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]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 tradiing with very small amounts, regardless of the minimum opening balance.

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

[/quote]

A lack of money prevents someone from owning stock. Your analogy is spot on - you don’t have an acorn to grow into a mighty oak unless you have an oak tree in the first place. [/quote]

Any amount of income allows for saving and investment, if expenses are restrained.  Buy or lease the most expensive car you can manage, lease the most expensive apartment or buy the most expensive condo or house you possibly can swing on your income, have a bigger family than you can easily support, and you'll be so extended financially that you have nothing available for saving, investing, or for emergencies.

You may not be able to enjoy a very short and convenient commute if you want to build solid finances, but many people choose convenience and current gratification over prudent planning and delayed gratification.

Only a lack of discipline around personal finance stands in anyone's way, no matter their income, if they pay attention to their expenses.  Many people live paycheck to paycheck, by choice, due to the expenses they take on.  [/quote]

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