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Author Topic: Investing only for the rich? Think again  (Read 2247 times)
iv4n
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April 19, 2021, 02:36:16 PM
 #141

An investment for everyone, but the rich are indeed easier when investing. Rich people have more capital, so it should be able to generate bigger
profits. Because in investment, the greater the capital, the greater the profit generated, even though the capital is large the risk is also much greater.
Meanwhile, poor people can also invest, but because their capital is small, they need more effort in order to get big profits. This means that
investment is not only for the rich, but for those who want it.

Let's be clear on one thing, $10k is a lot of money for everyone! Just because someone is rich, it doesn't mean he doesn't know what is a lot of money and what is not...
From that, we can go further and try to explain how hard can be to make $10k! Well, it's easy... more you have it becomes less risky to make $10k! Starting from $1 (where you have to make x10k) to 100k (where you have to make only x0.1)... the level of risk is visible right here!

So investing is for everyone, but people shouldn't be driven by insane profits... focus on what you have and earn low but steady, it's the best way for building your portfolio! Hurrying will always cause mistakes (in most cases, but there are expectations of course), so keep it simple and build yourself slowly! Good luck!

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April 19, 2021, 02:45:31 PM
 #142

but most people feel investing with a small value like 10 $ you said will not produce big results that is why most rich people seem to be investing, indeed if you get used to it I mean regular savings every day / week or month depending on the plan made by each person.
and it will be difficult if it is done by those who are not used to it and will think I will waste money if I invest a small amount or I will wait until I have enough money and start investing.
Those waiting to have enough money to start investing just because they don't want to invest small amounts are probably going to never invest in their life. These are just excuses to avoid doing something they are too lazy to try for the first time. I believe everyone should start investing, and doesn't matter if they have only the minimum required amount for that.
Of course the investment must be well calculated before executed and if it will be a fiat investment, the annual inflation must be put into this calculation as well, so the individual can conclude if it will be really an investment or just a donation to the bank.

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April 19, 2021, 03:27:08 PM
 #143

Why investment is only for the rich, even a rich person and a poor person can still invest.
If I say invest for themselves, anyone can do it. Taking courses or buying a book are also ways to open your mind.
There are a lot of wealthy people coming from scratch so we can invest now.
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April 20, 2021, 08:29:51 AM
 #144

Only rich people can invest is a misconception. Anyone can invest any amount of money and in anything, they consider to be profitable. Investing is also risky, so if the poor are unsuccessful or do not get high results, their learning methods are not correct or invested in the right place.
Just have a job and stable income to invest in. I think the rich invest better and they are richer than others. In my mind, I think we all started the same way in this society.

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April 20, 2021, 09:27:03 PM
 #145

If you not reach never be sad check this forum and looking bounty campaign, you can earn money with bounty and later use for your investment coin, I begin from bounty campaign and later trade some money earn from bounty. Until now although as trader I keep waste my time with looking for bounty campaign project.
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April 21, 2021, 10:30:27 AM
 #146

Why investment is only for the rich, even a rich person and a poor person can still invest.
If I say invest for themselves, anyone can do it. Taking courses or buying a book are also ways to open your mind.
There are a lot of wealthy people coming from scratch so we can invest now.
Don't you get it that poor people don't have the money and the safety net to risk investing, remember that you have to have a bank account to invest and a mobile device at the least to manage, the poor are too busy finding means to make money and investing is far off their mind to even consider. It is easy to say that investing is for everyone because a lot of people here are privileged and think that what they can do can be done by other people so yes, investing is for the rich and those with the privilege to make more means to make money.
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April 21, 2021, 03:42:40 PM
 #147

Why investment is only for the rich, even a rich person and a poor person can still invest.
If I say invest for themselves, anyone can do it. Taking courses or buying a book are also ways to open your mind.
There are a lot of wealthy people coming from scratch so we can invest now.
Don't you get it that poor people don't have the money and the safety net to risk investing, remember that you have to have a bank account to invest and a mobile device at the least to manage, the poor are too busy finding means to make money and investing is far off their mind to even consider. It is easy to say that investing is for everyone because a lot of people here are privileged and think that what they can do can be done by other people so yes, investing is for the rich and those with the privilege to make more means to make money.
If you say only the rich can afford to invest, then you leave out other classes like the rich, the poor, the people close to the poor. Investing is not just about financial matters, but also about the mind. I see many poor people, many people going from nothing to millionaires. So it is not a question of how long they are poor but their thinking. Only people who are too poor do not think about getting rich. I have seen the help of the poor and they have matured, got better, out of poverty.

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April 21, 2021, 04:01:41 PM
 #148

Everyone is allowed to trade. There is no rich or poor status in investing. And there is no minimum amount of investment. The only difference is that the rich have higher buying power while the poor have limited resources. But both can invest and may change their life.
If you are talking about this market when you say that there is no minimum amount to become part of it you are right, but if you are talking about other markets then you are wrong, many other markets have minimums that you need to invest which is why there is a barrier to entry and if you want access to the best opportunities that are out there then you need to have a lot of money already, governments do in fact do everything they can to stop people from participating in the markets supposedly because they are trying to protect you but they are instead interested in protecting the rich and their profits.

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Dhoe
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April 21, 2021, 06:42:22 PM
 #149

Can be rich person by true investment and never make mistake with choose investing coin, many people have much money but made mistake with invest on shit coin, maybe many people and my friend loss much money after investing on NXT, Ignis and TEN coin. They made bad choose why believe with shit coin and buy when have higher price.
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April 21, 2021, 08:05:15 PM
 #150

Don't you get it that poor people don't have the money and the safety net to risk investing, remember that you have to have a bank account to invest and a mobile device at the least to manage, the poor are too busy finding means to make money and investing is far off their mind to even consider. It is easy to say that investing is for everyone because a lot of people here are privileged and think that what they can do can be done by other people so yes, investing is for the rich and those with the privilege to make more means to make money.
I was a poor person, I am still a poor person, I will probably never be rich. However that is not an excuse to not have any money in crypto neither, I have grown from 17$ in investment 5 years ago into having 3.5 thousand dollars today, it took me 5 years to get there, I could have been much richer if I didn't sold my coins here and there, I made very bad investment choices.

I sold some to spend on vacations and other stuff because it was the first time in my life that I had some money so I wanted to do what rich people do, go to nice hotels in a different nation type of vacations, that alone could have been 5k+ today if I kept my bitcoins (much cheaper normally, but bitcoin went up a lot). So long story short if you are poor, if you start with $17, you could still grow to a lot of amount, won't make you rich, but you could at least have a decent amount for you, 3.5k thousand is a good amount for me, it is about 5 months of salary for me, that is a good thing to have.

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April 21, 2021, 09:36:16 PM
 #151

There's a reason why Buffett constantly preaches the low cost index fund.

As long as you are (somewhat) patient and use index ETFs the right way, holding for the long haul will prove to be a lot more profitable than you if did hyperactive trading every single day.

The same lesson holds for crypto investments as well. Don't feel like you need to day trade to beat the market - just buy and hold and you're much more likely to reap rewards in the long run than if you allow exchanges to take all of your profits in fees.
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April 22, 2021, 06:17:13 PM
 #152

If you not rich person you have active looking chance on airdrop or bounty campaign, I see my friend received much money from free site like airdrop and bounty campaign. this the way to be rich person by investing after get more in airdrop and bounty project, use it for trading, investing and buy some coin to hold.
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April 22, 2021, 08:18:30 PM
 #153

I see answers of our users and I disagree with most of them. It does matter how you look at this subject. Yeah, anyone around the earth can invest even dollars in something but is that really an investment? Or is he/she an investor? Investment, for me, means when you afford to invest a lot of money in something that you won't touch for months/years and you are capable of feeding your family and living a normal life without that money. The average person can't collect that much money to do a serious investment, so, profit will be small. For example, 10% of 10$ is just one USD while the ten percent of million dollars is a lot of profit.

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April 23, 2021, 10:19:26 PM
 #154

If you not rich person you have active looking chance on airdrop or bounty campaign, I see my friend received much money from free site like airdrop and bounty campaign.
Your friend is lucky and one of the few. Airdrops and bounties these days, they're not all profitable just as what you're thinking.

this the way to be rich person by investing after get more in airdrop and bounty project, use it for trading, investing and buy some coin to hold.
That's still far from becoming rich but it's a step if you have used your profit for trading or any source that you're going to use as an investment, that's the start of discipline in investing.

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April 24, 2021, 11:19:25 AM
 #155

~snip
If you say only the rich can afford to invest, then you leave out other classes like the rich, the poor, the people close to the poor. Investing is not just about financial matters, but also about the mind. I see many poor people, many people going from nothing to millionaires. So it is not a question of how long they are poor but their thinking. Only people who are too poor do not think about getting rich. I have seen the help of the poor and they have matured, got better, out of poverty.
If there really is a rags to riches story then how come not everyone can do it then huh? Do you know any investing firms that approach the poor people because they believe in their mindset because the only time I have seen is when those people are a Pyramiding Scheme aiming to exploit this people that don't know the scams in investing world. Having received a help is a different story, if you are helped then you have a crutch to lean on.
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April 25, 2021, 08:10:25 AM
 #156

Why investment is only for the rich, even a rich person and a poor person can still invest.
If I say invest for themselves, anyone can do it. Taking courses or buying a book are also ways to open your mind.
There are a lot of wealthy people coming from scratch so we can invest now.

Totally agree. Many rich people started from none and now they become rich because they pursue life and they know how to make their money work for them. Investing is for any of us either rich or poor. If someone wants to succeed and become rich, people should start investing now. Bitcoin is a good investment.

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April 25, 2021, 08:40:41 AM
 #157

Why investment is only for the rich, even a rich person and a poor person can still invest.
If I say invest for themselves, anyone can do it. Taking courses or buying a book are also ways to open your mind.
There are a lot of wealthy people coming from scratch so we can invest now.

Investment requires money and most poor people do not have the money. A poor can get knowledge about the investment but he can't practically invest unless he had the funds.
In case of bitcoin, the poor may also invest less amount but again he will get less returns as compare to the rich person. The logic is simple, the more you invest in bitcoin for long term, the more returns you will get.
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April 25, 2021, 11:08:26 AM
 #158

If you think that 100$ or 1000$ is enough to invest you are not right. You can go to market and buy coins or shares or whatever. And this is invest to the future.
 Actually, this is not investing, it is trading. You buy something and expect it will rise, and in 2 years you get x2-x3. You can't manage company after buying shapes, you can't give directions or appoint SEO. And you can buy only what market gives you.

New companies don't go to poor people and take money from many people. They go to funds, venture funds or rich people. And this is opportunity to invest. This means you give a lot of money to this company and believe in it. This company makes money (or not) and get profit to you. Because you give money for the company and grows thanks to you. You are not buying a piece of exist company, you are giving company opportunity to live.

Cryptocurrency gives you chance to become a real investor. But 10,000$ not even 1% from ico goal. So in this case investing only for the rich.
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April 25, 2021, 01:46:30 PM
 #159

Can be rich person by true investment and never make mistake with choose investing coin, many people have much money but made mistake with invest on shit coin, maybe many people and my friend loss much money after investing on NXT, Ignis and TEN coin. They made bad choose why believe with shit coin and buy when have higher price.
I think that one of the reason why people ended up losing money they didn't put some of their money for investment and rather spend their money in useless stuff. Rich people become richer because their money very well by searching for small business that have huge potential and then invest to it. Investing is not only for rich people, I think people need to put their money in investment and insurance to build theirselves for the future. Proper mindset and open minded to opportunity we will have especially in investing will make us rich. In crypto world, people can invest how much money they want. It's an open opportunity for all.

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April 25, 2021, 01:55:41 PM
 #160

Why investment is only for the rich, even a rich person and a poor person can still invest.
If I say invest for themselves, anyone can do it. Taking courses or buying a book are also ways to open your mind.
There are a lot of wealthy people coming from scratch so we can invest now.

Totally agree. Many rich people started from none and now they become rich because they pursue life and they know how to make their money work for them. Investing is for any of us either rich or poor. If someone wants to succeed and become rich, people should start investing now. Bitcoin is a good investment.
- Indeed, the important thing is to change our mindset in this story, not most people are born rich, a lot of the rich also start from the lower classes and work hard, continued effort and knowledge is the way for them to create properties today. Therefore, for negative attitudes and only think investment is only for the rich, that really only shows a weak will and despises our talent, we can be poor in property but never poor in will, the rich can invest a lot, we can still invest a little, the end result will be something we should focus on, instead of being too pessimistic.


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