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A comment on The money I saved as a child would buy one picogram of gold today. Parent comment

Re:The money I saved as a child would buy one picogram of go... by ozim on Sunday April 17, 2022 @04:31PM (#31064190)
Because most of people can only do that. So saving small amounts of money to build up some buffer.

When you have a buffer only then you can start buying assets.

Until web brokers started I did not even know how to buy stocks. I think most people still don't know how to buy stocks unless they are from really well-off family.

My parents were also not "financially literate" so I had to figure out all kind of stuff on my own.

Downside was for example that I got supper shitty "investment product" so I did not loos much money but if I knew better I would put my money in a better place.

Fortunately I did not get outright scammed but for a lot of people that have to learn as they go it is a real risk so "just saving" and losing some value to inflation might be best option for many.

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Re:The money I saved as a child would buy one picogram of go... by ClumsyPilot on Sunday April 17, 2022 @05:37PM (#31064722)
> Until web brokers started I did not even know how to buy stocks. My parents were also not "financially literate" so I had to figure out all kind of stuff on my own.

Same

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