Only a few generations ago, investing tended to remain the purview of the wealthy. No longer. Today, your neighborhood plumber might have a more impressive portfolio than your company’s CEO. And it’s all happened thanks to systematic democratization in the publicly traded capital markets
This isn’t to suggest that everyone can or should invest, of course. All investments carry some type of risk. Not all would-be investors like dealing with market fluctuations, especially amid today’s pandemic-erratic economic period. Yet most people who haven’t entered into the world of investing might be surprised at how welcoming it can be to newcomers. Even newcomers without large savings accounts or well-known families can participate.
By taking the “tortoise” approach, he steadily grew his wealth despite the fact that he grew up poor, had a learning disability, and could easily have ended up living a life of crime. Basically, his story is another one of those “if I can do it, so can you” tales.