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I have my doubts that playing with the stock market is in any way conducive to "financial health" for the average consumer.
by Boxbot 9y ago
I have my doubts that playing with the stock market is in any way conducive to "financial health" for the average consumer.
- astrange 9y agoTraditionally (or when I started looking), a single stock trade was $6 so you'd have to be moving 4 digits at a time to avoid losing everything to fees. But Robinhood's free. You can do $6 of trades in a year, still learn about stocks and not necessarily lose anything. Very hard to complain about that. I think a little literacy is needed, since if you're lucky enough to have savings buying CMF+VXF is a much better deal than keeping it in a bank account.
- dharma1 9y agoDepends on what stage of the cycle you buy in at and what stage of the cycle you sell. Right now equities are priced very highly
- walshemj 9y agoEspecially the USA its looking quite expensive atm an index fund targeting the USA might not be the best bet right now
- matwood 9y ago> But Robinhood's free. Most of the traditional brokers also offer commission free ETFs like VTI and VOO. I would argue it is much better for new investors to be buying VTI over thinking about getting rich buying penny stocks.
- jmathai 9y agoYou can use Robinhood to purchase index funds. I know many of the Vanguard funds including VOO are on there.
- md2be 9y agoI'm not sure what you mean by "playing" the market but there has been no better creator of wealth for the working professional than owning, (yes that what you are doing when you "play") the total stock maket index. conpanies