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The stock market--just like the economy--is not a zero-sum game. I don't know what to tell you. The S&P500 over the long term has consistently performed quite w
by kinghajj 6y ago
The stock market--just like the economy--is not a zero-sum game. I don't know what to tell you. The S&P500 over the long term has consistently performed quite well, for many decades. Maybe if your picture of participating in the stock market involves day trading, sure, statistically the majority of people who try will break even or come out with a loss. But that's not what financial advisers recommend average people do! You should be doing a daily cost average by setting aside a small portion of your income to invest, ideally in a tax-advantaged IRA (or 401k if your employer offers one.)
- runarberg 6y agoThank you, but I prefer a savings account at my local credit union. I’m sure the interests will amount to something similar as what some random hedgefund manager can conjure by gaming the market. If not, then I can live with it, knowing that what little interest I earned, at least it wasn’t earned by taking profits out of other workers. And in the best case scenario my savings got lent out to other members of my credit union that used it to buy homes or start businesses in my community.
- collinvandyck76 6y agoWith all due respect, savings accounts can barely keep up with inflation, if at all. The last couple of years it was not uncommon to have 15%+ gains with a diversified portfolio.
- thekyle 6y agoAt today's interest rates it seems like you're probably going to lose a lot of money to inflation. At the very least why not buy government bonds? Alternatively based on your posts it seems like maybe you would like investing in a ESG fund. https://www.investopedia.com/terms/e/environmental-social-and-governance-esg-criteria.asp https://www.investopedia.com/terms/e/environmental-social-an...
- p1necone 6y agoYou're going to have to explain how buying shares === workers earning less because I don't follow.
- city41 6y agoA simple index fund will outperform interest earned from a savings account by quite a bit.
- recursive 6y agoIs there any particular reason to believe that financial advisors' advice for average people is in their best interest? (The average people that is)