Many stock market investors would say that people nowadays have many more advantages when it comes to the stock market. While technology does provide people with easy access and low commission costs, baby boomers had a hold of the stock market during the glory days. It is what it is, and it’s just how things happened. They have made a killing playing the stock market. Just think about how stock used to be purchased and how the economy was perceived back then.
I’m not necessarily trying to take you all the way back to their childhood because baby boomers weren’t investing then. Warren Buffet was of course, making his trades over the phone and keeping up with financial news. All you have to do is go back to before the invention of the Internet. Things were handled much differently then, and baby boomers were investing heavily. All of these resources that are available these days are great and all (go to Binary Uno and see for yourself), but they aren’t necessarily an advantage all the time.
Empowering people to keep investing simple also promotes laziness. Investors are throwing money at everything, and their attention spans are horrible. Baby boomers grew up in a different time and with a different market. Not only that, but the stock market requires a different approach these days. One could argue that you could play it the same way, but it’s just not the same game.
You have to make a decision about how you want to enter the market. Reflect on the opportunities that were available to baby boomers and how they got rich. Think about what you need to do to be a good investor, and consider what you think is going to happen as the market moves forward. Think like a businessperson and figure out how you’re going to make money just like the baby boomers did, only in a different way.