| Kasz216 said: Or they could hire an investment guy. That's what I do. Though instead of using that extra money from not drinking and smoking to invest, i mostly use it to work less hours. You just get some investment or index funds, there is a bit of a rush to high yield invetment funds lately granted. There is plenty of oppurtunity to make some good money though and get yourself to a good middleground/ get some assets. Of course the issue with that is, it really wouldn't work for someone like you right now, since people on government assitance would end up shooting over top their "wealth limits" pretty quickly to get goverment assistance. I don't qualify for a lot of stuff I might otherwise due to having investments. Then you can worry about getting rich from there if your worried about such a thing. It's not like anyone thinks people go from poor to bill gates within a month. |
What kind of investment guy is going to work with someone who has, at most, $200 TOPS a month, to play with? That small amount of money isn't hiring anyone, and they won't get anyone but a sales type who will pitch this or that mutual fund. When you are on the bottom end, you get the office the shelf variety.
In my case, even if I get working again (as of now, I am on handouts so there is no investing), it would be best I pay down my credit card at this point. I also need to keep my car on the road. Best long-term thing isn't paper investments, but develop IP that can sell.
Paper assets pay so poorly on a return now, whether it be dividends or interest paid (bonds) it just isn't worth it on the lower end. People on lower end are best acquiring skills and trying to do business stuff, as in entrepreneur. Trying to play appreciation game with paper assets is a huge risk at this point.
