CASPER
New member
Some people think that the stock market favors investors who started off rich. But in my opinion, the stock market is one of the few ways that ordinary people can make themselves rich.
A CBS News poll from May found that 64% of Americans think the stock market unfairly benefits the rich, while only 23% think it's fair to all.
Rich people do have one advantage: more money to invest. If you're worth $10 million, and you earn a 10% return on stocks, presto -- you've just made another $1 million! You and I can't collect a million bucks so easily. But over time, even our small contributions add up.
Proof positive
There are lots of great examples of the power of patient, steady investing. Witness Warren Buffett, who wasn't born rich, and who began investing in stocks as a preteen. Less-well-known examples are even more abundant:
A CBS News poll from May found that 64% of Americans think the stock market unfairly benefits the rich, while only 23% think it's fair to all.
Rich people do have one advantage: more money to invest. If you're worth $10 million, and you earn a 10% return on stocks, presto -- you've just made another $1 million! You and I can't collect a million bucks so easily. But over time, even our small contributions add up.
Proof positive
There are lots of great examples of the power of patient, steady investing. Witness Warren Buffett, who wasn't born rich, and who began investing in stocks as a preteen. Less-well-known examples are even more abundant: