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Topic: Investing only for the rich? Think again - page 11. (Read 2289 times)

hero member
Activity: 1050
Merit: 529
Student Coin
Investing isn't for the rich only, sure they have some first-hand info where or whom to invest. But for most people are still learning and starting from scratch on how or when to invest. Investing is free for all ages as long as you have that guts and knowleldge.

Once you start investing, be ready to embrace the ups and downs on the road but make sure it's an asset that will worth something in the near future.
member
Activity: 627
Merit: 14
Crypto Article Sharer!!!
Think !!!!
Not everyone's notions and ideas are the same. The thoughts of many may come close but most are unique. My thoughts on the above are very tiny. Online investment in this cryptocurrency is for everyone. It's not only for the rich. And since the identity is concealed here, it is not apparent to say who is rich and who is poor. Yes, we have to concede that rich people can invest in any proportion at any time because of their financial well-being. And even if they lose, it is not plausible to be a difficulty. But in the case of the rest, the matter is entirely incompatible. However, it cannot be asserted that investment isn't only for the rich.
copper member
Activity: 2870
Merit: 1279
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If you think about it, most of us here, as members of Bitcointalk, are already investors. The asset is crypto-related. Anyway, if you are going to be thinking about investing as a whole, it's pretty simple to don't check it from time to time but as a long-term HODL for the asset. Usually, we feel the urge to see it every minute, but it's the view from the long term that will make you win in this investing thing.

In terms of being rich and in poverty. The money that you can invest will differ if it's a matter of life and death. Those who cannot afford to invest will make sure to feed their families first instead of owning a stock certificate.

This is targeted towards the middle-class who can invest extra money, not those who need it the most.
sr. member
Activity: 1120
Merit: 272
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I doubt that, anyone can be an investor depending on his ability to manage and make his asset grow in the market.

His success also depends on the amount of capital that he can invest on the market. We also need to understand that there are a lot of opportunities that we can grab no matter if we are rich or poor. Investing is only effective if an investor is willing and courageous to take risks in the market.

Always remember that never stop looking for something profitable to make you secure your future.
legendary
Activity: 3248
Merit: 1179
There are even funds out there that will let you invest from 10 USD or Euros.  

Am I the only one who thinks about the wolf of Wall Street after reading this sentence?
I think the problem here is that the majority of people wasn't taught how to handle finance and investment. Our school doesn't do that which is why most are ignorant in this topic and thus created the mentality of "Investing is only for the rich". Imagine, rich people have the access to every resources they want and they are taught how to handle finance at a young age to preserve wealth.

Anyway, I think that mentality is starting to go away because we are at the era of information where resources are everywhere.

I really like your comment "meanwords"! I think you hit the point with your comment! In the end, everything comes down to education, learning... and later practicing what you have learned! Rich people get that from an early age, they look at their parents and their circle of friends, where most of them are rich and have companies... they have the opportunity to start with investing earlier... all that is an experience!
Mentality... that is a strong word! And I can't agree more that times are changing, and I am sure in the era of information things are totally different! Can anyone deny the role of the internet and crypto in these changes?
full member
Activity: 1022
Merit: 133
Yes, anyone can invest, but the thing is hugely rich people invest their amount to become richer without compromising their current life-style while many of us who are like middle class sometime cut-off our lifestyle to save for a future which isn't even certain, hence once I believed in long term investments but now I kinda think, it's useless, if we meet all our necessities and the fun we want in life in our current salaries/income and after that if some funds are still left, maybe I'll invest that for profits, but sacrificing funds for pizzas, a nice trip, a fancy phone to invest for emergency when I turn 60 isn't ideal. Not saying it's bad to invest, but I think the huge trend nowadays for investments importance is kinda filled with flaws. 
sr. member
Activity: 2366
Merit: 448
SOL.BIOKRIPT.COM
In my opinion, investment belongs to everyone regardless of differences, and what distinguishes only circumstances and fate.
The rich are supported with conditions that are able to invest large amounts of money and will earn large profits.
and ordinary people can only invest a small amount and will get a profit as much as their capital, and I think both of them have sufficient knowledge and intelligence in investing, and only the difference in income they get.

those who invest, on average, have sufficient knowledge and intelligence that only circumstances and fate can tell the difference.
member
Activity: 1120
Merit: 68
In today's age of information technology everything is advanced but the poor have no idea about investing to be deprived of everything compared to the rich in fact there is no difference between rich and poor to invest.
That is the main reason that poor people stay poor, they are not granted any opportunity in any way so yeah, I think that in a way investing is only for the rich and the ones lucky enough to have the opportunity to know about bitcoin.
legendary
Activity: 2576
Merit: 1860
I aim to contribute to a general financial education for the members of this forum (some could actually teach me, many are clueless).

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.

I aim to contribute to the general awareness of reality to the members of this forum (some could actually correct me if I'm wrong, many are out of touch of the grim reality of this world).

Myth: Anyone in most countries can invest in great companies and great assets from almost any amount.

Reality: Only the rich can invest in the best business.

I'm living in a country where the majority are poor, some decent some not. Majority of the countries in the world are not as rich as the US. The US, therefore, cannot be made the standard of what's actually going on in the world.

Correct me if I'm wrong but there are actually homeless people in the US who own cars and the latest mobile phones. The poor in most countries do not even know what index funds are. For goodness' sake, they do not even know where to find their next meal.
full member
Activity: 1624
Merit: 163
I think the problem here is that the majority of people wasn't taught how to handle finance and investment. Our school doesn't do that which is why most are ignorant in this topic and thus created the mentality of "Investing is only for the rich". Imagine, rich people have the access to every resources they want and they are taught how to handle finance at a young age to preserve wealth.

Anyway, I think that mentality is starting to go away because we are at the era of information where resources are everywhere.
hero member
Activity: 3052
Merit: 606
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.
full member
Activity: 1428
Merit: 120
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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"
legendary
Activity: 3374
Merit: 3357
Crypto Swap Exchange
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%.
STT
legendary
Activity: 4004
Merit: 1428
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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.
legendary
Activity: 3024
Merit: 2148
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.
hero member
Activity: 1274
Merit: 622
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.
full member
Activity: 2086
Merit: 193
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.
sr. member
Activity: 1624
Merit: 267
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.
hero member
Activity: 2674
Merit: 696
Dimon69
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.
legendary
Activity: 3206
Merit: 1213
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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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