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If I only have $2, why would I put $1 in stocks when I could put all $2 in food?
by nitrogen 7y ago
If I only have $2, why would I put $1 in stocks when I could put all $2 in food?
- WalterBright 7y agoYou can always find an excuse to not invest.
- nitrogen 7y agoI'm saying that when you are on the edge of being able to feed yourself, investing in anything other than being able to eat is the wrong call. I have actually been in that position. It also seems kind of silly to play with $1 in the stock market; I'm going to make like 8 cents in a year on average with a high variance, while if I bought food I would be able to work using those calories and maybe earn $8 in the time it took to burn those calories.
- xyzzyz 7y agoAh, the bottom 90% of Americans, ever on the edge of being able to feed themselves.
- manigandham 7y agoIt's pretty clear that we're discussing the far greater majority that actually can feed themselves and have money left over to invest. Also people go through different stages in life, as you claimed in your comment. You might have been too poor before but I assume you can invest now right?
- WalterBright 7y agoMy iphone is 4 years old now. I've saved a ton of money not buying the latest every year, money I invest.
- WalterBright 7y agoThe freeways around here are gridlocked every day with people driving nice cars to work. Nicer cars than is really necessary. They could buy a cheaper can and invest a lot more than a dollar. My daily driver is 30+ years old. It's probably worth about $500. Repairs, taxes, and insurance on it is cheap, too. For one thing, since the car is pretty much worthless, there's no point in spending money on comprehensive insurance. But I turn the key and it goes. Except for today, when the battery cable corroded to the point of not passing enough current. I ordered a new cable from Amazon for $10, and will install it tomorrow. It'll probably take about 10 minutes. Did I say it was cheap to repair?