How to Make $1 Billion

Tuesday, December 17, 2013

Manchester United Executives David Gill (R), Joel Glazer (C, R) and Avram Glazer (C) with Ed Woodward prepare to ring the Opening Bell at the New York Stock Exchange on Aug. 10, 2012. (Ben Hider/Getty Images via NYSE Euronext)

2013 has been a good year for investors: Due to some combination of higher corporate earnings, stimulus money, and the optimism generated by the economy’s slow but steady recovery, all of the big indexes are up more than 20 percent for the year.

Not everyone has taken advantage of the soaring markets, though. According to a new poll from the Associated Press, just half of the American public noted the market's strong performance.

But if you were among those who did notice, and if you had the good luck to play the S&P 500 absolutely perfectly, it would’ve been possible to transform a $1,000 investment into hundreds of billions of dollars in returns.

How? David Yanofsky, reporter for Quartz, joins The Takeaway to explain.


David Yanofsky

Produced by:

Mythili Rao


T.J. Raphael

Comments [2]

Joe Henson from Dallas, TX

What your guest was describing is NOT investing on the stock market, it's "speculating," aka: gambling !! Investing is buying a stock in a company that you've researched & found to be a compamy that has a good product, good sales, good mgt, etc & you're going into it for a long term "investment." In my humble opinion, this is exactly the problem we have in this country ... make a quick buck ... who cares in there's any value (product, service) created for the common good.

Dec. 17 2013 12:46 PM
Larry Fisher from Brooklyn, N.Y.

If I had a thousand dollars to blow on the stock market, I'd go out and take my friends to eat a nice steak dinner at Peter Luger's...
My crystal ball on the stock market shattered a long time ago...

Sure, people became millionaires with the stock market even during the great depression:J. Paul Getty, Howard Hughes, and Joe Kennedy all became millionaires during the depression...but they had other things going on to round out their game.

Let's not forget that the depression hit hard right after many average Joe's started to invest in the market. A lot of regular people lost all their money.

One of my favorite books of all time is Nathanael West's "A Cool Million."
I might have to write the sequel,"A Cool Billion." It would continue the shattering of the American Dream.
What is the American Dream?

Dec. 17 2013 11:24 AM

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