• Phoenicianpirate@lemm.ee
    link
    fedilink
    English
    arrow-up
    0
    ·
    4 days ago

    This is why I will never be rich. I never see business opportunities to buy tons of stock and act upon them.

    • lka1988@lemmy.dbzer0.com
      link
      fedilink
      English
      arrow-up
      0
      ·
      4 days ago

      See you just need to have inside information. There’s absolutely no way these rich assfucks aren’t trading on insider info.

        • Snowclone@lemmy.world
          link
          fedilink
          English
          arrow-up
          0
          ·
          3 days ago

          I have nothing against people investing, it’s just not accurate to think the average person can invest and get somewhere with it, back in the 70s or earlier Warren Buffett said you needed to have around $300,000 invested to make any kind of reasonable gain, adjusting for inflation $300k in 1970 dollars is $2.5 million. When you’re below that threshold your not really getting returns you can do something with. It’s fine to invest less, it’s fine to invest aggressively even if you are poor, just don’t look at people with less than $2.5mil like their dumb for not investing more. It doesn’t work that way.

      • Chadus_Maximus@lemm.ee
        link
        fedilink
        English
        arrow-up
        0
        ·
        edit-2
        4 days ago

        Commission fees are less than a buck. The rules don’t change just because you have little money.