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Originally Posted by DAVES
Things have changed dramatically recently. Commission free trades are readily available.
Long gone is where you need to trade in lots of 100 shares to get the best price. Also, gone for most people are pensions replaced by IRAs, Roth IRAS, 401Ks, 403Bs, I'm sure I missed some.
Would all be rich? In a stock fund, or etf, the broker makes a percentage of the money in the fund. It is the same percentage whether you the investor make money or not.
Far as RICH. Does anyone but me remember that show THE MILLIONARE? The plot was there was an anonymous philanthropist who would give a million to some worthy person and they were set for life. Today, they would take tax out of it at the highest tax rate and what was left, you could buy a home.
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The Millionaire was a great show. As I recall, they always said that the guy giving the money paid any taxes due, so the money was not taxable to the recipient. But, the actual income tax rates in the 1950's, when the show aired, were much higher at the million dollar income level than they are today. Although, gifted money is not taxable income anyway. Also, the decision to give money to someone was not based on the recipient of the money being worthy or in need of the money.