fastlanedoll
Regular Contributor
LEGACY MEMBER
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
- Joined
- Aug 21, 2019
- Messages
- 387
Rep Bank
$1,290
$1,290
User Power: 89%
I read somewhere that the top 10% own over 85% of stocks. These are ppl less likely to be affected by inflation / rising interest rates / slower economic growth etc. etc. because they actually have money to invest & aren't heavily dependant on stimulus checks / income from a job etc.
Given the wealth gap only widens & a larger proportion of stocks are owned by truly wealthy ppl, shouldn't crashes be seen less & less often, and crash to a smaller magnitude? If anything, it should become even more robust, and the rate of growth should increase overtime.
I understand that I might be looking at this too simply, but what would cause the market to crash by that margin if the above is true?
Given the wealth gap only widens & a larger proportion of stocks are owned by truly wealthy ppl, shouldn't crashes be seen less & less often, and crash to a smaller magnitude? If anything, it should become even more robust, and the rate of growth should increase overtime.
I understand that I might be looking at this too simply, but what would cause the market to crash by that margin if the above is true?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today