This Investing Strategy Beats "Get Rich Quick" Any Day

This Investing Strategy Beats "Get Rich Quick" Any Day

Get-rich-quick schemes can absolutely work. They're the crazy stories you hear about on the news where someone poured all their life's savings into a penny stock or a shiny new crypto and woke up one morning to find out they were millionaires. It happens -- but the odds of it happening to you are probably about the same as the odds of you winning the lottery. Rather than trying to race your way into the ranks of the rich, why not take your time and try a slower but surer path to the wealth you want? Get-rich-quick schemes are usually built around the idea that you have to take a big risk to earn a big reward. But the problem with big risks is that they don't pan out for most people. There simply have to be some losers in order for others to win, and there isn't an easy way to ensure you're one of the lucky few. Let's look at an investing example. Let's say you spent $50,000 to buy 5,555 shares of AMC (NYSE: AMC) on May …
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