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Lesson 1. Confronting Your Fear of Stocks > Stocks Are Only for Millionaires
Stocks Are Only for Millionaires
The belief that stocks are only for millionaires is probably the most common reason why people avoid the stock market. There is a circular train of thought that says that the reason people believe that stocks are only for millionaires is because everyone who buys stocks eventually becomes a millionaire. If only this were true … the reality, however, is substantially different. This impression is probably based on the numbers bandied about in the financial markets.
Initial investments in mutual funds currently average $2,500.
Minimum purchases of municipal bonds can total thousands of dollars.
A hundred shares of Coca-Cola would cost about $4,400 right now.
