Millionaire thru shares

[vla]

Does anyone have an inspiring story about how they became a millionaire thru shares?

 

[RichardC]

Most millionaires I know did it through business.

Every billionaire I've heard of has done it via business. Warren Buffett made a buisness of owning buisnesses by buying their shares.

Put your barrow back in the garden shed.

 

[vla]

Most millionaires I know did it through business.

Every billionaire I've heard of has done it via business. Warren Buffett made a buisness of owning buisnesses by buying their shares.

Put your barrow back in the garden shed.

That's what shares are. A share of a business.

 

[alexlee]

Contribute the max that you can into super. Buy share funds. Repeat for 40 years. That should get you to millionaire status, though personally I think there are better leveraged ways of building wealth.

 

[RichardC]

Alex, you seem unaware that Buffett buys large slices of listed companies, enough to became involved actively in their management and typically doesn't sell.

I'll stick with my assessment that he is a businessman, not a share trader.

I'll admit that when these guys I know sell out, the real estate they have bought to run their biz from, becomes a juwel when they lease it back to the new owners. Nice work if you can get it.

 

[vla]

One thing I've noticed is that big business would prefer to lease premises then own them. Look at banks they lend for real estate but own not many properties themselves even though they have the money to.

 

[alexlee]

Actually I think Buffett is an investor in the purest sense. He doesn't really OPERATE most of his businesses (except the insurance business), and he certainly doesn't trade shares. He is famous for letting the previous owners of 'his' businesses operate independently.

I believe that you can contribute, say, 25% of your income into your super fund for 40 years and become a millionaire purely through shares. Boring, but over time it's likely to work.

I also think you can do it faster by leveraging and using property in addition to shares.
Alex

 

[alexlee]

One thing I've noticed is that big business would prefer to lease premises then own them. Look at banks they lend for real estate but own not many properties themselves even though they have the money to.

Mainly because most businesses think their expertise is in operating the business, not property. Having said that, Harvey Norman is an interesting company in that it owns all its property and 'leases' out its business of retailing (franchises). Same with Mcdonalds, for example.
Alex

 

[RichardC]

One thing I've noticed is that big business would prefer to lease premises then own them. Look at banks they lend for real estate but own not many properties themselves even though they have the money to.

You're an argumentative little sod aren't you? My mates ain't big biz. I would have thought that was bleeding obvious.

A barrow only has one wheel. Why do you need multiple threads to push one?

 

[vla]

Actually I think Buffett is an investor in the purest sense. He doesn't really OPERATE most of his businesses (except the insurance business), and he certainly doesn't trade shares. He is famous for letting the previous owners of 'his' businesses operate independently.

I believe that you can contribute, say, 25% of your income into your super fund for 40 years and become a millionaire purely through shares. Boring, but over time it's likely to work.

I also think you can do it faster by leveraging and using property in addition to shares.
Alex

Buffet is the master of compounding period. The great sage equal to heaven.

 

[The Y-man]

Does anyone have an inspiring story about how they became a millionaire thru shares?

Why do you want to know?

Personally, I am not sure how much of my net worth came from shares....

Cheers,

The Y-man

 

[vla]

Why do you want to know?

Personally, I am not sure how much of my net worth came from shares....

Cheers,

The Y-man

I want to know to be inspired, to have dreams etc

 

[Sultan of Swing]

Mainly because most businesses think their expertise is in operating the business, not property. Having said that, Harvey Norman is an interesting company in that it owns all its property and 'leases' out its business of retailing (franchises). Same with Mcdonalds, for example.

Not quite true.

I know the two closest Harvey Norman stores to me are both leased and owned by locals. If I know of two, there are bound to be dozens more that Harvey Norman rent.

I'm being picky, I know...

PS Good one Thommo, lol.

 

[The Y-man]

One thing I've noticed is that big business would prefer to lease premises then own them. Look at banks they lend for real estate but own not many properties themselves even though they have the money to.

Yeah, it's great - I get some of the rent money

Cheers,

The Y-man

 

[saucy gibbon]

Harvey Norman do not own all of the property that it occupies, perhaps the majority (I do not know) but it aint all.

If you want to hear stories of ppl making millions through shares read Market Wizards.

 

[handyandy]

One thing I've noticed is that big business would prefer to lease premises then own them. Look at banks they lend for real estate but own not many properties themselves even though they have the money to.

Banks did use to own their premises and started selling them of in the late 80's early 90's as they recognised that their business was changing from running branches everywhere to having an automated presence, teller machines and online.

Cheers

 

[JIT]

vla, I'd also be interested in some stories of average people making millions in shares, BUT, I think the 'coffee lounge' of a property forum isn't the best place?!

There are many shares forums where you'll probably find the inspiration you're after.

GSJ

 

[Bill.L]

Hi all,

I think it is a very legitimate question posed by vla.

I personally know quite a few 'millionaires', I'm sure many on this forum do.

However, I do not know of any who made their money from shares. All the 'millionaires' I know made their money from owning a business(often starting it, sometimes inheriting it) or from property.

As GSJ states, this is a property forum, but there are many threads on shares/share funds and how they are the 'go' at present. But does anyone know a person who made their money from shares??? (not from starting a company and selling the shares!!, nor from funding a large part of it from property equity!!!)

bye

 

[Jamie]

You're an argumentative little sod aren't you? My mates ain't big biz. I would have thought that was bleeding obvious.

A barrow only has one wheel. Why do you need multiple threads to push one?

The thread topic was quite simple Thommo - Im not sure why you're having such a problem understanding it.

There are many forum members who have multi million dollar portfolios with one million plus in equity - they've become millionaires through property.

The question asked was "has anyone done the same through investing solely in shares"? You're a one eyed share investor with little interest in property, and yet you can't think of a single person who has created over a million dollars in equity solely through investing in shares. Is this correct?

As GSJ states, this is a property forum, but there are many threads on shares/share funds and how they are the 'go' at present. But does anyone know a person who made their money from shares??? (not from starting a company and selling the shares!!, nor from funding a large part of it from property equity!!!)

Well asked Bill. Can anyone answer in the affirmative?

Jamie.

 

[monoply]

Most people who make money from shares, arent about to run around bragging about it.

Cheers
mono