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+--- Thread: Jack became wealthy because he bought stock at the right time, as the market started a boom. He has experience? (/thread-104436.html)
Jack became wealthy because he bought stock at the right time, as the market started a boom. He has experience? - bigfruit295 - 02-24-2014 10:28 PM
Jack became wealthy because he bought stock at the right time, as the market started a boom. He has experienced
1. proper returns
2. social mobility
3. return mobility
4. structural mobility.
5. horizontal mobility.
- broflik - 02-24-2014 10:30 PM
I would guess 1. To become wealthy he would need proper returns.
- John W - 02-24-2014 10:35 PM
good luck.
A true test of an investors experience is what he had planned to do should the market drop. In terms of sociology and economics, he's experienced social mobility.