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All we have to do is buy the most brilliant FTSE 100 stocks there are. Never pick any losers, then just sit back and watch the cash rolling in.
Stay tuned, and next week I’ll tell you how to cure the world of all known diseases.
Oh, right, I’ll be serious. But there is an element of truth in what I suggest. At least as far as some people’s thoughts lead them when they start out.
Ask any inexperienced investor how to get rich from shares. And I’d bet a good few of them would say it’s all about finding the next big multibagger.
Not so easy
I’ve come across some who think it’s simple to do. And that they can easily avoid the obvious losers. I don’t know anyone who’s had any lasting success that way, though.
If we look at the world’s most successful investors, they all made their millions (and even billions) by slowly accumulating profits from long-term, successful companies.
