/biz/ - Business & Finance

>>1547254
There's nothing about a criminal record that prevents you from investing (unless you were convicted of securities fraud and restrictions were part of your sentence).

But if you think $25K is going to turn into a million bucks in 20 years you're criminally stupid. The only reason compounding and long-term investing works so well is that people add to their savings regularly. Those many small additions add up to a lot over time.

Good luck doing that while in prison and having zero income.

>>1547254
That's a really good question.
Some prisoners have to have internet access, but I'm unsure on the legalities. You could definitely have someone do it for you on the outside, but again legalities, maybe nothing could stop them from robbing your ass.

>>1547700
>>1547265
Mainly concerned about funds being frozen. Not sure if prisoners are allowed to look at their bank account.

>>1547254

Fyi you'd probably be looking at around $100k not $1 million. And since you wouldn't have been paying into Social Security, you'd have a hard time supporting yourself off of that. Now, if you can commit some small time gang crimes while in prison and get your sentence stretched out to about 45 years you'd be in the clear. Of course, a prisoner used to eating Ramon noodles and taking 15 second showers and wearing the same clothes everyday ect probably doesn't need one million.

>>1547741
Pretty sure you could look, or at the very least, have someone look for you.
But frozen/no access is more of a concern. Then even outside help couldn't benefit you.

I work at a bank, I know prisoners sometimes call to check their balance because they have utility bills or something on the outside.

Like another anon said, so long as your prison allows you to contact the outside world and investment restrictions aren't part of your sentence it's possible.

>>1547783

>Nogs being financially responsible and paying bills.

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