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by enraged_camel 3543 days ago
>>I did not agree at all. In my experience it's much easier to make 1 million then it is to invest 1 million and make another million.

Really. Let's hear your formula.

Because the stock market returns 7% per year on average after inflation, which means it takes about 10.2 years for $1 million to become $2 million. What's even better is that this happens behind the scenes - you don't have to do any work for it.

So what's your formula for getting from zero to $1 million in 10 years without doing any work?

2 comments

There is no guarantee the stock market will return money in the future. The past does not equal the future and in fact some experts predict that the stock market will return around 3% on average going forward. Also even if the average return was 7% most people have achieved much less than that.

Obviously it's less effort to invest in the stock market so if you're talking about the amount of effort then yes investing is easier

>>There is no guarantee the stock market will return money in the future.

It will always return money as long as it exists. How much it will return is debatable.

>>Obviously it's less effort to invest in the stock market so if you're talking about the amount of effort then yes investing is easier

Uh, you said, "In my experience it's much easier to make 1 million then it is to invest 1 million and make another million."

What is this about, if not effort?

Lotto!!