Sunday, November 11, 2018

Why investing is the best way to get rich

Nov. 11, 2018

Introduction


It is 9 minutes video called why investing is the best way to get rich. Here is the link.


Investing to build wealth


1. Compound interest is truly powerful.

Apple $1000, 30%  a year, compounding power, thousand double 20 times, billion dollars.
Double every 2.5 years.

Year 2000, 1000 dollar in Apple stock, how much is in 2018?

2. You need to get an early start on investing.
3. Investing in individual stocks offers you the greatest opportunity for inflation-beating gains in the long term.
Educating yourself - hold 70% on a few companies he trusts - Warren buffet - 6:00 - 7:30/9:07

8:00
Find 20 companies over  your life time, only 4 or 5 of them really are successful.


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