Can you become a millionaire investing in stocks?

By | May 13, 2022

Not only can you, but you are odds on favorite to do so if you invest productively.

The key things are starting early, investing in the overall index and not individual firms, and not panicking when markets go down.

These figures show how little you need to invest if you start early or relatively early:’

Countless millionaires that leave $2m, $5m or even $10m fortunes often just bought and held for decades like this secretary in NYC – 96-Year-Old Secretary Quietly Amasses Fortune, Then Donates $8.2 Million

She isn’t an exception either. I personally know several “millionaire next door types” that have middle-incomes but have become rich slowly,

By the same token, it is a huge mistake to assume that investing is a get-rich-quick scheme.

It simply isn’t. You will have good and bad years, and even the occasional “lost decade” if you invest.

You will have to face countless moments like this:

Market crashes. The Stock Market has crashed 40%-50% on countless occasions, even though the Dow Jones has gone from 60 in 1900 to 2,000 in the early 90s to 26,000–29,000 this year.

If you are long-term orientated, that doesn’t matter though. The markets are like a rollercoaster where the general trend is up sharply, but with many bumps along the way.

Leave a Reply

Your email address will not be published.