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Old 10-10-2019, 08:58 PM
 
Location: Sputnik Planitia
7,829 posts, read 11,839,770 times
Reputation: 9045

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If you had a paltry $210,000 in your account invested in the S&P 500 in 2009 and contributed just $500/month since then to now you would now have a MILLION dollars.

The market has essentially tripled in the last 10 years... most people should at least be half-millionaires if not outright millionaires by now.

It seem like every average Joe could've done this. Why aren't you one of them??
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Old 10-10-2019, 09:00 PM
 
Location: southern california
61,255 posts, read 87,656,228 times
Reputation: 55570
My favorite ditty about that
When you have slain the dragon
The village in fact does not turn out to cheer
And the beautiful princess does not in fact fall in love with you
Only silence
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Old 10-10-2019, 09:06 PM
 
Location: Redwood Shores, CA
1,651 posts, read 1,330,035 times
Reputation: 1607
You could have assumed Investing all into Google common stock, and you will have 10 mil By now.
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Old 10-10-2019, 09:39 PM
 
Location: VA, IL, FL, SD, TN, NC, SC
1,417 posts, read 741,661 times
Reputation: 3439
Quote:
Originally Posted by Huckleberry3911948 View Post
My favorite ditty about that
When you have slain the dragon
The village in fact does not turn out to cheer
And the beautiful princess does not in fact fall in love with you
Only silence
Do you mind expanding on this; I do not get it at all.
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Old 10-10-2019, 09:49 PM
 
10,231 posts, read 19,307,473 times
Reputation: 10906
I didn't have $210K liquid in 2009. Last I checked that was still a good deal of money.
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Old 10-10-2019, 10:06 PM
 
37,798 posts, read 46,303,387 times
Reputation: 57561
Quote:
Originally Posted by k374 View Post
If you had a paltry $210,000 in your account invested in the S&P 500 in 2009 and contributed just $500/month since then to now you would now have a MILLION dollars.

The market has essentially tripled in the last 10 years... most people should at least be half-millionaires if not outright millionaires by now.

It seem like every average Joe could've done this. Why aren't you one of them??
How do you know I'm not?
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Old 10-10-2019, 11:42 PM
 
23,688 posts, read 9,469,866 times
Reputation: 8653
Quote:
Originally Posted by k374 View Post
If you had a paltry $210,000 in your account invested in the S&P 500 in 2009 and contributed just $500/month since then to now you would now have a MILLION dollars.

The market has essentially tripled in the last 10 years... most people should at least be half-millionaires if not outright millionaires by now.

It seem like every average Joe could've done this. Why aren't you one of them??
I was a senior in high school in 2009 and i havent had the time to become a millionaire through the stock market although i do have a lot in the stock market and i contribute every month.
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Old 10-11-2019, 12:35 AM
 
Location: on the wind
23,563 posts, read 19,340,994 times
Reputation: 76078
Quote:
Originally Posted by k374 View Post
If you had a paltry $210,000 in your account invested in the S&P 500 in 2009 and contributed just $500/month since then to now you would now have a MILLION dollars.

The market has essentially tripled in the last 10 years... most people should at least be half-millionaires if not outright millionaires by now.

It seem like every average Joe could've done this. Why aren't you one of them??
Well, most "average Joes" I know don't have that paltry $210,000 available to plant and let ride in stocks.
Most "average Joes" don't have an extra $500 available to contribute every month on top of it either.
So sorry us "average Joes" don't live up to your lofty expectations.
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Old 10-11-2019, 01:38 AM
 
107,330 posts, read 109,711,713 times
Reputation: 80692
Quote:
Originally Posted by k374 View Post
If you had a paltry $210,000 in your account invested in the S&P 500 in 2009 and contributed just $500/month since then to now you would now have a MILLION dollars.

The market has essentially tripled in the last 10 years... most people should at least be half-millionaires if not outright millionaires by now.

It seem like every average Joe could've done this. Why aren't you one of them??
who says i am not .
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Old 10-11-2019, 03:48 AM
 
Location: Australia
3,602 posts, read 2,334,167 times
Reputation: 6932
Well I am in a place where you are more likely to triple your money through real estate than the stock market.
Perhaps I have.
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