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[quote=Anonymous][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]

PP you replied to. I'm not condescending at all. These types of threads usually devolve into insults and personal attacks when a few posters disclose how their wealth developed and others start feeling insecure. Hopefully that won't be you, but I've been on DCUM for a long time, and investment threads usually end this way. As soon as that happens, I'm out. I don't want to waste my time engaging with people who think I'm lying, or who sneer and say everything was just luck.

I tried to diversify multiple times, and nothing ever worked as well, so apart from Amazon, Google, Nvidia and Netflix, which have worked well too, but more recently, I don't have much else doing on. AAPL represents the bulk of my success. I invested in Amazon 15 years ago, Google and Netflix came a little later, and Nvidia was more recent. Tesla was shorted as soon as that moron made his Nazi salute. I never liked Microsoft and Facebook so never invested in those, but I realized that I beelined to most of the top performers. The AI bubble is an interesting phenomenon, and I believe comparisons to the dot-com era bubble are not entirely justified. I am happy to see that Apple is taking things slow on the AI front, however. It limits my exposure a bit.

I have come up against the diversification argument so many times in my life. Sometimes the common wisdom does not work, PP. If there was a tried and true formula, there would be a lot more rich people in this world. This is why I don't have a financial advisor - they all bleat about diversification but none of them invest successfully, so... why would I listen to them?

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