4 ms·
Investment or business do also have some gambling factors in it. And both usually cost extreme amounts of money to get started. However, I found that if the ba
by nirui 2mo ago
Investment or business do also have some gambling factors in it. And both usually cost extreme amounts of money to get started.
However, I found that if the bar of doing business is high enough, "investing" in stock market maybe safer than start a proper business. Because if a business failed, you likely lost a huge amount wealth, including everything you put into the business and maybe more. Whereas if you buy stock responsibly (for example, DCA VOO/&QQQ), there's a high chance you'll eventually bounce back.
Maybe that's one reason the young Koreans invested so much in their stock markets. Their country failed them by restricting them from opportunities, the only way they can save themselves is by gambling.
- inigyou 2mo agoI recently heard that 80% of small businesses - bodegas, non-chain restaurants and so on - make less money than if they'd just put their starting capital in the stock market.