- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Does the middle class not invest?
Posted on 7/19/20 at 7:20 am
Posted on 7/19/20 at 7:20 am
If more appropriate for money or politics board please move.
I always see people talking about the investor class in opposition of the middle class. Well I’m firmly middle class right now and I’ve already got a nice portfolio started because when I first started out in the working world I made sure to dedicate a slice of my income to my required debts, to my required bills, to investing for retirement And savings, and then to anything else that were luxuries.
Does the middle class not invest anymore? Why did this become something associated only with the ultra wealthy? Getting money diversified in the stock market as early as possible is one of the smartest things anyone can do financially and it really doesn’t even take that much to really gain steam over time as long as you keep at it.
Thoughts?
I always see people talking about the investor class in opposition of the middle class. Well I’m firmly middle class right now and I’ve already got a nice portfolio started because when I first started out in the working world I made sure to dedicate a slice of my income to my required debts, to my required bills, to investing for retirement And savings, and then to anything else that were luxuries.
Does the middle class not invest anymore? Why did this become something associated only with the ultra wealthy? Getting money diversified in the stock market as early as possible is one of the smartest things anyone can do financially and it really doesn’t even take that much to really gain steam over time as long as you keep at it.
Thoughts?
Posted on 7/19/20 at 7:24 am to jlovel7
Soon as I get that 84 month f-250 note and that 120 month boat note taken care of I’m gonna start, I swear.
Posted on 7/19/20 at 7:25 am to jlovel7
Middle class investor checking in.
Posted on 7/19/20 at 7:25 am to lsu1919
quote:
Soon as I get that 84 month f-250 note and that 120 month boat note taken care of I’m gonna start, I swear.
Sounds like my cousin. She complains about how hard she has it but that she likes to get her nails redone at $60 a pop multiple times a month.
Posted on 7/19/20 at 7:25 am to jlovel7
I think it’s how people are raised. Some save but don’t invest. They were either never taught how to or are intimidated by the ‘stock market’ and overwhelmed to learn how to.
Posted on 7/19/20 at 7:25 am to jlovel7
I think it depends. Might not have the extra income, kids, bills. Not everyone is fortunate to have disposable income so to speak for that outside of a 401k match at work
Posted on 7/19/20 at 7:26 am to jlovel7
Middle class saves.
Because someone uses mutual funds in a company sponsored retirement program does not make one an investor. Middle class isn't saving enough money and can do more.
Wealthy class invests.
Imho. Words mean things.
Because someone uses mutual funds in a company sponsored retirement program does not make one an investor. Middle class isn't saving enough money and can do more.
Wealthy class invests.
Imho. Words mean things.
Posted on 7/19/20 at 7:26 am to lsu1919
We invested in a nice travel trailer a few years ago. I know the resale value won’t go up much like a stock but the money I saved on going on vacation has been enough to go out to eat a few extra times a month.
Posted on 7/19/20 at 7:30 am to jlovel7
Don't forget that newest, fanciest cell phone purchase right when they come out.
Posted on 7/19/20 at 7:33 am to jlovel7
quote:
Does the middle class not invest anymore? Why did this become something associated only with the ultra wealthy? Getting money diversified in the stock market as early as possible is one of the smartest things anyone can do financially and it really doesn’t even take that much to really gain steam over time as long as you keep at it.
For one, the middle class doesn't really have a definition. It's used as a term to suit someone's rhetorical purpose. Middle class can mean anything from the median income range to simply the working class. It can mean average net worth or household income. All of these can be wildly different depending on who is doing the discussing and their purpose.
Secondly, there is significant wealth disparity in America between the ultra rich and those in the "middle class." Often when people talk about the investor class, I assume they mean those at the very upper echelon of wealthy Americans. When they invest, they are not building a portfolio like you are. They are exponentially increasing their money. Bezos for example has added billions and billions to his portfolio while most of America has experienced either a recession or worse, extreme hardship due to the pandemic.
Your nice portfolio is about securing a nice retirement. The investor class's portfolio is about establishing power and influence at both the cultural and government level.
Politicians and activists use these kind of statements to persuade voters. They see capitalism as an offense and despite the middle class being able to invest and have a nice, fulfilling life, they want to appeal to the emotions of the public and lead them to believe they are unable to invest in the market because of those who have more than them.
Anyways, you're exactly right. Anyone making any kind of money can save and invest. People choose to live outside of their means or expect to have more than they've worked for and then feel like they can't invest. They also don't understand what invest means and think the stock market is like betting on horse racing - a means to place money somewhere and see it turn into something big.
Don't listen to anyone saying the middle class doesn't invest and that there's a difference between an investor class and any other class.
Posted on 7/19/20 at 7:33 am to OysterPoBoy
quote:
I know the resale value won’t go up much
You mean you know the resale value will go down dramatically. If you didn’t mean this you are doomed for retirement.
Posted on 7/19/20 at 7:35 am to jlovel7
I doubt it. If so, very little.
I have co-workers that are in their 40's and still paying minimum payments on their school loans. This is being out of school for 10-15yrs.
I have co-workers that are in their 40's and still paying minimum payments on their school loans. This is being out of school for 10-15yrs.
Posted on 7/19/20 at 7:35 am to jlovel7
quote:
She complains about how hard she has it but that she likes to get her nails redone at $60 a pop multiple times a month.
Jacked up nails is a no go.
Posted on 7/19/20 at 7:36 am to jlovel7
Cheap money (low interest rates). No need to invest if you can finance the things now type mentality, and it’s encouraged.
High interest rates quell inflation and cause people to save.
High interest rates quell inflation and cause people to save.
Posted on 7/19/20 at 7:37 am to jlovel7
Platinum truck nuts supersedes your silly investment suggestion baw
Posted on 7/19/20 at 7:42 am to jlovel7
Middle class and I invest every month and I’m not just talking about retirement accounts.
Posted on 7/19/20 at 7:47 am to jlovel7
Do me a favor, go check out Gofundme. That will tell you all you need to know about the middle class saving and investing.
Posted on 7/19/20 at 7:53 am to jlovel7
There’s a book called The Millionaire Next Door
Most millionaires don’t flaunt their wealth. They work their arse off for it, budget and save.
Most millionaires don’t flaunt their wealth. They work their arse off for it, budget and save.
Posted on 7/19/20 at 7:53 am to DCtiger1
Invest now much and in what
Popular
Back to top
Follow TigerDroppings for LSU Football News