4 ms·

I'm no expert, but I'd like to think that there is no free money. Unless you are hiring a professional with proper track record who will be actively investing (

I'm no expert, but I'd like to think that there is no free money. Unless you are hiring a professional with proper track record who will be actively investing (lots of fees involved), you are taking large risks; anything above what banks/government bonds are willing to give for inflation (+ small opportunity cost) - is mostly gambling. I think, many people think stock market does nothing for poor, because: 5% of 1,000 = 50 5% of 1,000,000,000 = 50,000,000 No amount of compounding will help the poor and any loss will be much much worse. I like the investing accrediting idea and wish it applied to stock market as well, but I guess some people might not like reducing of their choices (https://en.wikipedia.org/wiki/Accredited_investor https://en.wikipedia.org/wiki/Accredited_investor)

prostoalex 10y ago
> you are hiring a professional with proper track record The statement is somewhat of an oxymoron. A professional with a proven track record wouldn't be interviewing to manage your money - with the current cost of the capital they would raise a small hedge fund, stay out of public life and keep most of their track record to themselves, being occasionally portrayed as "reclusive" billionaires, e.g. Renaissance Technologies. I concur, though, using a financial advisor is good for diversification and as a second set of eyes on private or any convoluted deals, but anybody asking for your money in order to bring untold riches is manipulating people.