And if I’m wrong and everyone is actually doing it, how is it sustainable in the long run? I mean, we can’t all be millionaires.
And if I’m wrong and everyone is actually doing it, how is it sustainable in the long run? I mean, we can’t all be millionaires.
Because its gate kept, particularly outside the US we don’t have any way to invest that doesn’t require some fee, so you need to be rich enough that your investment will make you more than the monthly fee to the broker. Then as a non cajillionare if the particular fund your invested in goes bust you get completely fucked over because debts are paid out to the largest creditors first.
You have to pay a monthly fee to a broker? I can buy an index fund right now and only pay $10.
Well, not entirely true. I use broker that has no fees for cheapskate scum like me, only having brokerage fees for trading 100k € in a month.