ASX 1.33% $64.69 asx limited

shares drop 30 percent and banks not safe, page-11

  1. 484 Posts.
    lightbulb Created with Sketch. 1
    kincella,

    100,000 compounding at 20% for 19 years = $3.2million.

    Based on your figures, the compound rate of growth is about 7.5%.

    You also commented that "analysts" are forecasting the ASX to fall a further 30%. Presumably, you are referring to Gerard Minack from Morgan Stanley, who has a target of 3500 on the ASX...he's had that target for the last 18months or so, if I remember correctly. But you should be careful for what you wish for; Minack is forecasting property in Aus to fall 30-40%.
 
watchlist Created with Sketch. Add ASX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.