I was reading some startling statistics this week. This podcast discusses:
1. Research indicates that if all the millionaires in the US in 1900 invested in US markets, there would now be more than 120,000 billionaires in the US today!
2. Each of the 4,000 millionaires in 1900 (or their kids) would have about 80 billion as of September 2018 if they had just invested in the US market. In other words, there would be 120,000 people as rich as Bill Gates and Warren Buffett!
3. So what can explain this? The podcast also discusses human error.
Looking to avoid these mistakes or just get better investment returns? Contact me today.
September 16 update – I will be having a client event on November 2 with Dragon’s Den star Kevin O’Leary. To have the chance to attend, click here. All existing clients will automatically be invited.
How much do you really need to get rich investing? The answer might shock you!