Time and a little luck. You'll get some picks wrong, but it only takes a handful of picks to be right and you'll do very well if you go very long. I don't like mutual funds, index funds, etc. I pick stocks and ride them either into the ground or to wealth. Tough to do though if you are a fearful person.
Kinda like doubling down on a bet when you've already lost a lot of money. Just like in golf, pay the safe shots; risky shots often lead to a ball in the rough or water.
You have to take on some risk at some point in time.
"You have to take on some risk at some point in time."
Yes, life comes with risk; the secret of any success is to control what you can (e.g., investment expenses) and diversify (braod based index funds win).
Remember Enron, a company that could only keep going up? Some put all they had on this winning horse and lost it all. Even when Enron went kaput, index fund investors felt barely a ripple.
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