3 ms·
"If you can afford to invest $80 in Apple stock, but you cannot afford to invest $565 in Apple stock, you should not be investing $80 in Apple stock. I can poin
by robotresearcher 13y ago
"If you can afford to invest $80 in Apple stock, but you cannot afford to invest $565 in Apple stock, you should not be investing $80 in Apple stock. I can point you to some very nice index funds, or just, like, I mean, open a checking account."
Index funds and checking accounts have not given nearly as much return as Apple over the last several years. Why shouldn't people who can afford to risk $100 but not $500 have access to these returns?
- mathattack 13y agoI think his point is that if one share costs too much, you generally shouldn't be so all-in to one stock. By and large, the people with $100 to spend aren't beating the index on average. Transaction costs eat up too much of it. Yes there are outliers, but companies don't split to enable low income buyers the opportunity to buy single shares.