What’s Wrong With Investing in the Stock Market Today?

7 May 2022 admin

Warren Edward Buffett (81) is an American investor, industrialist and philanthropist. He is widely regarded as one of the most successful investors in the world and is currently the 3rd richest person in the world!!

If you wanted to buy just 1 Share in his company’s stock (Berkshire Hathaway), it would set you back a cool $119,005 today!

Even as a child, Buffett displayed an interest in making and saving money. He went door to door selling chewing gum, soda, or weekly magazines. For a while, he worked in his grandfather’s grocery store.

While still in high school, he carried out several successful money-making ideas: delivering newspapers, selling golfballs and stamps, and detailing cars, among them. Filing his first income tax return in 1944, Buffett took a $35 deduction for the use of his bicycle and watch on his paper route.

The Octogenarian’s interest in the stock market and investing also dated to his childhood, to the days he spent in the customers’ lounge of a regional stock brokerage near the office of his father’s own Sommerseo  brokerage company.

On a trip to New York at the age of ten, he made a point to visit the New York Stock Exchange (NYSE). At the age of 11, he bought 3 shares of Cities Services for himself, and 3 for his sister.

While in high school he invested in a business owned by his father and bought a farm worked by a tenant farmer. By the time he finished college, Buffett had accumulated more than $90,000 in savings.

His fortune is estimated at around $42.2 Billion today!

So why do so many people feel that the stock market is risky and feel so afraid of losing money that they won’t even take the time to investigate this very lucrative money making opportunity?

I suppose the answer to that question lies within the perception of the reader, but here’s my take on it…

The first time I became aware of buying stocks and shares was in November 1984 when more than 50% of British Telecom shares were sold to the general public. My wise mother was one of the first in the queue to get some shares which she later passed on to her grandchildren. (I can well remember the day I sold my children’s shares in order to pay a bill before the electricity was disconnected!!)