Reply to Do many households here have $15 M net worth or more?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Hey op, you surprised  to see the predictable bs replies ?[/quote]The only BS replies are ones like yours. Others are actually replying to the OP's question. [b]20M here, OP. No inheritance or high income[/b]. A lifetime of investment, that's all.[/quote]

These are what shock me the most.

I can buy that certain careers lead to $20M by say, 50 ($5-10M HHI a year = hedge fund, private equity).

I get that certain careers lead to $8-10M by 50 ($2-3M HHI = very successful in BigLaw, consulting, executives at large companies, maybe FAANG SWE).

But what surprises me is when people are not high income, didn't have an inheritance and get to $20M. Even someone making $2-3M (like the big law lawyer) is still going to struggle to get to that $20M figure. What exactly are you investing in?![/quote]

Apple for us. We invested very little a long time ago, because we ddidn't have much, and that's why we're *only* at 20M. Perhaps you aren't very well versed in which companies have done extremely well for our generation, but if someone tells you they made their current wealth over decades of modest stock market investment, it's likely Apple. It's the only company that fits the bill. If someone tells you they made a fortune recently in the stock market, it's likely crypto. And so on and so forth...
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Thanks. Condescending attitude aside, did you diversify at all? The reason this surprised me is that it's been beaten in my head (I'm an older millennial) that you don't overinvest in one stock. So was this a situation where you bet it all on black? Or Apple was 10% of your portfolio, for example, and it grew?[/quote]

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