Has anyone ever come across someone earning less than $200k a year who has made a life-changing amount of money in the stock market? I certainly haven’t.
If you have, how often does it happen and how long have you been in Accounting?
I ask because I recently heard about someone who made a significant profit in the stock market. He invested a substantial amount in Nvidia back in 2008—essentially, a down payment on a house. I’ve been working in public Accounting for five years.
The thing is, he was already wealthy, which is why he was able to invest in the first place.
So, have you seen any working-class individuals really hit it big in the market?
(By the way, I know the title of this thread is a bit off—I’m trying to avoid financial advisor bots, though I’m sure that won’t work.)
One response
It’s an interesting topic for sure! While I can’t speak for everyone, I have seen a few examples of working-class individuals who’ve made substantial gains in the stock market, though they are definitely the exception rather than the rule. A couple of friends of mine invested small amounts consistently over several years, focusing on diversified index funds and some growth stocks. They didn’t hit it big overnight, but through patience and regular contributions, they’ve built a solid nest egg.
The guy you mentioned with Nvidia is a perfect example of how timing and risk tolerance can play a huge role, especially with tech stocks. For many people, the challenge is starting with limited capital and facing market volatility.
As for me, I’ve been in public Accounting for about five years, and I’ve certainly come across different investment stories. It might not always be huge gains, but a lot of people are making smart, long-term investments that are paying off in the long term.
What’s your take on investing strategies? Do you lean more towards individual stocks, or do you prefer index funds?