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How do I calculate dividend compounding?
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Hi, I would like to calculate how long it would take to get to let’s say 100,000 dollars with one stock. Can someone help me?
Let’s say I add 100$ every month to my portfolio, one share costs 6$ and gains me 0.05$ every month.
That would mean every month I would buy 16.7 shares and would add 0.8$ to my portfolio. What and how to calculate from here to 100.000 (without taxes and all)
Thanks in advance!
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