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Nice link Maurice. One fly in the ointment here. If poor feller was making minimum wage of $6.55 flipping burgers in '09 as the story goes, that's an annual income of $13,624. That assumes a 40 hour work week for 52 weeks, meaning never gets sick or takes a vacation. Let's also assume he paid no payroll tax or any local, state, or federal taxes. In Mich he'd still pay 6% sales tax on most purchases, further reducing his disposable income. Pray tell how he'd provide for food, shelter, clothing, transportation and health care and still have money left over to buy stocks on little more than $13,000?
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Let not forget that we, as investors, are taking all the risk. So even when the risk goes against the investor the brokers still collect their 1-2%.