Many consider the “first stock market,” to be established around the year 1530 in Belgium. There wasn’t any stock involved. It was actually a marketplace; a location where people gathered to transact goods, or do business.
By the 1600’s, the maritime countries began their long voyages to the East Indies. And in the most simplified terms, companies were created where investors contributed to these expensive and risky expeditions and shared in the profits, according to their contributions.
Then in 1790, with a desperate need to raise money to help fund the Revolutionary War bonds, Secretary of the Treasury, Alexander Hamilton fought for and, eventually, enabled anyone holding these government bonds to up-trade them for new stock. (NYSE-History)
Great fortunes were made on this deal. And according to many, the American stock exchange was born. Over time, public corporations also began raising money, by selling their own stock to the public, and as they say, the rest is history.
Though fortunes are still made in the stock market, it is NOT the ONLY way to WEALTH.
Diversifying investments within the stock market is not diversifying at all. You are putting all your eggs in one basket.
Real investment diversification is dividing your investments amongst asset classes like paper, precious metals, oil & gas, real estate, and insurance.
With the proper financial planning and diversification you can master your wealth and control your personal economy.
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