3 ms·

I've pulled off some pretty great trades in my time, for example, I had the conviction that the Sprint merger was going to get approved and I bought Sprint stoc

I've pulled off some pretty great trades in my time, for example, I had the conviction that the Sprint merger was going to get approved and I bought Sprint stock in January, nearly doubled my money. The only problem is that I've only got $5k to invest, especially if I'm maintaining a healthy rainy day fund. And I'm not throwing all $5k into a single stock. That's why I'm not on a gold plated yacht. The truth is you could be a financial genius but if you grew up in a middle class family and have basically zero inherited wealth, you're not going to have the money to invest.

bluGill 7y ago
If you are a financial genius you will soon have money to invest, it doesn't take much to start, and every year there are a few doubling opportunities. Most of us are not financial genius and so we only realize they existed in hindsight. However there were always signs that could have been seen in advance - and there are always ways to cut your losses. If you don't start with might it might take 20 years but a real financial genius can be rich even if their source of income during that 20 years is flipping burgers.