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by nine_zeros
1752 days ago
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I know enough non-tech educated people who don't invest in anything. They have no inclination to. They have no one to guide them. Even when someone tells them to invest, it is a concept too hard for them to grasp. Not everyone is looking to make money. Sometimes circumstances won't allow them to understand it. By the time they do, it's already too late. |
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One shtick I have is the "Young person, why don't you have a brokerage account"?
I know so many people, who are not so young any more, who are professionals and with solid salaries, who will do things like have credit cards, have cars they finance, a coinbase account, maybe a robinhood account, certainly a facebook and instagram account.... but no Schwab, Vanguard, or other basic Individual brokerage account.
They have the income and technical know-how to make complicated online accounts and make use of financial services.. but even though it takes ten minutes to make a Vanguard account, and 2 business days to credit it and buy boring index funds... so few people who can (ie have money and knowledge), actually do... or even have much interest. It's sad and fascinating at the same time.