Jack became wealthy because he bought stock at the right time, as the market started a boom. He has experience?

[bigfruit295]

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]

I would guess 1. To become wealthy he would need proper returns.

[John W]

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.