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%.
shares drop 30 percent and banks not safe, page-11
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Last
$64.69 |
Change
0.850(1.33%) |
Mkt cap ! $12.54B | |||
| Open | High | Low | Value | Volume |
| $64.52 | $64.75 | $64.14 | $11.35M | 175.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $64.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.69 | 5 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |