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Thats true... i did only mention Mickey dees... but as an example of what happend vs what people do
even if they DID take a winner like mickey dees... how many would have held on to it and not sold till now?
this is one reason why the very wealthy get more...
they have enough that they do not bother to look at something they have accumulated to dip into it
for my parents to have to have left it alone, they would have had to remain in the lower middle class while watching their investment accrue able to pay off bills and make life easier... (though that might have happened that my estimate ignores the dividends of such)
but there is much longer list of companies that came out like mickey dees than enron..
list of companies from the 1980s (i dont know how many had drips... so lets say you had the 50k and diversified, and left it alone]
all these were the fortune 500 in 1980
Microsoft, p&g, caterpillar, BP, Marathon Oil, 3M, General foods, altria, coca cola, J&J...
an article from 2011..
If you had bought 100 shares of Microsoft 25 years ago ...
Sunday marks 25th anniversary of company's initial public stock offering If you had the good fortune to have bought 100 shares at the $21 offering price that day and sat on the investment for 25 years, it would have mushroomed into 28,800 shares over the course of nine stock splits and be worth about three quarters of a million dollars today.
my uncle was able to leave 2 million to each of his three kids because he had P&G and never used or touched it
[and they have, not done well with it when they could have lived off of the dividends and such if they just were modest!]
My point is the common point of most advisors to investing..
time WAS your friend... and most people didnt take advantage of it..
they come in later in life and hope to make up for lost... time
another article from 2017
If you had invested $1,000 in each of just three companies back in the 1980s — Apple, Microsoft and M&T Bank — you would be a millionaire today. https://www.cnbc.com/2017/02/23/investing-3000-in-3-stocks-in-1980s-would-have-made-you-a-millionaire.html
If you had invested $1,000 in each of just three companies back in the 1980s — Apple, Microsoft and M&T Bank — you would be a millionaire today.
That’s according to Standard and Poor’s Howard Silverblatt, who calculated as follows, using data through the end of 2016:
If you put $1,000 in Apple in 1980, you would have $228,113
If you put $1,000 in Microsoft in 1987, you would have $546,996
And if you put $1,000 in M&T in 1980, you would have $640,948
a diversified portfolio of very modest means, of good companies (not chasing after super fast crazy profits like enron) would yeild really good results after 40 years...
but you have to be smart enough to do that in your 20s... to reap it in your 60s..
and most of our lives we hear nothing but horror stories and doom and gloom about the market we spend more on trying to win the lottery in that period than we did buying a few shares and leaving it alone!
so my comment was more as to human nature being the driver of investing than smarts...
even myself was very dumb about it... and i am paying the price now for it.
No one!! To my knowledge, there is no governing body and there is no one to complain to and they don't need any certifications or anything. So buyer beware. Best you can do is complain on a thread like on this forum so others can be forewarned.
Nope I can't find anything anywhere on who regulates educators or trading rooms if anyone does.
If it is that obvious I missed it. Please enlighten me or refer me to someplace I can look.
There must be enough vendors here for someone to give me a strait answer.
I have seen where futures trading rooms have to have a CYA disclosure but haven't found anything for stock market rooms or vendors selling trading courses.
"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
