Diversification is not bad, and you can be wealthy doing it, but it takes a long time.
When I was in school in the late nineties, I bought AAPL. I held and added to it throughout 2000s. Just before the financial crisis of 2007 I was graduating from university and going to start my job in Houston. I sold most my AAPL stock and it was enough to buy my first house outright. Before I started my first real job. The timing turned out to be most excellent because it was the right time to get out of the market.
After that I continued investing in AAPL from the depth of the market crash, and started investing in NVDA. A close friend of mine got a job there and mentioned how nicely run company that was at the time.
I invested heavily in NVDA. Rest is reality :)
Impressive good analysis or luck?
There are also many ppl that bought Intel at the wrong time (2000) if they did not DCA it took a long time until hit par again 2015 or so?
But for me i started way to late here in the NL they are not that investing minded and no education at school at all.. Whish i started earlier learning more about money..
In the V.S. investing more common or also not?
So strange right, you learn everything, except how to spend money the right way, but I guess when they teach it the right way, the 'system' doesn't work anymore (most people just work and be slaves to the tax paying system that is)
By the way, I didn't know you're from NL as well 🙂
Now you know 🤣.
I forgot to answer this.
I say perhaps it is more common compared to India, where I went to school as a kid.
But it is not perfect here either.
I learned about finance, because I got into currency trading when I was 16 year old :)
Luck :)