32. If you want to build wealth, become... - Deepstash

32.

If you want to build wealth, become an investor; buy your own business or buy a stake in a company you understand and hold forever.

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tomjoad

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Owning Assets

Once you've settled on the asset class you want to own, your next step is to decide how you are going to own it.

If you decide you want a stake in a publicly-traded business, do you want to own the shares outright, or through a pooled structure?

On Being Wealthy

Your wealth is the value of the assets you own

A wealthy person aims to build or acquire assets that hold their value or generate ongoing income, thus providing security and peace of mind.

What Is A Stock?

What Is A Stock?

  • A stock is a share of ownership in a company.

Ex: When I buy 100 shares of McDonald's, I become a partial owner of the company. I become a "shareholder."

  • Stocks move based on the laws of supply and demand. If a lot of people want to buy a stock, the sh...

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