Warren Buffet explains how one could've turned $114 into $400000 by investing in S&P 500 index. Power of #passiveinvesting …
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Warren Buffet explains how one could've turned $114 into $400000 by investing in S&P 500 index. Power of #passiveinvesting …
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You need his wisdom..but you also need his longevity.
Thats quite exceptional that an 11 year old in 1942 had 114.75$ $114.75 in 1942 is worth $2,216.13 today I don't think that many 11 year olds have that to start out with. TBH I'm surprised anyone sold it to him.
So in other words: don't worry, don't be ignorant and be happy. Hope the crypto thing works. 😊
Step one, be an 11 year old with $2200 to spend on stocks
How does an 11 year old have the equivalent to $2,300 today?
THERE WAS NO S & P
INDEX THEN. IT DIDN'T START UNTIL 1957. JUST ANOTHER LIE FROM BUFFET
Where on earth did he get over $100 at age 11? Must have saved every dollar he got on Christmas and birthdays his whole life.
All that money and you can't take it with you when you die.. what ashame
If you put $1000 in the stock market today for each of your kids when they are born. (DON'T TELL THEM) Have a lawyer gift that to them on their 60th birthday, you will have guaranteed their retirement. That's a gift.
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That is roughly $2400 when calculating for inflation in today’s money. I’m 25 and don’t have $2400 to invest, I couldn’t imagine having that at 11!
100 dollars was a lot of money 1942. Where did an 11 year get so much money from, parents?
If it goes up that much in the next lifetime, the only way I see it would be under a hyperinflation. Too much of a good thing is a bad thing. There are multitudes of $114.17 today as compared to 1942 when the United States was entering ww2. The money supply would expand beyond all reason. We need a generation bear market in order to save the country.
He had $114 in 1942 as an 11 year old!? That’s incredible. Just for reference an average house price in 1942 was $3,775. 3% of an average 2024 house price of $500,000 is $15,000. An 11 year old that has an access to that kind of sum today to invest in a stock market will make out just fine in life. I am convinced more than ever that it takes money to make money.
I'll make sure to tell my wife that we only have to wait 45 years To become rich that way she could stop bugging me that we don't have enough money to pay rent
He should be the president
The problem is that saying the stock market will just keep rising forever sounds insane to any human being.
$114.75 in 1942 is the equivalent to about $2,200 today. What was 11-year old Warren Buffet doing that earned him the equivalent of $2,200 at 11 years old and he thought, "oh hey, I think I'll invest in the S&P"?
Check out this penny stock: Hypha Labs
"All the other nonsense being sold to you" this statement right here is key
114 dollars of 1942 money is 2200 dollars of 2024 money. 4x more world population today than 1942 – won't happen in next 80 years. US economy took world domination in these decades – won't happen again for next 80 years. Yeah, there will probably be stock market rise for next 80 years too, but with high probability a lot smaller.
$114 was lots of money in 1942
114$ is 55k$ today
The worst kind of people follow this guy
Merci Presidente
With a $100 investment at the average price of $8.90 per Bitcoin, you would have purchased approximately 11.24 BTC. Today, that investment would be worth an incredible $311,398
Less than 80 years, less than 15 years. Smart man shown up by kids… how much of that
Money did you enjoy…
Who gave this 11 year old $2,300 for a stock.
index funds debuted in the 1970s so in theory, yea
114$ in age of 11…in 1942????
Ftom where?
114$ in age of 11…in 1942????
Ftom where?
$114 in 1942 is $2200 today after inflation.
What 11 year old has $2200 to put in the stock market?
I agree. I bought Nvidia back in 2019. Kept adding until 2023. The dividends are paying off.
So everyone should definitely invest $100 into the s&p on behalf of their kids when they are born.
Adjusted for inflation 115 $ is aprox 2200 $ today…thats a lot of money for an 11 y old…just saying
Ray Kroc syndrome.
Warren is opposite degen. Buy meme coins then do this after moon $mini $selfie
The figure that blows my mind is an 11 year old having $100 in 1942.
Guy is a financial genius
Bitcoin is on its way to breaking records, getting closer to hitting the new high prices. Showing that it's gaining more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general….managed to grow a nest egg of around 3.2Bitcoin to a decent 16.4Bitcoin. At the heart of this evolution is Laura Morgan, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment…
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Ruined by music
💂today is not 1942.
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.
The uSMART Interest Reward promotion feels like a blessing, with returns typically exceeding 4% and being fixed. Plus, there are no penalties for early withdrawals, and both new and existing users can participate
Great content, as always! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
Wow bitcoin destroys the s&p and its only been around 15 years.