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A car is a necessity in most of America for getting around. Most people likely do not have a spare $1000 laying around. And knowing what to invest in is another

• WalterBright 9y ago
  > Most people likely do not have a spare $1000 laying around. True enough. Because they spend it, like the person who bought a new car. How much do they spend on beer/cigarettes/weed in a year? > And knowing what to invest in is another can of worms in itself. That's true. Apparently investing is more than "doing nothing", and one is taking a risk. But it is within the means of the vast majority of adults.
• smileysteve 9y ago
  > And knowing what to invest in is another can of worms in itself. For the record; knowing what to invest in is easy: a broad based low cost index fund. The research in "A Random Walk Down Wallstreet" statistically shows that actively choosing specific companies has a less than 50% success rate and often comes with higher fees. For the record, most public libraries have a copy of "A Random Walk" and its conclusions are well shared.