Can I become a millionaire by investing in stocks?

[RahulSaxena]

Can I become a millionaire by investing in stocks?
Making money in the stock market requires a lot of patience and discipline, and there are no shortcuts to making millions.
what are your views on this? Please share

[Isha67]

YESSSS!!!
if you're making small investments, it will take a long time to hit $1 million. That may be OK if you're investing for retirement and you start in your 20s. But if you're in your 40s and want to become a millionaire soon, you're going to have to be much more aggressive in the amount you invest.

Putting money into the market early on in your life allows plenty of time for compound interest to work its magic. Compound interest occurs when your investment returns are reinvested and earn returns of their own. It can lead to exponential growth and, when given enough time to work, can make it easy to amass a fortune even when investing small amounts.

You can't go back in time and start investing $100 a month at age 20 if you're already middle age. But these numbers show that it's not out of reach for most people to become millionaires if they start in their 30s or even their 40s

[Redrum]

Yes. Read my BLOG postings. Pleas DO NOT POST comments in the blog. I have a thread for questions further down. My wife and I transferred all the money in our company retirement funds over to self directed IRA's and have tripled their valuations since 2007, while taking 8.25% of our retirement monthly spending from the dividend earnings in our brokerage account.

[motocat]

Many more "millionaires" these days than in the past. It is not because they have been so much wiser with their investments. Rather, their digital worth has gone up with inflation.

You, and so many of your peers, can become a millionaire, billionaire, (and can I hear trillionaire!) if they just "print" enough.

Not that you will be wealthy, a million dollars can't even buy a decent house where I live anymore....

[LongDonSilver]

Start early in life, add the max each year, get employer matching funds and yes you can. Spend every cent you earn and hoping to make a quick killing by buying the latest thing at the top of the market and no you won't.

[Miteysquirrel]

Of course you can, just start with 2 million.

[High Chaparral]

Hope your in good graces with a weathy baby boomer.
Generations after this won't be leaving $$$ large wills for their kinfolk.

[oak333]

It is easy to make money in the Wall Street. You buy stocks
when they are cheap and sell them when they go up.

Mark Twain

[oak333]

Two pretty young ladies were talking:

Lady # 1: Do you see the gentleman on the other side of the street ?
I have made him a millionaire.

Lady # 2: And how did you do that ?

Lady # 1: He was a billionaire.