paxmao (OP)
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Do not die for Putin
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March 29, 2021, 05:04:11 PM |
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On a recent post, I found out that quite a few replies mentioned that you can only diversify or have a varied portfolio "if you have a lot of money". I aim to contribute to a general financial education for the members of this forum (some could actually teach me, many are clueless). While in most countries, particularly in USA, some investments are reserved to qualified investors (typically high income or high worth individuals), there are many possibilities for the average guy to invest. 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. There are even funds out there that will let you invest from 10 USD or Euros. If you are looking to start your life investment (the earlier the better, see picture below), you may start by looking at Vanguard. These are the best know Index funds (I will write a post on active and passively managed funds some other day). Paper-thin fees and entry barriers are built-in.
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palle11
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March 29, 2021, 05:13:43 PM Last edit: March 29, 2021, 05:36:06 PM by palle11 |
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Simple truth, not only the rich can go on investing, that is obvious a myth. Maybe in the past, the rich were always having access to wealth which goes down to the family lineage and that is why they (the rich) dominated. They had access to send their kids to good and best schools, access to better jobs etc and the money kept coming and was kept with the family and within them but this is not that way anymore. Things have changed from when the rich only had access to factors of production and can grow wealth. Wealth is now everybody's thing to grab if you plan well plus wisdom not only if you have cash. Investment is everybody's business now, invest in some good coins, allow it to pump and you can buy an estate, Lamborghini, Ferrari etc Most economic system is open market and it is survivals ground, you can be anything you want to and you see more people climbing into wealth. I give example,I know somebody investing and bought 10 btc in last April when price came around $4,000. So how much is the difference now? That person invested wisely, not rich then but rich now. Investment is for every soul that likes to take the risk and diversify.
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Jemzx00
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March 29, 2021, 05:19:48 PM |
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Investment aren't only for the rich but there are certain assets that requires a minimum amount to be able to buy in and get a share on their company which may be the reason behind the myth of " Only the rich can invest in the best business" but there are loopholes to be able to get a share from these companies such as pooling of funds.
But not all investments on big companies can provide a huge profit as most of the higher profitable investment came from the brand new companies. They may be higher risks but the reward behind it is worth it.
Your progress from having a huge investment fund may be faster but it doesn't mean that having low funds to start on won't be fast also as there are ways and timing where you can expedite your investment faster. More research, knowledge and being able to keep up to the market news and opportunities will help you boost your way on profiting.
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Fatunad
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March 29, 2021, 05:36:57 PM |
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Investment aren't only for the rich but there are certain assets that requires a minimum amount to be able to buy in and get a share on their company which may be the reason behind the myth of " Only the rich can invest in the best business" but there are loopholes to be able to get a share from these companies such as pooling of funds.
But not all investments on big companies can provide a huge profit as most of the higher profitable investment came from the brand new companies. They may be higher risks but the reward behind it is worth it.
Your progress from having a huge investment fund may be faster but it doesn't mean that having low funds to start on won't be fast also as there are ways and timing where you can expedite your investment faster. More research, knowledge and being able to keep up to the market news and opportunities will help you boost your way on profiting.
We can really tell the difference between those people who had bigger and deeper pockets than to those who do have just that minimum deposit or investment that they could possibly produce. There are indeed probabilities or chances that you can still make money out of those small capital but it would be definitely be a big challenge or would really be needing that extra effort than to those who had bigger bankrolls or capitals because a slight movement in the price would really be a considerable profit gain for them but of course to think that theyve been risking a lot higher compared to yours then its understandable.Its just the difference on the intensity of the fund that had been put out.
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Sterbens
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Merit: 341
Duelbits.com
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March 29, 2021, 06:08:44 PM |
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the statement that "Only the rich can invest" is a statement so that only the rich will get richer. so that kind of myth is no longer valid today. usually the statement is built as a stimulus so that people who do not dare to know the world of investing. it's just an out of date myth that the rich do to stay rich. In the business world, spreading this myth is a strategy, or by the argument that investing has a high risk, so that only the rich dare to take risks. lol (all investments have inherently risk characteristics).
money can indeed provide a lot of access, but that doesn't mean those of us who have minimal funds cannot invest. Therefore, with the presence of bitcoin and cryptocurrency, one goal is to break this myth (do we realize?)
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Haunebu
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March 29, 2021, 06:24:50 PM |
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BTC and popular cryptocurrencies like ETH, LTC, XRP, DOGE etc are proof that investing isn't only for the rich. Stories pop up on a regular basis discussing how some random, average person earned big amounts through crypto investments.
Personally, I feel it's easier to earn through crypto trading when compared to FIAT trading thanks to the increased volatility factor.
However, the biggest advantage that the rich possess over the rest is their ability to manipulate the market to their advantage(FIAT or crypto) as whales in my opinion.
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Renampun
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March 29, 2021, 06:44:27 PM |
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investment is not for the 'rich' but more precisely 'for the brave'... Imagine you have millions of dollars but are afraid of losing money when investing, so until whenever you will not be willing to invest your money. warren buffet is an example of a 'poor person' who is not afraid to invest, he started investing since he was a teenager and continues to do so even though he is old.
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Bitstar_coin
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March 29, 2021, 08:12:46 PM |
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Anyone can be an investor, rich or not doesn't mean much, agreed the rich have better opportunity to invest in any company they chose to invest on because of their huge capital, but there are opportunities for none rich people too, all you need is know the right place to invest on.
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Lordhermes
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March 29, 2021, 08:30:15 PM |
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People started from the scratch and became successful in life, though they weren't rich enough, gradual investments on potential projects gives them a fair profit in the long run. This is the secret to becoming rich which can be both practiced by the rich and poor.
Note that the rich only has long money in their account, that does not mean they are good investors, a poor guy in the street can equally invest a token over time and become richer than the rich, it's all about consistency in investments over time.
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jossiel
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March 29, 2021, 08:37:30 PM |
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It is easy to invest these days and thanks to those brokers, exchanges and platforms that made it easier for all of us. But the main problem is about the willingness of people to learn about investing.
You tell them to buy things at discounted prices, those things that are only categorized as their wants and they'll all in for it. But if you ask them to invest to learn more about investing and educate themselves about it, they have no time for it.
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romero121
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casinosblockchain.io
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March 29, 2021, 09:06:17 PM |
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Investing is not for the rich, but the people have made it in such a way. Rich used to invest, whereas common people used to prioritise savings. This scenario has now changed, and people are much focused on cryptocurrency investment. Earlier people doesn't have any idea regarding investment. Now through the easy access everyone are getting into it focusing on long term profit.
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dimonstration
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March 29, 2021, 09:41:40 PM |
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This pandemic reminds us that everyone can be a business owner, business investor and a stock holder or crypto trader. We are more aware that we don’t need our regular job but instead we need to have our own business or work that can sustain our living which can be done thru trading as well having a work in our own home. Many fears investing, but risking our money is really needed to attain success provided we will do our part to know how investing works. Young and poor now find ways how to changed their life thru investing.
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Question123
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March 29, 2021, 10:13:50 PM |
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Investing is not only for the rich people because even you are poor you can invest a small amount of money and I believe even that small you can turn into huge money if you are in the right investment and you are consistent of what you are doing and also a lot of patience. Bitcoin is proof even you have a small capital you will become rich person from small capital into millions of dollars once you believe on this but those people who are already rich have advantages in the terms of investing because they have chances to invest a lot and not worrying if the investment dump.
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Johnyz
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March 29, 2021, 10:24:59 PM |
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We all have the access now to investment world and if you have a limited money, you should not feel those negativity especially if you’re looking for a way to grow your savings. Investments are for everyone, to those who are looking for the answer, you’d better to start learning now.
Having the right knowledge about investment can bring you a lot of passive income, this is why having financial literacy can bring you money no matter what your status in life. Investment are for those who can take the risk.
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just_Alice
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March 29, 2021, 10:45:36 PM |
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It is true that you don't have to be rich to invest and make money out of it. In fact, cryptocurrencies actually prove that better than anything, I think. Anyone could've invested in Bitcoin 10 years ago and be a billionaire now. Also, venture investments, funding small companies can require small money and bring back good profit. On the other hand, it should be noted that it is much easier to invest if you're rich. Say, there's a number of promising companies in which you'd like to invest and it is difficult to tell which one of them will actually bring you the most profit, but you will have to choose between them because you have limited resources. In such a case a rich person wouldn't have to worry about that and simply will invest in all of them, which gives him more chances to get profit.
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hatshepsut93
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March 29, 2021, 10:53:08 PM |
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Some people are so poor that they really have no money for investment, so you can't seriously suggest them to buy less food and spend those $10 to buy some stock that in best case will be worth $20 after some time. So, investing if for the middle class and the rich - the people who can afford to risk money and have time to wait. If it was possible to invest your way out of poverty, there wouldn't be so many poor people.
Bitcoin was a way out of poverty for some very lucky people who entered early and managed to hodl for years. This is a once in a lifetime opportunity, no other investment is close to that.
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STT
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March 29, 2021, 10:53:24 PM |
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Most people are investing in assets that are around them, family run business are a common investment and of course their own property is a large amount of cost and also worth to the average person. Its hard to move much away from those main structures for the average person in percentage allocation but its alot easier now then previous decades to travel a distance away in some percentage way, unit trusts would be the best way usually.
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examplens
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Crypto Swap Exchange
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March 29, 2021, 11:09:29 PM |
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You missed some facts. Investment and a good investment is not for rich people only but it is much more comfortable if you are rich. a supply of money gives you the luxury of waiting for the best moment for any action with just part of your funds. There is no panic sell or any panic steps. Usually, rich people never invest all of their money into one risk investment. On the other side, ordinary people very often spend/invest all of their life saving into one thing and it’s just like roulette.
Also, here is a matter of numbers. If someone invests 1 million, 10% will bring them 100k. While someone "poor" invest only 100k, he needs 100% growth to be equal and it is a much more realistic 10% profit than 100%.
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ivankoh
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Buzz App - Spin wheel, farm rewards
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March 29, 2021, 11:26:37 PM |
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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"
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Finestream
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March 29, 2021, 11:36:34 PM |
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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"
Rich people have often make an advantage when it comes to investment because they only invest in those best business with huge returns. But investing offers equal opportunities to everyone because even the not so rich people can also start making investments with less profits compared to wealthy men who only invest that creates huge income.
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