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If you’re worried about America’s slide as a global economic power, read this: One U.S. company is more valuable than the entire Russian stock market.
The map below compares the value of select U.S. companies with entire countries’ stock markets (by market cap).
Internet “plumbing” company Cisco is more valuable than every company… employing every private sector worker… in the entire Russian stock exchange.
And two U.S. companies combined—Google and Amazon—are the same size as China’s entire stock market… which services a domestic population of 1.3 billion.
Regular Daily readers know these numbers are another example of why we preach “Legacy” investing. The companies that make up the Legacy Portfolio are the strongest, safest businesses in the world. Their utter dominance—larger than entire countries’ stock markets—means unceasing cash flow and relentless dividend growth.
That’s why Legacy stocks are the safest, surest way to make a substantial fortune in the stock market.
To learn how Mark discovered the power of Legacy investing, read our next item…
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Recommended Link “My Wife Took Almost Everything”
When James Altucher got divorced in 2008, his wife took a huge cut of his savings. On top of that, he lost a fortune in the crash. He was so fed up, he started doing something completely different with his money… and since then, it’s helped him make over $3 million. |
