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A comment on Stocks are up but 80% of the value is held by the richest 10%. Parent comment

Re:Stocks are up but 80% of the value is held by the richest... by WalterBright on Saturday March 11, 2017 @09:02PM (#13848475)
See the book "The Millionaire Next Door" about how ordinary people with ordinary incomes get rich. It is not about being smart or lucky.
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Re:Stocks are up but 80% of the value is held by the richest... by charlesdm on Saturday March 11, 2017 @09:17PM (#13848533)
You don't get rich (in an acceptable timeframe) by investing. You stay rich by investing (if you do it well), and you keep a good annual yield coming in by investing well.
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Re:Stocks are up but 80% of the value is held by the richest... by dpark on Saturday March 11, 2017 @09:25PM (#13848568)
> You don't get rich (in an acceptable timeframe) by investing

In realistic terms, you don't get rich in an acceptable timeframe by any means. You could found a billion dollar business or you could lose your shirt. You could win the lottery or waste a few bucks. You could marry or inherit money, or you more likely could not.

There is no reliable path to wealth except investment long term. And even that is infeasible if you aren't fairly high income.

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Re:Stocks are up but 80% of the value is held by the richest... by WalterBright on Saturday March 11, 2017 @09:38PM (#13848607)
Read the book, please. It shows how (non-rich) people do it. It's going for $.25 on Amazon. Anyone can afford it.
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Re:Stocks are up but 80% of the value is held by the richest... by krallja on Sunday March 12, 2017 @10:56AM (#13850920)
It's $7.99 on my version of the Kindle store. Where do you see $.25?
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Re:Stocks are up but 80% of the value is held by the richest... by sokoloff on Sunday March 12, 2017 @01:07PM (#13851689)
Not GP, but there's a used paperback copy of the 1998 version for $0.25: https://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/... (or a used hardcover for $0.02 and a new one for $0.60)

It is also likely available for $1.50 in late charges at the public library...

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Re:Stocks are up but 80% of the value is held by the richest... by WalterBright on Sunday March 12, 2017 @04:52PM (#13853039)
The local public library has it, too.
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Re:Stocks are up but 80% of the value is held by the richest... by WalterBright on Sunday March 12, 2017 @04:49PM (#13853018)
https://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/...

The used paperback version is $0.25

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