The Last Time This Happened, Lots of Regular People Became Millionaires

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Numerous ordinary people became millionaires the last time this happened. How an unprecedented influx of capital is about to alter everything. The S&P 500 had reached a level of 676 points at the end of the day on March 9, 2009. Free-falling financial collapse was taking place. Six months earlier, Lehman Brothers had collapsed, retirement accounts had been cut in half, and the headlines were screaming about the worst economic crisis since the Great Depression.

 A school teacher by the name of Bri did the unthinkable amid the chaos. She used the $50,000 she was saving for a home down payment and put it in an S&P 500 index fund.

 Today, that $50,000 investment is approximately worth $590,000. She didn’t pick individual stocks.  She did not use insider information to time the market. She just identified a moment that happens once, maybe twice, in a generation when fear creates an opportunity for regular folks to become millionaires.

 The fact that we are in such a moment right now is something that most people miss. It's not a market crash; rather, it's an alignment of economic forces that only happens once every few generations. $124 trillion is the number driving this change. Over the next 20 years, $124 trillion will change hands, and that is not a typo. The last time anxiety...


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/> Writer: Binod Kumar Simkhada
 binodkumarsimkhada315@gmail.com

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