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A comment on America's 1% Has Taken $50T From the Bottom 90%. Parent comment

Re:America's 1% Has Taken $50T From the Bottom 90% by mike00632 on Thursday February 11, 2021 @11:18PM (#26110692)
A lot of people did invest early in tech stocks... Pets.com, Webvan, Boo.com. And then there is crypto:

"144 ICOs Launched During 2017 Failed Last Year" https://news.bitcoin.com/144-icos-2017-failed/

Do I really need to illustrate how dumb it is, the idea that the stock market and cryptocurrency are the cure to poverty?

[ Parent | on HN ]
Re:America's 1% Has Taken $50T From the Bottom 90% by WalterBright on Friday February 12, 2021 @12:04AM (#26110917)
It's far more likely to work than investing in lottery tickets.

Besides, you can just invest in the S&P500 via SPY.

[ Parent | on HN ]