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More $1 million accounts than ever: How about yours?
Historically, the US stock market is on one of its longest bull-run, especially when the S&P 500 index rallied 20% since the beginning o Show More
Historically, the US stock market is on one of its longest bull-run, especially when the S&P 500 index rallied 20% since the beginning of this year. With that, the number of million-dollar accounts in the US has also exploded. According to Fidelity, the 401k accounts with more than $1 million balance have increased 84% in the past year to 412,000, breaking the all-time high.
On the one hand, some people believe the extraordinary liquidity is once in a lifetime chance for us to get rich. On the other hand, others argue the distribution of wealth becomes deeply uneven.
What do you think of the rocketing million-dollar accounts? How's the performance of your account?
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    One of the greatest instruments used by the financiers to impoverish and stupefy us is the stock market. What everyone knows, but few admit, is that the value of a stock has absolutely nothing to do with the value of the company. Just look at Amazon stocks, which have risen around 1300% in the last decade despite the company’s earnings being next to nothing. But Amazon isn’t a weird anomaly. This is how the stock market works. It was set up this way by design,by the industrialists, of course. Instead of spending their own capital to grow their business, they let millions of poor schmucks buy “ownership” in the company. This provides a huge influx of capital investment with no strings attached. If you invest your life savings in Amazon stock and the company tanks, Jeff Bezos doesn’t owe you a dime. Unlike traditional investors in a company, who expect their business loan to be repaid with interest, you the stockholder aren’t legally entitled to ever see your money again. This is called gambling.
    Bitcoin, like the stock market, is not really a casino. It feels like one, but it’s not. But with LIBOR, insider trading scandals, and other drips and drabs of leaked information over the years, we know that the stock market is rigged. Its volatility is intentional; the super-wealthy have enough leverage to manipulate stock prices at their will so they can buy low and sell high. That’s not a casino, that’s a con. They want you to believe the rise and fall of stocks and commodities (like Bitcoin) are due to irrational speculative investing, as if the prices are determined by trading volume. But they don’t give you the most important piece of information, which is that those at the very top are controlling the trading volume, not to mention manipulating the exchange rates. When these tricks don’t work, they can just straight-up falsify the data. They can simply tell you a Bitcoin is worth $15,000, sell it to you for that much, then turn around and make the price drop to $5,000. They can do this because they created the market, and they own most of the commodity. 
    Lots of people, especially younger people who came of age during the 2008 recession, were skeptical of the stock market and the big banks. So the financiers had to create a new fake market to lure these younger folks under the guise of a “private,” “sound money” system. It’s no coincidence Bitcoin came right on the heels of the Great Recession. The truth is, it was created as another unsound money alternative, to catch all the flies that were getting wise to the great Wall Street scam and making a mass exit from its tangled web. 
    Bitcoin claims to be a fully encrypted form of digital currency that offers total financial anonymity. But that’s not true at all. You see, there are two primary ways to buy Bitcoin. You can send and receive it directly from other Bitcoin owners using a “digital asset wallet” or “crypto wallet” and making the transactions directly on the blockchain, which is a ledger of all Bitcoin transactions. Or you can buy them through an intermediary exchange service like Coinbase or Bitfinex, similar to brokerage sites for stocks. When you use the exchanges, you have to jump through at least as many hoops to set up an account as you would to open a bank account, including several forms of photo ID, proofs of address, your social security number, etc. In other words, you have no more anonymity than a bank account holder. Even so, using an intermediary exchange is far easier and less confusing than doing it the direct, anonymous way with a wallet. Just Google “how to buy Bitcoin anonymously” and see how long it takes you to figure it out. It’s immensely confusing and technical. This is why the overwhelming majority of all Bitcoin owners use intermediary exchanges – they’re a whole lot easier. But this means that Bitcoin is no more anonymous than a bank card, and just as subject to taxation as fiat money.
    Another supposed value proposition of Bitcoin is that it’s decentralized. No single political entity or group has monopoly control over it, unlike fiat currency which is controlled and issued by the central banks. Just look at the chart at howmuch.net and read the results: 
    Over 95% of all Bitcoins in circulation are owned by about 4% of the market. In fact, 1% of the addresses control half the entire market. 
    It means the power to influence the value of Bitcoin in the hands of a very select few. And what’s worse, there’s no way of knowing who these few are. This is where the anonymity of the blockchain becomes a drawback rather than a benefit. You have no way of knowing who the Bitcoin millionaires and billionaires are. Yet because they have most of the world’s Bitcoin, they have tremendous power over it. The real owners – the real 4% that own 95% of all cryptocurrency – are the Intelligence agencies, and ultimately the industrialists and bankers who control Intelligence. Since they created Bitcoin out of thin air, any Bitcoin they sell to the rest of us is basically pure profit. Unlike other commodities that actually take capital to mine, refine, harvest, etc., Bitcoin is just a bunch of code. It’s kind of like all those coins you collect in the Super Mario Brothers video games. They don’t exist in the real world. On top of all that, they’ve duped people into buying hardware and eating up electricity to “mine” them. Since the crypto-rulers own the companies that make the hardware and produce the electricity, they make a double-killing on Bitcoin. Blockchain is now being rapidly absorbed into the same corrupt global financial system it was supposedly created to overthrow.
    “Bitcoin is a project of American intelligence agencies, which was designed to provide quick funding for US, British and Canadian intelligence activities in different countries. 
    The technology is ‘privatised,’ just like the Internet, GPS and TOR. In fact, it is dollar 2.0. Its rate is controlled by the owners of exchanges.” This statement is from the head of one of the largest cybersecurity firms in the world. Bitcoin is an Intel creation. Intel still controls the internet and GPS and every other technology they’ve ever developed.
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    Fist of all, more million dollars accounts ever is the results of unprecedented QE (due to the pendamic). This just showed that the important of investing to grow your wealth because savings in the banks just can't fight the unlimited supply of money printing. I am not good in short term trading thus I only choose 3 good stocks for long term holding:
    1) $Tesla (TSLA.US)$ the best performer with profits around 100%. Indeed the undisputed dominant leader in EV as expected. Will continue to hold.
    2) $Apple (AAPL.US)$ Currently continue to run strong with increase momentum, profits around 50% currently. Continue to have strong confident especially Apple Car.
    3) $Taiwan Semiconductor (TSM.US)$ The worse performer currently with small profits. My conviction that this company will continue to dominate the new oil of this century (precision microchips) never waver. Ready to add more if price go around 110.
    Overall very happy with my account although no million dollars haha. Cheers!
    3
    There are many ways you can invest $1 million. The first thing to recognize is that you’ve amassed this much money, which is more than many people can say for themselves. Next, though, you need to determine a strategy and focus on executing that strategy (and stick to the plan!) so you can make that $1 million last and grow even more.
    $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$ $Taiwan Semiconductor (TSM.US)$ $Microsoft (MSFT.US)$ $Intel (INTC.US)$
    1
    $SPDR S&P 500 ETF (SPY.US)$ tips. . usually. . covid is good for stocks are often mark the e
    beginning of another bull market. . a sick world. . ? yes. . it is rule by bat man. .
    There’s an old saying, the quickest way to be a millionaire is to be a billionaire and invest in airlines. $JetBlue Airways (JBLU.US)$ $American Airlines (AAL.US)$
    1
    I’m backing startups that have unique technology to play in the power market — not just the energy market. If the last decade was about growing use of renewable energy, the next decade will be about the growing use of renewable power. My personal investing is also about the need to go green. I don’t want to have pleasure at the expense of other people's misery. I'm putting in a new swimming pool and getting geothermal heating instead of gas. Geothermal has been free energy available for eons. Maybe it's a little more of a capital cost, but once it's installed, it's free for life. I'm putting geothermal heating in my house using the same geothermal field. I'll use more for pool heating in the summer and have it available for heating the house in the winter to use the system as efficiently as possible. I also made a massive investment in solar power on my sailboat to minimize the use of fossil fuel.
    $Tesla (TSLA.US)$ $XPeng (XPEV.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $Lucid Group (LCID.US)$
    1
    It’s another day to envy others, but I believe that I invest steadily, and one day I can become a million dollar account.
    $Tesla (TSLA.US)$ $Amazon (AMZN.US)$ $Alibaba (BABA.US)$ $Grab Holdings (GRAB.US)$
    Risk aversion is another under-appreciated obstacle to accumulating and building wealth. When many people are first starting to save and invest, they zealously guard that grubstake against risk for fear of losing it all. Although it is understandable, the fact remains that the ties between risk and reward are hard to break. Though investors may rightly fear the relatively small risk of "losing it all," playing it safe means that they are earning lower returns and making it all the more difficult to build towards that first million. A portfolio of bonds and conservative stocks may outpace inflation, but it will make the road to $1 million very long indeed.
    Conversely, once people have enough wealth that they feel comfortable and not particularly vulnerable to an economic downturn or bear market, they often take bigger risks. Not all wealthy people invest this way (Warren Buffett being a famous example of a wealthy and very conservative investor), but many do.
    $SPDR S&P 500 ETF (SPY.US)$ $Apple (AAPL.US)$ $Tesla (TSLA.US)$ $Amazon (AMZN.US)$ $Grab Holdings (GRAB.US)$ $Disney (DIS.US)$