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Long-Term Successes Don’t Leave Out Investors
"Duncan, your point is well taken. It takes just under 7% interest compounded annually to turn $50,000, and those rates are unheard of these days. It's tough to get better than 2% anywhere. But these are strange times. It wasn't that long ago that interest rates of 5% and 6% were common for CDs, but not any more. Sorry, call that exaggeration for effect. My bad. Tim Berry"