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A poor person could still benefit from the stock market by investing in a fund over the long term. That is, if they had money to spare, which they probably don'
by nyghtly 8y ago
A poor person could still benefit from the stock market by investing in a fund over the long term. That is, if they had money to spare, which they probably don't--the definition of poor is that you don't have money to spare. It's not like free trades is some magical gateway out of poverty--in fact, it's more likely a way to lose money.
The solution to poor people not having enough money to invest is to get them more money.
- georgeecollins 8y agoI agree with you that poor people should have more wealth to invest. Meanwhile, a low net worth person can still benefit from the market by holding a bond, an ETF or a mutual fund. There are many commission free or nearly commission free ways to do this. Trading stocks is not on that list.
- thedaemon 8y agoPoor people normally invest in things like lottery tickets, which are 100% loss. I think a real investment of any kind is better than that.