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Reply to "Is it possible to get rich solely through frugality, saving & investing?"
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[quote=Anonymous][quote=Anonymous]As I already posted, we bought Apple when we were young and now we have >10 million. It's a combination of luck, time and some industry knowledge. I can't tell you whether there is one miracle stock right now, OP, but it never hurts to invest in high-tech and internet-based businesses. Stay away from biotech, though, that's extremely risky (I work in biotech). [/quote] Love to hear how you played this. How much did you invest? It was 2000? What was your income and your parents wealth? I was dabbling investing in 2000 but my income was $50k with $40k in student debt and dirt poor parents I was also sending money to. I invested some but stuck to index funds because that was the responsible things and paid off loans (because that’s a “guaranteed” rate of return) but would have loved to plow life changing money into Apple. I was involved in tech somewhat, and saw the value in things like their embracing USB before anyone else, etc. [/quote]
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