Sorry to be flippant, but the stock market always goes up. Economic studies analysed data going back to 1600s showed that, and along those years, major turmoils have also occured. And yet the stock market always recovers afterwards every time. The only turmoil that would invalidate that thesis is a nuclear war.
That’s not to say to gamble everything on the stock market. Put in only what you can afford to lose. If you can’t then don’t. Sorting out personal finances is more important. My comment is to dispel the notion you have to be rich to buy shares. Owning a fraction is still better than nothing. After all, investing has proven to outpace inflation every time than saving alone.
I’m not denying it’s the best way to earn wealth, but you’re being disingenuous AT BEST anytime you say anything as ignorant as ‘no one ever went bankrupt investing in stocks’, and it makes it hard to take anything you say seriously.
Those who go bankrupt typically put money without doing research and ride the hype on a bullish stock without good fundamentals, or trade in penny stocks. That’s rookie mistake or those with gambling problem. Most advisors would say invest in ETFs for those with low risk tolerance. Anyone can do so with however little money.
Sorry to be flippant, but the stock market always goes up. Economic studies analysed data going back to 1600s showed that, and along those years, major turmoils have also occured. And yet the stock market always recovers afterwards every time. The only turmoil that would invalidate that thesis is a nuclear war.
That’s not to say to gamble everything on the stock market. Put in only what you can afford to lose. If you can’t then don’t. Sorting out personal finances is more important. My comment is to dispel the notion you have to be rich to buy shares. Owning a fraction is still better than nothing. After all, investing has proven to outpace inflation every time than saving alone.
Bless your faith.
No one has gone bankrupt from investing in stocks, unless you didn’t do your research well.
“No one has died of food poisoning, except for the people who didn’t research their food well”
I’m not denying it’s the best way to earn wealth, but you’re being disingenuous AT BEST anytime you say anything as ignorant as ‘no one ever went bankrupt investing in stocks’, and it makes it hard to take anything you say seriously.
Those who go bankrupt typically put money without doing research and ride the hype on a bullish stock without good fundamentals, or trade in penny stocks. That’s rookie mistake or those with gambling problem. Most advisors would say invest in ETFs for those with low risk tolerance. Anyone can do so with however little money.
Not my own words, is all I’m saying. Most advisors will say investing is the best way to build wealth.