sees Dow 650,000 in 50 years — about 25 times higher than today
That's hilarious. He must not believe in climate change or the current failure of our democracy. Good to make predictions for things long after you're gone. I'm not even sure where the market will be two weeks from now.
I used to listen to a very good investment show hosted by legendary Bruce Williams back in the 80s. It was broadcast nationwide.
Bruce often alluded to “The Rule of 72” which the link below explains. He claimed a investor should on average double his money every 8 years. That would work out to a 9% annual return, using the rule of 72. That sounds quite high by today’s standards without taking on a lot of additional risk. In the 80s mortgage rates were still double-digit. Interest rates generally were much higher than today.
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Bruce often alluded to “The Rule of 72” which the link below explains. He claimed a investor should on average double his money every 8 years. That would work out to a 9% annual return, using the rule of 72. That sounds quite high by today’s standards without taking on a lot of additional risk. In the 80s mortgage rates were still double-digit. Interest rates generally were much higher than today.
https://www.thebalance.com/how-to-use-the-rule-of-72-2388567
Regards,
Ted
https://www.businesswire.com/news/home/20191025005479/en/5000-Baron-Funds-Shareholders-Attend-28th-Annual