Investing only for the rich? Think again - page 4.

Fredomago

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Quote from: ololajulo on April 26, 2021, 02:40:58 PM

Investment may not be for the rich but could be easier for the rich than the struggling poor.

It's much easier for the rich as they have enough spare money to invest, they can play the game well. And they've got enough time
to learn more deeper, as even they'll lose for their first attempt they've got enough reserved to continue.

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Both the rich and the poor need patience, while the poor can't endure the period of investments like the rich do.

Like what I've said, they can extend while learning each possible patterns that they can use while working around this business.

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They also can't take the size of position like rich will but if the poor can endure he will learn the process. The capacity for risk increase with time

Correct, both have equal opportunities, but it takes time and willingness to continue.

ololajulo

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Investment may not be for the rich but could be easier for the rich than the struggling poor. Both the rich and the poor need patience, while the poor can't endure the period of investments like the rich do. They also can't take the size of position like rich will but if the poor can endure he will learn the process. The capacity for risk increase with time

CryptocurencyKing

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Quote from: South Park on April 26, 2021, 01:32:28 PM

In order to invest you first need to have some money saved and that is a habit that has been lost over the years and decades all over the world, people want instant gratification and they do not want to wait to get what they want and if this means getting into debt then so be it, and without any money then they cannot take advantage of the many opportunities that they could take advantage on the markets and then they complain that investing is only for the rich when this is obviously not the case.

There is a local saying in my place that goes " you don't use your one step to measure someone else's one thousand steps". People or hustlers of our times do this a lot, they want to be rich or wealthy as quickly as they can, using the wealthiest person as a yard stick and placing the time so close because, they just want to rest and keep reaping. Even when they don't have the necessary resources to invest with. Starting small feels like a waste of time and as such, they resolve to borrowing for the purpose of investing. Worst of it all, they've got no experience and managerial skill to watch over there endeavor and as such, they fail.

Investment is always open to everyone and not all investments strive at the same pace. Seeking new opportunities is a way to it and it betters the chances of success than sticking to an old means. The relicj understands this but the poor don't.

South Park

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Quote from: SacriFries11 on April 25, 2021, 09:46:30 AM

Quote from: Dhoe on April 21, 2021, 02:42:22 PM

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.

In order to invest you first need to have some money saved and that is a habit that has been lost over the years and decades all over the world, people want instant gratification and they do not want to wait to get what they want and if this means getting into debt then so be it, and without any money then they cannot take advantage of the many opportunities that they could take advantage on the markets and then they complain that investing is only for the rich when this is obviously not the case.

Dhoe

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Every one have chance to be rich maybe you need looking with shit coin most popular right now on pancake, how ever every time have new coin with small fund you can get much profit, but not all lucky to get profit with shit coin and to be rich there, how ever this will give chance not only rich person can invest on bitcoin or altcoin, but all investor can do the same thing.

YOSHIE

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Quote from: paxmao on March 29, 2021, 01:04:11 PM

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

To me it is not a myth but a fact.

You remember with this person: (Elon Musk), it is evident that the rich are getting richer, risky investing in people with little capital, but not with the rich.

You don't need to think anymore with what you have in mind is real and fact, having a large capital crypto investment business promises and huge profits, it is proven that some people have done it.
Only a handful of people who have small capital, are lucky, even though it exists.

Hughes_Ryan

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Anyone can invest. Sure, but the big differences between attitudes, thoughts, feelings, actions, and outcomes between rich people determine their chances of winning. In addition, the rich will also have "big" relationships for the purpose of encouraging success with their type.. So there is no need to argue about that, between rich and poor is still a big gap in society. How each person changes their mindset determines the success or failure of each person. And I'm trying to do it, even though I'm poor. Lol

kodtycoon

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Basically investing applies to everyone who has money, no matter what family or background you come from, because if you have money that can be spent on investing then of course it is still good for you. But one thing to note is that you have to have your own research because if you don't, you will only lose on your own investment because just going with the flow is fundamentally dangerous.

Princejebs

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Investing is a choice and only for the people that are rich in mind and capable taking a bold risky step. It's not about been poor or rich. You can be born with a silver spoon and meet wealth at your early life but may not have the courage to take risk to invest, the same goes with a poor person.
Investment is a continuous process until one no longer exist if you want to really remain at the top of the game, this why Elon Musk, Buffet and Jeff Boss never take time to retire from investment. It's a process that never end.

EiKaGlaShPriSAThWEl

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Quote from: paxmao on March 29, 2021, 01:04:11 PM

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.

I agree that the reality is anyone can invest in different great companies even how big or how small the amount is. I have a friend and last night we are talking about investment in crpyto currency as well as in PSE (Philippine Stock Exchange). Well I am not that familiar on how to invest in PSE so he gives me an example. He told me that he invested 7 Philippine peso to the biggest network in our country. That 7 pesos is a very small amount yet he used that amount as an investment.
We have to start investing as early as we can because in the present time, all things that we buy and all things that we are going to invest easily increases its price as days, weeks, or months passes by.

conected

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Quote from: tatalin on April 25, 2021, 04:10:25 AM

Quote from: int03h on April 19, 2021, 11:27:08 AM

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.

SacriFries11

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Quote from: Dhoe on April 21, 2021, 02:42:22 PM

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.

Palllke

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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.

FIFA worldcup

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Quote from: int03h on April 19, 2021, 11:27:08 AM

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.

tatalin

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Quote from: int03h on April 19, 2021, 11:27:08 AM

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.

Obito

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Quote from: grabpopcorn536 on April 21, 2021, 11:42:40 AM

Quote from: Obito on April 21, 2021, 06:30:27 AM

~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.

livingfree

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Quote from: Dhoe on April 22, 2021, 02:17:13 PM

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.

Quote from: Dhoe on April 22, 2021, 02:17:13 PM

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.

shield132

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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.

Dhoe

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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.

magneto

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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.

Topic: Investing only for the rich? Think again - page 4. (Read 2289 times)