Mmastodon BusinessMarkets first seen 11 h ago, last 42 min ago, peak #1
Study of 25 everyday millionaires finds few got rich picking stocks
Original: # Investing # Millionaire # PersonalFinance # Stocks https:// moneyables.com/i-studied-25-ev eryday-millionaires-almost-
A personal finance writer who studied 25 ordinary millionaires reports that almost none of them built their wealth by picking stocks. The finding is drawing attention among investors, since it suggests everyday wealth came from steady habits like saving, income growth and broad investing rather than clever stock trades. Personal finance commentators are weighing what this means for small investors tempted by stock-picking.
Why now: The finding challenges the popular belief that stock-picking is the path to becoming a millionaire.
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Evidence
- # Investing # Millionaire # PersonalFinance # Stocks https:// moneyables.com/i-studied-25-ev eryday-millionaires-almost-none-of-them-got-rich-picking-stocks/?utm_source=flipboard&utm_medium=activitypub Posted into Kiplinger: Level Up Your Investing @… · Kiplingers@flipboard.com · 2
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