You keep hearing about the eighth wonder of the world – compound growth. What’s so good about it and how do you calculate a return on compound growth? Explained in today’s Property Wealth Workout of the Day.
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Blindly accepting that prices will double every 7 to 10 years leads people to make grave mistakes with their investments. Nobody has a crystal ball that tells them the exact dollar value of a property 10 years from now, but that doesn’t mean that smart investors can’t establish reasonable grounds for predicting the direction and strength of market movements in the short to medium term.
