And you're telling me to blow a few hundred dollars that I have left on giving it to some faggot stockbroker because...?
>this is how the poor stay poor
Yeah no shit sherlock that's what happens when you're part of the overwhelming majority in a Capitalist society that doesn't have access to capital, which unlike someone with loads of money it DOES actually matter quite a fucking lot if my investment doesn't pan out.
Think of it like a poker game. You've got this fat stack of chips and now you're asking me why I'm hesitant to go in on a hand where I've got just barely enough to cover an ante or two. So far as you're concerned it doesn't matter if you have to fold a couple of hands you ended up actively betting on because guess what there's always more where that came from, and your playstyle is heavily determined by how much money you've got access to.
So the end result is that I'm engaging in the white color equivalent of a poker game at the casino with a bunch of corporations acting like they're doing me a favor by me giving them MY meager capital to fuck about with. Fuck do they care? If the executives actively fuck the company they still get their $10 million severance package. Meanwhile I'm going to have to find a why just to not get jewed out of any profit I could make on fees, and hope my "app" or whatever site or program doesn't end up going down right when I want to sell like just happened this recent stock market crash. It's a potentially higher stakes chumps game masquerading as something smart and classy for smart and classy people, much like all gambling operations.
>b-but you'll make so much money if you just bet your savings on that one unicorn startup!
Yeah and the same can be said waiting for my next hand of quads or flopping a flush draw.
>b-but you can do it smartly!
Yeah and again, you can say the same thing about trying to bluff your way into raking the pot by conning your opponent into thinking you've got a flush while you're holding 2,7 off suit.
The only reason one gets more prestige than the other is because of contempt for the bydlo and fluffing the knobs and egos of the type of person to get into trading. I'm not saying I won't be keeping this in mind, just calling it for what it truly is.
Yeah except that it's fundamentally the same more or less for everything else. The exact same people making all that money in investments are the ones being favored with loopholes, accounting practices, secret deals, open handshakes, and all manner of tomfoolery between members of the upper crust running the exact same sort of con game on the newly "rich" and upwardly mobile enough into thinking they're ever going to be anything other than more specialized and better compensated servants of the owning class, just with other instruments than a Megamillions lotto ticket and more nuanced approach into conning people into actively defending the mechanisms of insulation from consequence and enrichment of the elite at exploitation of everybody else, albeit with w different kind of flattery to the vanities of those who wear a tie to work.
By and large not even patented inventions will get you ahead these days because you costs you an assload of money to do so and meanwhile what happens in reality is you work for a company using those corporate resources and the company gets to keep the patent and the profit for your invention that made you billions and they'll just give you a $10 gift certificate in return for "doing your job."
>currency inflates anyway
>just keep it in your savings then bro lol
Yeah no shit and what exactly is saving it all going to accomplish then? You seemed to miss my point completely which is the primary purpose of me keeping my savings in more diversified liquid assets would be as an insurance against the coming massive inflation of our economy and just hoping to offset my real value losses by keeping at least some of my cash in other currencies that I'm banking on the spread beating at least some of them to not being toilet paper. I'm not actually expecting to make much of any money swapping currencies but rather as the ancillary function when the primary purpose is so I at least would still have something if my country ate shit hard enough to kill the value of my imaginary fiat dollariedoos. This is part of the thinking I outlined behind why I've got zero interest in CAD or AUD and why I didn't mention the pound because while my country going down the tubes is definitely going to fuck completely everybody everywhere it's going to fuck you guys even harder thus nullifying the purpose, whereas I at least expect that the Saudis, Israelis, Russians, bug people, and Yurop to weather the storm and survive more or less.
Too expensive at this point. Wouldn't hurt in the event we have hyperinflation but if things pan out I'm more liable to be losing money right now if it ends up being more at the peak right now. Buying gold was two months ago and once again I had no money to engage in such things.
You know that saying, you have to have money to make money? Yeah. It's that. The only stocks I'd actually bet on are genomics and biotech. But at the same time key word, bet
. And why should I spend money that I've set aside as discretionary rather than savings on something like that rather than something that's actually going to be useful to me? At least a physical object or asset regardless of its depreciation and forcing me to sell at massive loss later would still provide me an actual utility for now and the now future. That's partly why I did shit like spent $60 on a microwave rather than have no microwave and give some shitty corporation my money for nothing in return but empty promises.