There are a lot of baby boomers out there that are very well off. In fact, a number of them could be classified as rich.
A lot of these people made the majority of their money on the stock market (most of them through Бинари Уно). How did they do so well? Here are a few of the reasons.
1. They Had More Disposable Income
When the baby boomers first came into adulthood, the cost of living was much lower. Because of this, salaries could go a lot further. It was easy for them to save and put aside money for investments.
Because baby boomers had plenty of disposable income, they could always invest in the stocks that they were interested in. It was easy for them to build a diverse stock portfolio from an early age.
2. Technology Allowed Stocks To Rise Quickly
A lot of technological advances came about as baby boomers grew older. People who invested in companies like Apple or Nintendo were able to make a fortune.
Some companies were able to reach meteoric heights out of nowhere. The people who predicted these rises were able to make a lot of money.
3. You Could Get In With A Small Investment
Nowadays, a lot of brokers require you to make a big investment to buy stock. Back then, you could buy stocks for next to nothing. It was easy for you to invest in stocks, even if you didn’t make a lot of money.
As you can see, baby boomers had a lot of advantages that people growing up today don’t have. With that said, it’s still possible for people to make money off of the stock market if they try. If people play their cards right, they can earn a lot of cash.