I never really sat back and thought how even someone like me factors into that equation. It's unfair to them that I could do that simply for having more than they do while they have to struggle and work to get that.
A single day for me being more than a month for them. I didn't do anything special to earn that while they sold their lives away for such an amount.
While I do my job someone else who does nothing probably generates my annual income in a week.
Most folks are socialized to be fearful of the market.
I had a realization last week. I was raised by my grandparents in South Los Angeles. My grandmother would sit in the living room, and watch the news. Every time I approached the door to leave she would stop me and point out the local news story about someone getting shot, robbed or hurt. Those experiences taught me how to see pass the fear mongering that drives local news.
However, it wasn’t until recently that I realized that the same fear monger is reflected in the stock market news. I had long learned to recognize the news tricks, but I did realize that they were doing the same things with the market news.
The news makes you think stocks are scary: “Dow drops 600 points on vaccine fears;” “The markets are rattled by the upcoming election: down 2%;” “Apple lost $2 billion last year. Stock could crater.”
If you don’t know anything, you don’t know that they are talking out their azz, and don’t have a clue as to why the market is moving downward. Besides, the daily fluctuations aren’t newsworthy. I guess it would be boring to lead with this daily: “The Fed-fueled bull market continues.”
