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I had this experience with 3D printing. In 2010 Google/Meta were transitioning to Mobile. It was not at all clear at the time that Mobile would turn them into m
by lumost 3y ago
I had this experience with 3D printing. In 2010 Google/Meta were transitioning to Mobile. It was not at all clear at the time that Mobile would turn them into multi-trillion dollar behemoths. To have bet the farm on FANG at the time would have been extreme.
Dropping money into an index fund is generally the right way of going about things. My suspicion is that those who talk about clearing N million on NVidia big bets either had enough money that they could go long with 1MM on a single stock with Y thousands or just got very lucky in their first trading experiences.
If someone gets 1/100 luck three times in a row - then they can easily get to 1-10MM portfolios from a ~10k starting point. You'd expect around 1 in one million traders to do this.