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A comment on America's 1% Has Taken $50T From the Bottom 90%. Parent comment

Re:America's 1% Has Taken $50T From the Bottom 90% by kamaal on Thursday February 11, 2021 @11:46PM (#26110825)
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.

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Re:America's 1% Has Taken $50T From the Bottom 90% by WalterBright on Friday February 12, 2021 @01:05AM (#26111144)
If 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

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.

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Re:America's 1% Has Taken $50T From the Bottom 90% by wyre on Friday February 12, 2021 @02:28AM (#26111427)
I 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.
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Re:America's 1% Has Taken $50T From the Bottom 90% by WalterBright on Friday February 12, 2021 @03:08AM (#26111611)
> out of reach stock prices

Robinhood enables buying fractional shares.

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