Investing only for the rich? Think again

[meanwords]

I think the problem here is that the majority of people wasn't taught how to handle finance and investment. Our school doesn't do that which is why most are ignorant in this topic and thus created the mentality of "Investing is only for the rich". Imagine, rich people have the access to every resources they want and they are taught how to handle finance at a young age to preserve wealth.

Anyway, I think that mentality is starting to go away because we are at the era of information where resources are everywhere.

[Darker45]

I aim to contribute to a general financial education for the members of this forum (some could actually teach me, many are clueless).

Myth: Only the rich can invest in the best business.

Reality: Anyone in most countries can invest in great companies and great assets from almost any amount.

I aim to contribute to the general awareness of reality to the members of this forum (some could actually correct me if I'm wrong, many are out of touch of the grim reality of this world).

Myth: Anyone in most countries can invest in great companies and great assets from almost any amount.

Reality: Only the rich can invest in the best business.

I'm living in a country where the majority are poor, some decent some not. Majority of the countries in the world are not as rich as the US. The US, therefore, cannot be made the standard of what's actually going on in the world.

Correct me if I'm wrong but there are actually homeless people in the US who own cars and the latest mobile phones. The poor in most countries do not even know what index funds are. For goodness' sake, they do not even know where to find their next meal.

[Kong Hey Pakboy]

In today's age of information technology everything is advanced but the poor have no idea about investing to be deprived of everything compared to the rich in fact there is no difference between rich and poor to invest.

That is the main reason that poor people stay poor, they are not granted any opportunity in any way so yeah, I think that in a way investing is only for the rich and the ones lucky enough to have the opportunity to know about bitcoin.

[bitzizzix]

In my opinion, investment belongs to everyone regardless of differences, and what distinguishes only circumstances and fate.
The rich are supported with conditions that are able to invest large amounts of money and will earn large profits.
and ordinary people can only invest a small amount and will get a profit as much as their capital, and I think both of them have sufficient knowledge and intelligence in investing, and only the difference in income they get.

those who invest, on average, have sufficient knowledge and intelligence that only circumstances and fate can tell the difference.

[iamsheikhadil]

Yes, anyone can invest, but the thing is hugely rich people invest their amount to become richer without compromising their current life-style while many of us who are like middle class sometime cut-off our lifestyle to save for a future which isn't even certain, hence once I believed in long term investments but now I kinda think, it's useless, if we meet all our necessities and the fun we want in life in our current salaries/income and after that if some funds are still left, maybe I'll invest that for profits, but sacrificing funds for pizzas, a nice trip, a fancy phone to invest for emergency when I turn 60 isn't ideal. Not saying it's bad to invest, but I think the huge trend nowadays for investments importance is kinda filled with flaws. 

[iv4n]

There are even funds out there that will let you invest from 10 USD or Euros.  

Am I the only one who thinks about the wolf of Wall Street after reading this sentence?

Jordan Belfort went to jail for securities fraud and money laundering. Belfort founded Stratton Oakmont which marketed penny stocks and defrauded investors with the pump and dump schemes.

I think the problem here is that the majority of people wasn't taught how to handle finance and investment. Our school doesn't do that which is why most are ignorant in this topic and thus created the mentality of "Investing is only for the rich". Imagine, rich people have the access to every resources they want and they are taught how to handle finance at a young age to preserve wealth.

Anyway, I think that mentality is starting to go away because we are at the era of information where resources are everywhere.

I really like your comment "meanwords"! I think you hit the point with your comment! In the end, everything comes down to education, learning... and later practicing what you have learned! Rich people get that from an early age, they look at their parents and their circle of friends, where most of them are rich and have companies... they have the opportunity to start with investing earlier... all that is an experience!
Mentality... that is a strong word! And I can't agree more that times are changing, and I am sure in the era of information things are totally different! Can anyone deny the role of the internet and crypto in these changes?

[AniviaBtc]

I doubt that, anyone can be an investor depending on his ability to manage and make his asset grow in the market.

His success also depends on the amount of capital that he can invest on the market. We also need to understand that there are a lot of opportunities that we can grab no matter if we are rich or poor. Investing is only effective if an investor is willing and courageous to take risks in the market.

Always remember that never stop looking for something profitable to make you secure your future.

[crwth]

If you think about it, most of us here, as members of Bitcointalk, are already investors. The asset is crypto-related. Anyway, if you are going to be thinking about investing as a whole, it's pretty simple to don't check it from time to time but as a long-term HODL for the asset. Usually, we feel the urge to see it every minute, but it's the view from the long term that will make you win in this investing thing.

In terms of being rich and in poverty. The money that you can invest will differ if it's a matter of life and death. Those who cannot afford to invest will make sure to feed their families first instead of owning a stock certificate.

This is targeted towards the middle-class who can invest extra money, not those who need it the most.

[kolbalish]

Think !!!!
Not everyone's notions and ideas are the same. The thoughts of many may come close but most are unique. My thoughts on the above are very tiny. Online investment in this cryptocurrency is for everyone. It's not only for the rich. And since the identity is concealed here, it is not apparent to say who is rich and who is poor. Yes, we have to concede that rich people can invest in any proportion at any time because of their financial well-being. And even if they lose, it is not plausible to be a difficulty. But in the case of the rest, the matter is entirely incompatible. However, it cannot be asserted that investment isn't only for the rich.

[Ipwich]

Investing isn't for the rich only, sure they have some first-hand info where or whom to invest. But for most people are still learning and starting from scratch on how or when to invest. Investing is free for all ages as long as you have that guts and knowleldge.

Once you start investing, be ready to embrace the ups and downs on the road but make sure it's an asset that will worth something in the near future.

[michellee]

People who invest always want to make money and become rich. But the problem is they are not getting the right investment which can help them to make money. Just imagine if you can invest in bitcoin from a long time ago and hold your bitcoin and only sell your bitcoin at now, you must be a rich person in your town. And I am sure that can attract many people to become curious and want to know how you did that because bitcoin is a new thing for them. The investment is not just for the rich people but it is also for all people who want to change their lives and know the risk of that investment.

[Mauser]

Investing isn't for the rich only, sure they have some first-hand info where or whom to invest. But for most people are still learning and starting from scratch on how or when to invest. Investing is free for all ages as long as you have that guts and knowleldge.

Once you start investing, be ready to embrace the ups and downs on the road but make sure it's an asset that will worth something in the near future.

I agree with you, investing is for everybody who is willing to invest the time and learn and is saving money to do so. What the rich people can teach is us that we need investing to become rich, and once we are rich we need to keep investing to stay rich. Leaving all the money in an savings account is not an option. The same goes for just saving money in an savings account, we won't get enough interest to cover the inflation rate at the moment. The only real way is to start investing.

[adzino]

You are correct. Anyone who thinks that investment is only for the rich is wrong. Anyone can invest. The rich, the poor and middle class, everyone! It is only that you have to me smart when investing. You have $10 spare per month? Invest with those $10 in potential stocks or cryptocurrencies. Look at the price of bitcoin 10 years ago and look at the price now. A poor person who has invested around $10 a decade ago is now living a life that is free from any financial sufferings.
The problem is, when it comes to crypto, people think that they have to own whole coins. No you don't. You can always invest in fractions!

[ultrloa]

Investing isn't for the rich only, sure they have some first-hand info where or whom to invest. But for most people are still learning and starting from scratch on how or when to invest. Investing is free for all ages as long as you have that guts and knowleldge.

Once you start investing, be ready to embrace the ups and downs on the road but make sure it's an asset that will worth something in the near future.

I agree with you, investing is for everybody who is willing to invest the time and learn and is saving money to do so. What the rich people can teach is us that we need investing to become rich, and once we are rich we need to keep investing to stay rich. Leaving all the money in an savings account is not an option. The same goes for just saving money in an savings account, we won't get enough interest to cover the inflation rate at the moment. The only real way is to start investing.

Maybe people think about they not earning good returns when they invest since they only have small amount on their pocket, this mindset is totally not good since if we always do this we will be poor forever unlike those people who's willing to risk on good investment option where they can roll out their capital until it became more bigger that they didn't imagine. So people should imagine that scenario since if they think savings only there's nothing will happen in there life and if emergency cames all what they save will gone.

[galestorm]

We need to dispel the one big misconception that investing is only for the rich. I guess people are fixated on the "amount" of money that they put in investing, of course if a rich individual were to invest 1000 dollars, and there is a 20% increase, this will be multiplied in numbers greater than what he/she invested, which is 1,200 dollars. However, let's say a middle class man who can only invest 300 dollars with a 20% increase, he/she will receive 360 dollars. Yes the rich had the most, but what's important is the progress. At least both of them earned greater than what they invested. Another tip is to pick the right company or corporation that you want to invest in.

[mu_enrico]

I think OP missed the point about "investment only for rich" things. It's not completely wrong since there is a story behind it.
If you invest passively anywhere and it doesn't matter whether it's gold, stocks, bonds, etc. (except for BTC early days), your average ROI will still be extremely low compared to working actively with your capital. Because of low ROI, you need a bigger investment to be meaningful, or you can go on a different path and use your money to start a business since it will yield a higher ROI.

[stompix]

Myth: Only the rich can invest in the best business.
Reality: Anyone in most countries can invest in great companies and great assets from almost any amount.

IF they have money!
So it's more like the rich and the middle class in some countries can invest.
How many people in the world afford to invest if we exclude the top countries by average wealth and purchasing power?

A poor person who has invested around $10 a decade ago is now living a life that is free from any financial sufferings.

But I've yet to stumble upon a poor person who 10 years ago had internet access, a computer, and 10$ to invest and he chose BTC
Do you have an example? 

We need to dispel the one big misconception that investing is only for the rich. I guess people are fixated on the "amount" of money that they put in investing, of course if a rich individual were to invest 1000 dollars, and there is a 20% increase, this will be multiplied in numbers greater than what he/she invested, which is 1,200 dollars. However, let's say a middle class man who can only invest 300 dollars with a 20% increase, he/she will receive 360 dollars. Yes the rich had the most, but what's important is the progress.

Oversimplifying things, a rich guy would have a million and the poor guy 100. The rich will earn enough to buy two Mercedes, the poor enough for a soda can.

Let me show you the difference between two people living in the same city but one making twice as much, let's pick 1500 and 3000 euros the representative brackets around here. Beware I'm rounding numbers to keep the math simple.

You have rent 300, basic bills stuff as cable, heating, electricity, passes, that would go around another 300, the basic food, you can do it easily with 10 euros a day, that's another 300, and some let's say emergency stuff that needs 100, let's add now the clothes, dinners, some money for having some fun to make your life worth living up to 200.
After that one guy is left with 300, the other with 1800 to invest, see the difference? It's six times not two!
If we drop the income of the first guy to 1000 he will need to cut expenses to survive, let alone invest, the rich will just pile up more income each year from the money he makes extra.

On one side what is left to invest will barely mitigate inflation, on the other side it will double in a few years his spending budget.
We live in a world that sometimes is really cruel, progress might still be progress in a few cases but a tortoise will never win the race.

[oHnK]

I think OP missed the point about "investment only for rich" things. It's not completely wrong since there is a story behind it.
If you invest passively anywhere and it doesn't matter whether it's gold, stocks, bonds, etc. (except for BTC early days), your average ROI will still be extremely low compared to working actively with your capital. Because of low ROI, you need a bigger investment to be meaningful, or you can go on a different path and use your money to start a business since it will yield a higher ROI.

When talking about ROI, I agree that with a small investment capital, the ROI will also be small.  But taking that other path also doesn't guarantee a higher ROI.  Because other types of investment, say real investment, the risk received is much higher than the investment in general.  Basically investing with a fixed $ 10 will yield a small return when compared to $ 1000.  Only rich people can only raise their standard of living in this capitalist economic system.  That's why, I think Bitcoin was created against the paradigm of earlier economists.

[Zilon]

It all depends on how you define it but for me I believe I investment is for all not minding your financial ability. Starting right where you are with what you have is always key to making massive returns. Although capital determines how massive your ROI would likely turn out to but consistency with little or low capital over time would grow into massive capital that inturn yield massive ROI. I try no to discourage people who have big dreams with the ability of starting small. Dedication is all that matters

[Fesatmas]

Anyone can invest.  This is true because the cryptocurrency market allows and encourages it.  Crypto is completely different from real estate, open oil or gold, in that you have a mountain of money or wealth to dare to plan an investment.  Cryptocurrency is a new industry, everything is cheap and highly profitable, dream!  But there is one thing that proves that "the rich have better odds of winning in investment, doing business better"

even those with $ 10 can start investing. so there is no longer any excuse if investment should be limited to the rich who have large portfolios. In terms of investment, what we need is readiness between two options, namely getting a profit according to the amount invested or a loss from what is spent. in cryptocurrency investment there will be no big losses, in contrast to gambling. and the definition is much different.
dispel myths and slogans that will only make our investment confidence less than optimal.