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I think that a lot of younger people feel that corporations are already too big and there isn't much growth left in them. There aren't many other decent investm
by jondubois 9y ago
I think that a lot of younger people feel that corporations are already too big and there isn't much growth left in them. There aren't many other decent investment opportunities either.
In the current economic environment, saving doesn't make much sense. You have to work hard for 40 years just to buy a decent house. Corporations like Apple have a market cap approaching 1 trillion dollars. Existing shareholders are hoarding all the wealth and they get compound returns on it. The NASDAQ is a cesspool of well-to-dos who do nothing except collect dividends.
At least the cryptocurrency crowd is young and they work hard. They have more time ahead of them to turn the ecosystem into something useful for society. It's definitely a very long term investment.