72 / interest rate = Years to double your money.
Let’s say bank gives 9% interest rate annually on fixed deposit. If you open $1000 fixed deposit account, your account will double in 8 years as for 72 rule below.
72/9 (Interest rate)= 8 (Years)
Begin investing with prayer.
Keep watch your long-term stocks. Keep track them on company press releases (PR) and on company special events. Remember, world economy and national economy events also affect your stock price.
Note down your investing/trading mistakes. Do not repeat them again and again.
Stock Market is money device which transfers money from impatience to patience – Warren Buffet.
No pain and no muscle gain. Same principle will apply in stock market. No loss and no gains. Therefore, Ready to face losses.
Stock market is not luck, lottery, gambling and betting. It is a power of knowledge, analysis, planning and decision making. Do not blame stock market as lottery and gambling for your ignorance.
Trust yourself and your stock methods. Moreover, keep improving your research analysis and methods.