Have you ever played the stock market?
I haven't I always thought it was for rich bastards 🤭
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bowman81 · M
I never "played" the stock market but I have owned a number of stocks.
Today my investments are handled by financial advisors or mutual funds. The reason for investing in stocks is the yield. While banks and credit unions were paying less then 1% annually the US stock market was yielding in excess of 9%. With the higher risk, comes higher potential earnings.
Stocks are not for money that you may need on short notice. They should be part of a balanced savings/investment program after you have established an adequate rainy day/emergency fund.
It is one of the ways those bastards become rich. 😉
Today my investments are handled by financial advisors or mutual funds. The reason for investing in stocks is the yield. While banks and credit unions were paying less then 1% annually the US stock market was yielding in excess of 9%. With the higher risk, comes higher potential earnings.
Stocks are not for money that you may need on short notice. They should be part of a balanced savings/investment program after you have established an adequate rainy day/emergency fund.
It is one of the ways those bastards become rich. 😉