There is a lot of wiggle room in that tweet. It leave out a lot of possibilities and isn't very clear on whether it's describing a future strategy or past occurrence.
I think people's impression of a millionaire needs to be adjusted as well. This is from last year and says 18% of households are millionaires, largely due to retirement accounts and real estate appreciation.
www.fool.com
It’s an investment.
If it is an investment then why care so much about the here and now. I don’t hear many talking about what nvidia will do over the next 10 years. Lots of discussions here are gambles on the stocks always going up and complaining when they don’t have a straight line up. Thus, investors who want to beat the average with no actual reason for why a stock will are gamblers.
Things were a little different when people didn't have stock prices at their fingertips and had to wait for the finance section of their newspaper to get there.
I sure would love to know what NVDA does in the next decade! I hope it has a 20th century type run that Intel had.
Can double.
Most investors buy stocks for what they will do in the long term. NVDA is a great example, and investors are buying the dips, but no one wants to see their stocks drop when look at their IRA’s or 401k’s. Some people draw from their investment accounts to pay bills or payoff purchases so they sell at loses. So called safe haven investments drop too. Add to this a recession or stagflation, people losing their jobs, prices rising, interest rates rising…
