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It's rigged for the rich because with more capital to invest you can lower your risk. Joe six pack with $50k to invest is going to be at a disadvantage against
by spork12 8y ago
It's rigged for the rich because with more capital to invest you can lower your risk. Joe six pack with $50k to invest is going to be at a disadvantage against players with millions who can hedge their positions with options and diversify.
- refurb 8y agoJoe six pack can buy Vanguard's total stock market ETF with only a few hundred dollars. Fully diversified in terms of equity.
- tryptophan 8y agoCompletely false. You can get exposure to every stock in the world for like ~$80. You can buy options to hedge for as little as ~$1000(literally the same ones that billionaires would buy). Joe six pack's biggest problem is their own ignorance.