Reply to I have mixed feelings when the market is doing well while people are losing their jobs

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Reply to "I have mixed feelings when the market is doing well while people are losing their jobs"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Nothing prevents anyone from owning stock and from participating in the fortunes of the companies whose shares they buy.  No reason to sympathize with people who choose not to be investors.  You can open a brokerage account at some firms with $0, and some require maintaining a balance of only $100 or more.  Many brokers allow trading with very small amounts, regardless of the minimum opening balance.

Mighty oaks from little acorns grow.  Sow nothing, reap nothing.

[/quote]

So tone deaf. $100 invested in VTC isn’t going to replace lost income and benefits of a job. [/quote]

$100 invested by a high school student with a part-time job, every month for 50 years until eligibility for Social Security would grow to nearly $1.8M at the historic market long-term return of 10%.  Invest a little more each month as earnings grow and the ending balance which be much larger, much sooner.  Tone deaf, or merely aware of the basic mathematics of compounding?

[/quote]

Okay? They will be 70 then, what is your point?  We are talking about ages when losing your job matters. [/quote]

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