Increase on the tax rates is the reason why people are not getting any real benefit since the government takes half of their earnings as capital gains taxes in developed countries. I just read the new proposal ta from Joe Biden to increase the tax rate, if it will becomes a law then all the investors who are having gains over million dollars need to pay upto 40% as long term capital gain tax.
What politicians do not seem to understand is that if a law is ridiculous, and this one is ridiculous as they want to take so much of the gains from the people that invested in the stock market when they took all the risk, then people are going to adjust their behavior accordingly, this means that trading will suffer a setback but long term holding will flourish and everyone will look for good assets to invest and never sell.
Topic: No new millionaires come from stock market in 2020/2021 (Read 636 times)
That's an impossible thing to claim, a lot of money is circulating in the stock market and there is no such thing as no new millionaires in there because they produce them everyday, we just don't know it yet. Also OP, if you are trying to make crypto market look good by saying there's no new millionaire in stock market, I think that you have failed miserably.
Well.. there was this statistic that I read in one of the mainstream media portals. Stock market capitalization increased by $15 trillion in the last 12 months. Stocks listed in the New York Stock Exchange (NYSE) alone increased by $9 trillion in valuation. And then we have a few idiots who claim that no new millionaires have come from the stick market. How many billionaires and millionaires would have come from this $15 trillion? For heaven's sake this amount represents 5% of the global wealth. It is simply huge.
That's an impossible thing to claim, a lot of money is circulating in the stock market and there is no such thing as no new millionaires in there because they produce them everyday, we just don't know it yet. Also OP, if you are trying to make crypto market look good by saying there's no new millionaire in stock market, I think that you have failed miserably.
The stock market is a totally different market, besides that important movements always occur every 8 or 10 years, it is the way that it moves the most, now well compared to the Crypto or BTC market, it is very different, in fact there is no correlation Some, neither in the short nor in the long term, the fact that there are no new millionaires is because at the moment globally the covid-19 is still on the rise, and this is a fundamental that it has had since 2020, and somehow causes panic to investors.
It is known that the great fundamentals cause panic and massive sales in the financial markets, for now it has remained in a tenuous calm but at any moment a good movement can occur, this market is unpredictable at times, it does not have volatility like BTC but it can give surprises.
That's an impossible thing to claim, a lot of money is circulating in the stock market and there is no such thing as no new millionaires in there because they produce them everyday, we just don't know it yet. Also OP, if you are trying to make crypto market look good by saying there's no new millionaire in stock market, I think that you have failed miserably.
Increase on the tax rates is the reason why people are not getting any real benefit since the government takes half of their earnings as capital gains taxes in developed countries. I just read the new proposal ta from Joe Biden to increase the tax rate, if it will becomes a law then all the investors who are having gains over million dollars need to pay upto 40% as long term capital gain tax.
What politicians do not seem to understand is that if a law is ridiculous, and this one is ridiculous as they want to take so much of the gains from the people that invested in the stock market when they took all the risk, then people are going to adjust their behavior accordingly, this means that trading will suffer a setback but long term holding will flourish and everyone will look for good assets to invest and never sell.Increase on the tax rates is the reason why people are not getting any real benefit since the government takes half of their earnings as capital gains taxes in developed countries. I just read the new proposal ta from Joe Biden to increase the tax rate, if it will becomes a law then all the investors who are having gains over million dollars need to pay upto 40% as long term capital gain tax.
What politicians do not seem to understand is that if a law is ridiculous, and this one is ridiculous as they want to take so much of the gains from the people that invested in the stock market when they took all the risk, then people are going to adjust their behavior accordingly, this means that trading will suffer a setback but long term holding will flourish and everyone will look for good assets to invest and never sell. Jfc, all of the responses in this post are demonstrably wrong. 'No millionaires in the stock market' is such an obviously dumb and self-defeating statement it doesn't even require proof, just to point out how wrong it is because you have to be an idiot to believe otherwise. 'Tesla and Amazon don't make anyone money except the founders' is the same type of obviously self-defeating statement. It's obvious you don't know anything about the stock market and just want to circle jerk to crypto, so good luck being taken seriously. 'Wah wah, everything is rigged except crypto.' You're a clown.
ROFL. Had to agree with every single word posted by jaysabi, because the OP put up such an idiotic claim. A few weeks back, Coinbase was listed in NASDAQ. That created around $60 billion in new wealth and many of the promoters instantly became billionaires. Brian Armstrong (the CEO of Coinbase) sold stocks worth $292 million during the initial hours of listing. And remember that Coinbase was one of the hundreds of IPOs to get listed in NASDAQ so far this year. I agree with you. SaiyanSS3 is indeed a clown.
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>Stock market is a different gamble compared to crypto market. One can be a millionaire within just a few months through great timing and proper holding in crypto
that’s exactly happening, dogecoin are making a few millionaires which is indisputable, none can be said with stock market
>while in the stock market, their fortune would rely on many people first before the stock rises. Considering the occurence of the pandemic, the stock market went down real hard ever since and many people took the opportunity to buy stocks while it is still low. If ever things get better for the world in the next few months or years, those who handled their stocks well can be millionaire easily in just a matter of short span of time.
if there is one entity who get rich from stock market, I’d said it’s the central bank who buy up every out of money stock market from the open market, individual investor, they couldn’t buy anything with the stimulus check given to them which is just too little to make any sense. Central bank buying up the stock market do not make any new millionaire in the process, because central bank is not a living creature, they are a company.
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>do not know what could have made the OP think that something like this is remotely possible, yes this market is getting more popular by the day and that is great thing but that does not mean the stock market is not going to keep helping people make money,
is it not too obvious to tell many companies going out of business recently? They’re not making millions but they’re going broke, going to zero, going to make a lot of poor people since many people loss their jobs.
>in fact one of the reasons this bull market went so high and lasted for so long has to do with institutional investors which come from the stock market, so it is obvious both markets are reinforcing each other and I think this is going to continue for a long time.
they are moving out from stock market because they have given up on making profit, isn’t it very obvious??
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>In a season like this, I would assume that there would be some new millionaires made from this. There has been a good amount of stocks that made a good amount of profit during this period,
I’m still waiting for new millionaires created and their inspiring story of how they made it from zero to hero during this pandemic, I hope it is not just a make up joke to mock clueless investor.
>tesla and amazon comes to mind as the most big earners but I am sure there has to be some big pharma companies that made a lot of money as well.
who is the millionaire that come from investing in Tesla and amazon? I think they’re only making billionaire richer, which is a rigged outcome, rigging to make the billionaires richer but not creating new millionaires in the foul play, isn’t it obvious?
>This is why I think it is going to be really cool to see who made how much but we are talking about few hundred thousand dollars turning into over a million dollars thanks to stock increases in most of the big names.
there is none of them, nobody is talking about the recent bull run.
>Surely there has been a ton of companies like airlines for example that didn't made any profit at all and that is why I do not think that it would make a difference, some lost some money and some earned some money and there were few that lost almost everything and some lost everything they owned.
too many businesses are going broke, it clearly doesn’t create any new millionaires, making billionaire richer in a rigged manner, is not how a new millionaire is created, new millionaire don’t come from rigged market.
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>Other than that, it's hard to be a new millionaire since the price doesn't went up that drastically now.
>Unlike before, when bitcoin is like... really low then suddenly went as high as it can, and many people forgetting about their coins too, which made them become millionaire without even realizing, or without any effort.
this is exactly how new millionaires are created, without rigging the market. You can’t said the same for stock market, which is obviously rigged, rigged to make no new millionaires in the process.
>But now, things change. I guess when the price skyrocketed back in january through march, it might be possible that new millionaire might appear, since the price was really crazy. However, it will be less likely than few years ago.
there is new millionaires made from dogecoin, I believe some from nft too.
>Stock market is a different gamble compared to crypto market. One can be a millionaire within just a few months through great timing and proper holding in crypto
that’s exactly happening, dogecoin are making a few millionaires which is indisputable, none can be said with stock market
>while in the stock market, their fortune would rely on many people first before the stock rises. Considering the occurence of the pandemic, the stock market went down real hard ever since and many people took the opportunity to buy stocks while it is still low. If ever things get better for the world in the next few months or years, those who handled their stocks well can be millionaire easily in just a matter of short span of time.
if there is one entity who get rich from stock market, I’d said it’s the central bank who buy up every out of money stock market from the open market, individual investor, they couldn’t buy anything with the stimulus check given to them which is just too little to make any sense. Central bank buying up the stock market do not make any new millionaire in the process, because central bank is not a living creature, they are a company.
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>do not know what could have made the OP think that something like this is remotely possible, yes this market is getting more popular by the day and that is great thing but that does not mean the stock market is not going to keep helping people make money,
is it not too obvious to tell many companies going out of business recently? They’re not making millions but they’re going broke, going to zero, going to make a lot of poor people since many people loss their jobs.
>in fact one of the reasons this bull market went so high and lasted for so long has to do with institutional investors which come from the stock market, so it is obvious both markets are reinforcing each other and I think this is going to continue for a long time.
they are moving out from stock market because they have given up on making profit, isn’t it very obvious??
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>In a season like this, I would assume that there would be some new millionaires made from this. There has been a good amount of stocks that made a good amount of profit during this period,
I’m still waiting for new millionaires created and their inspiring story of how they made it from zero to hero during this pandemic, I hope it is not just a make up joke to mock clueless investor.
>tesla and amazon comes to mind as the most big earners but I am sure there has to be some big pharma companies that made a lot of money as well.
who is the millionaire that come from investing in Tesla and amazon? I think they’re only making billionaire richer, which is a rigged outcome, rigging to make the billionaires richer but not creating new millionaires in the foul play, isn’t it obvious?
>This is why I think it is going to be really cool to see who made how much but we are talking about few hundred thousand dollars turning into over a million dollars thanks to stock increases in most of the big names.
there is none of them, nobody is talking about the recent bull run.
>Surely there has been a ton of companies like airlines for example that didn't made any profit at all and that is why I do not think that it would make a difference, some lost some money and some earned some money and there were few that lost almost everything and some lost everything they owned.
too many businesses are going broke, it clearly doesn’t create any new millionaires, making billionaire richer in a rigged manner, is not how a new millionaire is created, new millionaire don’t come from rigged market.
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>Other than that, it's hard to be a new millionaire since the price doesn't went up that drastically now.
>Unlike before, when bitcoin is like... really low then suddenly went as high as it can, and many people forgetting about their coins too, which made them become millionaire without even realizing, or without any effort.
this is exactly how new millionaires are created, without rigging the market. You can’t said the same for stock market, which is obviously rigged, rigged to make no new millionaires in the process.
>But now, things change. I guess when the price skyrocketed back in january through march, it might be possible that new millionaire might appear, since the price was really crazy. However, it will be less likely than few years ago.
there is new millionaires made from dogecoin, I believe some from nft too.
Jfc, all of the responses in this post are demonstrably wrong. 'No millionaires in the stock market' is such an obviously dumb and self-defeating statement it doesn't even require proof, just to point out how wrong it is because you have to be an idiot to believe otherwise. 'Tesla and Amazon don't make anyone money except the founders' is the same type of obviously self-defeating statement. It's obvious you don't know anything about the stock market and just want to circle jerk to crypto, so good luck being taken seriously. 'Wah wah, everything is rigged except crypto.' You're a clown.
Increase on the tax rates is the reason why people are not getting any real benefit since the government takes half of their earnings as capital gains taxes in developed countries. I just read the new proposal ta from Joe Biden to increase the tax rate, if it will becomes a law then all the investors who are having gains over million dollars need to pay upto 40% as long term capital gain tax.
Just don't disclose with possibilities since maybe for now you cannot see a new millionaires in stocks due to regulation and pandemic but I'm confident that if the market stabilize and the economy will be back on shape for sure there are happy stock traders will earn richest from it again.
I agree, I have same opinion about that. There are some millionaires that didn’t want to know them in public due to regulation. Justin Sun already purchased other cryptocurrency beside than his creation. I think they still want to stick to stock market rather than crypto market due to its volatile. It’s understandable due to some countries didn’t allow crypto and other are being partnership already to altcoins that they can merge with there existing companies. It doesn't matter whether stocks will generate more millionaires or it's the cryptocurrencies. But no bias, I'm more with cryptocurrencies and I'm more confident with its volatility rather than the 2%-5% of a week-month move of the stocks.
I've seen stocks experts are also have merged their expertise in cryptocurrencies and they're already trading it too. Well, a consolidation of their skills through stocks have been used to the crypto market and that's an advantage that they've got which they can apply through crypto.
What happens is that compared to the stock market the market of cryptocurrencies is way smaller and as such it has more potential to grow even further, however that does not mean there are not good opportunities in the stock market too, there are stocks that are called penny stocks that are incredibly volatile and that present similar characteristics to the ones we see in new coins, many of those companies fail but there are a few that eventually become successful and experiment tremendous growth. I've seen stocks experts are also have merged their expertise in cryptocurrencies and they're already trading it too. Well, a consolidation of their skills through stocks have been used to the crypto market and that's an advantage that they've got which they can apply through crypto.
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Although I cannot provide evidence that anyone in this forum has become a millionaire because of the help of this forum. However, I am sure that some people have become millionaire after getting information from this forum about cryptocurrency. But not from bounties or airdrops, whose pay is
very low. The possibility of people becoming millionaires in the crypto world, usually from trading and investing. What is certain is that if trading relying
on signals from other people will not be a millionaire, become a millionaire from crypto trading can be achieved if trading using our own analytical skills.
I've caught the point you want to say, because the stock market in a pandemic situation is affected like other assets as well. But Bitcoin since
the halving in 2020 has continued to rise in price, only when the pandemic outbreak was affected. After it started to recover slowly, and finally
peaked in 2021, Bitcoin surprisingly managed to hit the ATH price of $65k. This proves that Bitcoin is not affected by the pandemic that occurred,
because in a pandemic situation the prices of all assets fell except Bitcoin. So it's very natural that there are no new millionaires from the stock
market since the pandemic situation, but in 2021 it is very likely that many millionaires will emerge from investing in Bitcoin.
I think that the covid situation has made a lot harder for poeple and investors to make any financial decisons without thinking twice before doing it, and the stock market is a risky busniess so it is no wonder that you wouldn't see any crazy amounts of moeny being dumped into it, and i feel like these past 2 years have opned the eyes of the investors into the digital and crypto market more and seeing how much potential and how profitable it is and i am sure that we will see more of the stock investors slowly migrate into this market .
For the last few years, the governments around the world have indulged in various big spending plans and this has in general resulted in more money at the hands of people. Now this surplus cash is being used to pump the stock market. If you look at how the P/E ratios have changed over the last decade or so, then you will get to know this. And the impact is not just visible in the stock market, but also in other sectors such as real estate. And the stimulus measures announced against COVID 19 will further exacerbate this issue.
There can still be millionaires in the current stock market. It all comes down to if we are willing to take the risks or not. You are right that the unregulated stock market usually had higher returns, but we have a lot of new financial instruments in today's world. You can get deep outside of the money stock options for a few cents and if you get lucky that the stock moves heavily then options will become very valuable. Making a few hundred percent profit in options is possible.
There has been a ton of millionaires during this GME stuff, I heard that they are getting into NFT stuff of the crypto world as well and I am sure they will make a ton of money from that as well.Gamestop thing that wallstreetbets on reddit started was something that made a ton of people richer, the price per stock should have been under 3 dollars for the shorting to work, it didn't really work for the wealthy people for the first time ever, we used to protest these super wealthy people with signs and so forth, instead of that all we had to do was just buy their stocks that they shorted and we could make them poorer that way and they would basically be doing worse that way, who cares what happens to them right? Well they would eventually listen to us and check themselves because if they keep it up, people could keep buying stuff they short and eventually they would not be able to short anything at all.
There won’t be any new millionaire born in stock market
It would be the norm for the 2022, 2023, 2024, ... to eternity
Because stock market is highly regulated
All the millionaires are made from the unregulated stock market is now all dead.
Those clueless billionaires think they can regulate all they want and they dislike gamblers who could do harm to stock market, they’re thinking they don’t need us to help making them the richest man, I think they’re so dumb they’re no coiner and actually is very poor.
Yes, fiat would be used to continue to probe up all blue chip, those are making the rich people richer but not create new millionaires in the foul play, without new millionaires born from stock market every now, the hype on getting rich from stock market would die,
Stop believing those ads telling you can generate passive income investing in Amazon blue chip for as little as $300, those are the ads to make the rich people even richer.
It really shows through how little you know about stocks yet claim to be an expert - GAMESTOP and AMC have made many people much richer this year. One Goldman sachs banker made millions from owning GAMESTOP shares and selling at the right time. I wonder how many people have lost millions since that price of Bitcoin has cut in half. It's laughable that you classify "regulated" with "unable to make a profit", it is the very thing that makes investment banks billions a year in profits - taking from naive investors without a plan. The long term thinker can easily make great returns when they understand how the market will be changed in 3 months, not how much they can make in 3 minutes. Every day there is opportunity in the market and a new company could be forming into the next Microsoft, Tesla, Ebay, Telegram or any number of fields. They will make some people money, but not you.
I think that the covid situation has made a lot harder for poeple and investors to make any financial decisons without thinking twice before doing it, and the stock market is a risky busniess so it is no wonder that you wouldn't see any crazy amounts of moeny being dumped into it, and i feel like these past 2 years have opned the eyes of the investors into the digital and crypto market more and seeing how much potential and how profitable it is and i am sure that we will see more of the stock investors slowly migrate into this market .
There can still be millionaires in the current stock market. It all comes down to if we are willing to take the risks or not. You are right that the unregulated stock market usually had higher returns, but we have a lot of new financial instruments in today's world. You can get deep outside of the money stock options for a few cents and if you get lucky that the stock moves heavily then options will become very valuable. Making a few hundred percent profit in options is possible.
But it takes a lot of money and a pretty crazy luck for a simple guy that trades with only a thousand dollars to be a millionaire, most of the people who becomes a millionaire in the stock markets are start ups that are being funded by venture capitalists that only grows in funding as long as they are growing.Stock market in general did went up a lot this year, but also remember how low it got as well. I do agree that if you invested smart then you made a great deal of profit, look at just amazon and how awesome it is doing, that is a smart business because when people are in lockdown they order stuff from amazon instead of going out to buy them, simple as that. However what if you were invested in an airline business? I mean they were all grounded and couldn't fly and that is the proof that you would lose a ton of money.
Stock market and crypto market is different, in stock market you have great stocks and horrible stocks, in crypto unless you buy some shitcoin, the top 50 or even top 100 all go up together and go down together, rarely you see anything that acts all of its own the other way around, so if you are invested in crypto, you could potentially feel safer.
Stock market and crypto market is different, in stock market you have great stocks and horrible stocks, in crypto unless you buy some shitcoin, the top 50 or even top 100 all go up together and go down together, rarely you see anything that acts all of its own the other way around, so if you are invested in crypto, you could potentially feel safer.
I would think twice before saying that cryptocurrency market is safer when compared to the stock market. This year was an exceptionally rewarding one for cryptocurrency investors. But that doesn't mean that things will remain the same in the near future. The potential returns are much higher in the cryptocurrency market. You won't get 100x or 200x returns in 12 months, if you invest in any stock (you need to be a venture capitalist, to have that possibility). That is possible, however with cryptocurrency. But at the same time, the chance that your investment may go down by 95% in a few months is also greater with the cryptos (it actually happened, in 2018).
There can still be millionaires in the current stock market. It all comes down to if we are willing to take the risks or not. You are right that the unregulated stock market usually had higher returns, but we have a lot of new financial instruments in today's world. You can get deep outside of the money stock options for a few cents and if you get lucky that the stock moves heavily then options will become very valuable. Making a few hundred percent profit in options is possible.
But it takes a lot of money and a pretty crazy luck for a simple guy that trades with only a thousand dollars to be a millionaire, most of the people who becomes a millionaire in the stock markets are start ups that are being funded by venture capitalists that only grows in funding as long as they are growing. 
In my opinion, the above view is wrong because the stock market has witnessed a rapid increase in value in technology stocks during the pandemic such as TESLA, ZOOM, APPLE, GOOGLE and the face mask sector. So there will be people who already own them and get rich from the above stocks.
Yes. OP has posted completely wrong information. For example, TSLA has given 700% returns ever since March 2020. Many of the smaller tech stocks have given anywhere from 5x to 10x returns. The NASDAQ market capitalization increased by more than 100% during the same period, resulting in an increase in wealth to the tune of $1.4 trillion for those who were holding the various stocks. While it is good to promote Bitcoin, it is not necessary to badmouth other sectors, especially if backed up with fake information and propaganda. Stock market and crypto market is different, in stock market you have great stocks and horrible stocks, in crypto unless you buy some shitcoin, the top 50 or even top 100 all go up together and go down together, rarely you see anything that acts all of its own the other way around, so if you are invested in crypto, you could potentially feel safer.
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