How can I measure the long-term value of my investments?
An example of an AI chatbot conversation about measuring long-term investment value.
How can I measure the long-term value of my investments?
To measure long-term value, consider metrics like ROI, CAGR, and total return over a specific period.
What is ROI and how do I calculate it?
ROI stands for Return on Investment. You calculate it by subtracting the initial investment from the final value, then dividing by the initial investment.
What is CAGR and why is it important?
CAGR stands for Compound Annual Growth Rate. It's important because it shows the mean annual growth rate of an investment over a specified time period.
Can you give me an example of calculating CAGR?
Sure! If you invested $1,000 and it grew to $1,500 over 3 years, CAGR is calculated as ((1500/1000)^(1/3))-1, which is about 14.47%.
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