Mar 25, 2023, 06:17 PM IST
Rule 72 determines how many years it will take for the money to get double.
Rule 114 determines the number of years it will take for the money to triple and can be calculated by dividing 114 by the expected rate of return.
The Rule of 144 can be used to calculate how many years it will take your investment to quadruple itself.
This investment rule states that investors should begin by setting aside at least 10% of their current wage and then grow it by 10% annually.
The asset allocation between stock and debt can be determined using the 100 minus age formula. You must deduct your age from 100 in accordance with this guideline.