The Rule of 72
Do you know how long it may take for your investments to double in value? The Rule of 72 is a quick way to figure it out.
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Millennials can opt to follow a values-based investing strategy to invest their money in conscientious ways.
Maybe your middle schooler is already hip to saving. Many kids this age do chores and earn allowances, perhaps putting part of what they earn into a savings account for college....
Time and market performance may subtly and slowly imbalance your portfolio.