3 ms·
What can a normal person buy right now that appreciates in value at any reasonable rate? Not savings accounts, not stocks (on average), not houses... Most of us
by clarebear 15y ago
What can a normal person buy right now that appreciates in value at any reasonable rate? Not savings accounts, not stocks (on average), not houses... Most of us don't have the money or connections to invest anything other than some time in hits-driven businesses like startups.
- nknight 15y ago> not stocks (on average) ??? My (non-retirement) portfolio began with $1000 weeks before the 2008 crash. Despite the horrific timing, those shares are now up 6%. Overall (with continued intermittent investments and zero attempt to time the market, though a couple times I got a little lucky), my shares in a couple mutual funds and a few individual stocks are up almost 34%. This doesn't count dividends, which I automatically plow back in to purchasing more shares, and which have basically added ~12% to the overall value of my portfolio. Any idiot with $1000 could start doing the same thing I did. Sign up with an online broker, and pick an S&P 500 index fund to dump some money into. If you can afford a little more, put some of it into a reputable small cap mutual fund.