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The thing is there are were a lot of dot coms back then and no one really knew which one would have been the next Amazon. The entire push behind diversifying on
by kamaal 6y ago
The thing is there are were a lot of dot coms back then and no one really knew which one would have been the next Amazon. The entire push behind diversifying one's income is to ensure that people who don't have lots of $1000's to spare don't lose $1000s investing it behind few stocks.
If you know the future. Tells us a few stocks where investing $1000 today would give you a million in 2 decades.
- WalterBright 6y agoIf you invest $1000 per year at 7%, you'll have $45,000 after 20 years. After 40 years (age 25 to 65), $215,000. https://www.calculator.net/investment-calculator.html https://www.calculator.net/investment-calculator.html For $5,000 per year, you'll have $1,073,000 after 40 years. 7% is the average stock market return, adjusted for inflation. If you invest $0.00, you'll have $0.00 after 40 years.
- wyre 6y agoI feel as if this opportunity is past us. Any company with the potential for that amount of growth is going to get bought out by multi-billion $ corps to further increase their already out of reach stock prices.
- WalterBright 6y ago> out of reach stock prices Robinhood enables buying fractional shares.