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Author Topic: Investing only for the rich? Think again  (Read 2250 times)
nicecrypto
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April 01, 2021, 03:33:29 AM
 #61

Crypto delivered the investing to the common joe more than anything. I've never seen people be so riled about investing whether it be crypto or stocks before bitcoin's blowout story last Dec. 2017. So yeah, bitcoin literally turned the investment world upside down, both for the good, and for the worse as well.
You are right. I am taking my country for an example. People have never been into investments with any other investment opportunity like they have been into Cryptocurrencies in general. There was Forex trading before now and even though people invested but it wasn't like the surge of investment into crypto likewise stocks and the likes. I believe that crypto investment has really turned out to be for not just the rich but for just any average investor that wants to regardless of the out come.   
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April 01, 2021, 03:38:29 AM
 #62

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.




Investing isn't just for rich people but they have an edge and advantage since they have a bigger capital to use. Poor people still need to persevere and work hard just to have capital and gain a good profit out of it. We all know that a bigger capital has a bigger profit and that's the advantage of being rich yet it still isn't impossible for us to gain better despite being poor especially if we'll try to reach our target goal. It isn't true that we'll remain poor forever.
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April 01, 2021, 03:56:20 AM
 #63

I believe that nowadays nothing, or very few people, think that investing is only for the rich. As mentioned in the OP, mutual funds, or even cryptos, allow you to invest from $10. If you buy a fund indexed to the S&P 500 or MSCI World you are sufficiently diversified and with top tier companies. These funds have historically given a return of around 9-10%, which, if we discount inflation would be 6-7% but with regular contributions and compound interest, one can put together significant capital over the years. Then we could also look at the power of contributing small amounts, such as $10 to buy Bitcoin every week, which would give even more return. So no, investing today is not only for the rich, everyone has it within reach from their mobile and for small amounts.


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April 01, 2021, 04:17:56 AM
 #64

I agree with you. At some point investing these days is quite easy to enter specially that social media platform is easily accessible unlike before where it's hard to find the right team and search for their background.
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April 01, 2021, 07:32:42 AM
 #65

Investment is putting capital into assets with the hope of getting future returns. Investment is more than just saving, because there is the potential for high yields over a long period. Wealthy investors are always patient and can sleep soundly because they don't think much about their investment returns to the short-term, they plan how they can invest their savings over the long-term.
In modern times and increasingly sophisticated technological developments make it easier for us to invest, although the stock market is highly volatile and prone to instability, does not mean that those who have limited funds cannot invest, take a look at how the cryptocurrency market is developing and there is so many ways that can be done to profit in it.

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April 01, 2021, 10:05:09 AM
 #66

Totally agree with you. We are living in a digital era where you are able to make investments in anything you see, both on the internet and on the physical life. There are too many assets for us to determine such as gold, stocks, cryptocurrency, bonds, real estate, or businesses. Thus, investing is not for those rich anymore.

In my country, people spend an immeasurable amount of money to invest in real estate. However, the situation has shifted sharply in recent years since bitcoin was introduced widely on the Internet, mostly thanks to social media such as Facebook where people keep sharing their profit and ways to buy, obtain bitcoin, cryptocurrencies, and NFTs. The opportunity has split among everybody and now access to an exchange or a broker is such a piece of cake

However, there are still bad-side effects. In the meantime, not many people are taught how to invest wisely and responsively. Our education system mainly focuses on mathematics, sciences, manager while trying to avoid giving economic courses and investing courses. That is why I witness people losing their money in any type of investment they make. The same situation happens with cryptocurrency. The FOMO effects carry the optimistic feelings but it does not teach us how to manage our funds and capital. If one day this bubble explodes, many people have to suffer a huge loss from being reckless in incautious

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April 01, 2021, 10:38:40 AM
 #67

Correction, investing is only for the people with the money to spare, the risk tolerance, the knowledge and the opportunity to invest. Yes OP is right that investing is not only for the rich but there are some things that you should qualify before you can invest without the worry of pulling out your investment.
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April 01, 2021, 11:05:35 AM
 #68

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.




Investing isn't just for rich people but they have an edge and advantage since they have a bigger capital to use. Poor people still need to persevere and work hard just to have capital and gain a good profit out of it. We all know that a bigger capital has a bigger profit and that's the advantage of being rich yet it still isn't impossible for us to gain better despite being poor especially if we'll try to reach our target goal. It isn't true that we'll remain poor forever.

Reality indeed, the advantages are most in the side of large investors, they've got enough resources to continue

their journey without any interference to whatever things happened around them, unlike those small players who

really striving to find the sources of their investment, they are always being move by situations, if emergencies

hits them then there's no other option but forcely take out thier money.
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April 01, 2021, 02:13:45 PM
 #69

I hate to admit it but yes there are some point that the rich are the only ones who has the capabilities to invest and this is because even though the investment becomes failed then they will not be able to regret it because they have the money or the assets to rebuild again the investment that has been lose. And that's the reality, the rich has the second chances and the poor doesn't have, this is why the investing is for rich only.



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April 02, 2021, 12:46:00 AM
 #70

There are no requirements/Qualifications for investing as long as you have capital willing to risk with the hope that it will generate profits in the future. But for someone who's barely living with his/her hard-earned money enough to cover up their daily expenses, they can't risk just for the possibility of high reward in return. Yes, anyone can invest but not all people can bear the consequences of losing money.

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April 03, 2021, 06:54:24 AM
 #71

I hate to admit it but yes there are some point that the rich are the only ones who has the capabilities to invest and this is because even though the investment becomes failed then they will not be able to regret it because they have the money or the assets to rebuild again the investment that has been lose. And that's the reality, the rich has the second chances and the poor doesn't have, this is why the investing is for rich only.
I agree with it but not necessarily rich people can invest, the right word is someone that has the knowledge about investing and can take risks without the risk of being destroyed when the attempt was a failure. The quote above is right that the rich has second chances but that doesn't necessarily means that investing is for the rich because poor people can still invest.

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Peanutswar
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April 03, 2021, 08:38:44 AM
 #72

The investment aspect is for all the people it depends how they manage that investment, I think this is a wrong perspective of the people that investment is for only the rich they easily notice because they got a lot of things. Even in the lower class, there are people makes investment by this they have slowed progress on their life even though does not high investment like the rich but still they some amount. There are people who make an investment first on their knowledge so when the right comes they know and handle what to do you don't need to rush everything to become rich just know everything.

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AicecreaME
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April 03, 2021, 01:26:08 PM
 #73

Your goal in investing is to be rich, even you're a normal man having a regular job, yes it is possible as long as you have the money no matter how small it is, however it will take some time to be multiplied. Giving up on your dreams because you're poor is your mistake, the majority of us thinks that way, which is wrong. Instead of making it a handicap for, we should make it a strength, a reason to strive even more for success, we need hunger for success to make our dreams come true.

So if you think investing to something will give you a nice fortune, then do it, don't have second thoughts about it. If you failed, that's normal, try again and again until you get what you really wanted. Simple as that.
Ludmilla_rose1995
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April 03, 2021, 01:58:54 PM
 #74

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.



Yes, it is true. I agree that investments can be made by anyone at any time without having to have a high income. Before knowing bitcoin I invested part of my income in gold (jewelry). even though I am not a person who has a large income. and now I'm investing in bitcoin and some altcoins that I think have potential in the future. Regardless of our income, we should invest in a better future.

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April 03, 2021, 05:47:14 PM
 #75

Correction, investing is only for the people with the money to spare, the risk tolerance, the knowledge and the opportunity to invest. Yes OP is right that investing is not only for the rich but there are some things that you should qualify before you can invest without the worry of pulling out your investment.

I agree with you! Investing is for all who are capable to invest their money, time and effort and not only for the rich people. If only rich people could invest, then there are no other people become rich in the future. If I think that only rich can invest and poor can only work for them and no rights to invest for the rest of their life, it was unfair!

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April 03, 2021, 07:36:24 PM
Last edit: April 04, 2021, 11:16:17 AM by AndySt
 #76

Your goal in investing is to be rich, even you're a normal man having a regular job, yes it is possible as long as you have the money no matter how small it is, however it will take some time to be multiplied. Giving up on your dreams because you're poor is your mistake, the majority of us thinks that way, which is wrong. Instead of making it a handicap for, we should make it a strength, a reason to strive even more for success, we need hunger for success to make our dreams come true.
So if you think investing to something will give you a nice fortune, then do it, don't have second thoughts about it. If you failed, that's normal, try again and again until you get what you really wanted. Simple as that.
The main purpose of investing can also be to protect financial resources from inflation, for this you can use less aggressive and risky investment strategies. This may be a particularly popular reason in the current difficult economic conditions, when money itself ceases to play its saving role. Many people would certainly like to earn a large fortune in a short period of time, but not everyone is willing to take a big risk for this, and for such people, more mundane goals for investing such as protecting savings from inflation are quite suitable.
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April 03, 2021, 07:56:10 PM
 #77

Correction, investing is only for the people with the money to spare, the risk tolerance, the knowledge and the opportunity to invest. Yes OP is right that investing is not only for the rich but there are some things that you should qualify before you can invest without the worry of pulling out your investment.

I agree with you! Investing is for all who are capable to invest their money, time and effort and not only for the rich people. If only rich people could invest, then there are no other people become rich in the future. If I think that only rich can invest and poor can only work for them and no rights to invest for the rest of their life, it was unfair!

Only two things are needed for investment:

1.- The money you are willing to invest.
2.- Discipline to wait as long as necessary until receiving benefits.

There is a book called "The little book that still beats the market" indicates that what is necessary to make a good investment and get rich is knowing how to choose the safest and most potential stock (in this case crypto), which is well known. That work is already more than done, it is Bitcoin, and wait 8 to 10 years, at that time you will be rich, of course in the Bitcoin market it is different because the bullish trend time usually tends to be 3 -4 years for the price to rise and to new highs.

If a person who is not rich, makes the investment in Bitcoin quite strong with considerable money, he could be rich in a few years, one should not doubt it, just have the patience and the necessary stomach not to withdraw the money from the investment.

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April 03, 2021, 08:52:59 PM
 #78

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.



Capitalism is based on the fact that money makes money but there is no minimum requirement of money needed to make more money. Therefore everyone can invest to gain more, I think saving and investing is pretty common in Asian countries while it's not a very prevalent habit in the US and west due to good social security schemes. I think investment is just means creating a source of additional income for you rather than just having some money for need.

Why don't you add more points like power of compounding etc.
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April 03, 2021, 09:06:45 PM
 #79

I agree! Discipline, patience to wait for the long-term investment of a profit in the case of bitcoin and I believe that it is also valid for the entire crypto market.
We are fortunate to come across bitcoin to know that if we can invest, the amount of money does not matter. We just need the discipline, vision and goals to achieve any purpose.
I'm sure the results will be the best if we know how to wait.

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April 03, 2021, 09:23:08 PM
 #80

Yes, it is true. I agree that investments can be made by anyone at any time without having to have a high income. Before knowing bitcoin I invested part of my income in gold (jewelry). even though I am not a person who has a large income. and now I'm investing in bitcoin and some altcoins that I think have potential in the future. Regardless of our income, we should invest in a better future.

Truly, investment is not for the rich but also got the poor, you can say the rich has constant amount of money than it comes for the poor, the poor has the longest period to become financially free and so people think they are not actually investing. As long you are gradually investing and reinvesting simultaneously makes you be chosen as the rich.



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