Thread by @TihoBrkan

1) I think this is bloody fantastic!

"According to brokerage giant Fidelity, a record number of their 401k account holders now have balances exceeding $1 million." — @sentimentrader

Now... Yes, we could all start a discussion about what this might mean for the stock market...

2) ...going forward from the contrarian's perspective. However, while there are PLENTY of risks in the stock market right now (or at any other point in time), I rather not get into these pointless discussions of predicting the future.

Instead, I feel a big congratulations is...

3) ...in store for more & more disciplined investors — who have been bombarded with negative, bearish, gloom & doom for half a decade at least.

In 2020 & beyond, my focus will continue towards financial independence advice & wisdom.

And I'm not here to sell you anything!

4) While there are many ways to skin the cat, as they say, it is important for you to choose a path with the least amount of risk & the highest probability of success.

Sure, some investors have made money speculating in cryptocurrencies, others trading long-duration bonds...

5) ...with huge margins, there are also stories of people making a fortune shorting companies as well as stock-picking penny stocks which turned into 100-baggers.

All of those stories, plus many more, make for great articles in the financial media. However, your chance of...

6) ...replicating their strategies & achieving a similar outcome is very minuscule.

Historically, for centuries, most success — with highest probability — has come from investing in income-producing businesses & real estate of quality that stands above the rest.

Keep it simple!

7) Achieving financial freedom & becoming a millionaire (the number or figure is actually not important) will not come from subscribing to some expensive newsletter, a bunch of interview content from gurus & experts, speculating or trading in & out of securities and buying any...

8) ...asset class other than the proven track record of owning quality companies & real estate — in particular the safe-haven assets these gurus shove down our throat every single day.

All of that stuff will just confuse you & create forced mistakes through your investment life.

9) If you can stay disciplined & stay the course.

If you can focus on the simple but extremely important things such as growing your income & reducing your expense.

If you invest only in quality assets, at reasonable prices without ever overpaying.

You will beat the 99%.