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They have all their money in checking probably because they don't have nearly enough money to invest. Those people would be much better off learning to either
by astura 7y ago
They have all their money in checking probably because they don't have nearly enough money to invest.
Those people would be much better off learning to either spend less, earn more, and get out of debt instead of learning about how to invest hypothetical money that they'll never have with their habits.
I certainly didn't know a damn thing about index funds, investments, stock markets, etc until I actually had the extra money to invest. Now people come to me for advice.
- Moodles 7y agoIn many cases they have enough to invest something but don’t. I also recommended the flowchart in my post above, not just index funds.
- war1025 7y agoI have multiple friends that spend their money on junk they don't need because "It's better than earning half a percent interest in a bank account." And since that is their benchmark, they justify it all as a prudent financial practice.
- arjie 7y agoIf you have over $200 spare from operational expenses and the cushion then you can use Robinhood and buy the ETF versions of Vanguards mutual funds.