^^it was Double Bank![]()
ako na uslon beh, edouble naku na in 4 years.
Mga early 2000, nakakuha akong father ug double your money in 6 years sa UCPB.
Right now, I'm not sure if naa pa ning mga ingon ani considering the fact that interest rates are decreasing.
That means, ang swings kung asa moearn ang banks are getting lower hence lower potential profit for them.
If you want to double your money in a shorter period of time, go for mutual funds and if you really want to get your hands dirty and do it yourself, try stock market trading.
If you want to know when your money will double, use the formula..
The Rule of 72, invented by Albert Einstein the great mathematician.
Any interest rate divided by 72 is the years will it take to double your money.. Let's say you found a generous bank who will give you 1% interest rate annually, meaning it will take 72 years to double your money minus 20% tax and 6% inflation rate. Meaning your money is loosing its value..
So instead of putting your hard earned money in the bank. Find a financial tool that will give you at least 8-12% interest rate.. One of those are investing in mutual fund,stock or even a life insurance with investments..
Bank is good only for emergency fund..
If you want to learn more about financial concepts and ways on how to manage your finances, we have a weekly schedule seminar regarding the matter. Just pm me now..
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