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/biz/ - Business & Finance

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30385392 No.30385392 [Reply] [Original]

How come normies don't invest themselves? I don't even do any serious math, I just read about an investment, weigh in the risk and put my money in an investment.

It really not that hard, why does the media make it seem like rocket science?

>> No.30385467

The average person is a high school graduate

>> No.30385514

>>30385392
Because ~70% of society is in the slave tier.

>> No.30385548

>>30385467
not me

>> No.30385692

>>30385392
with the combination of lower purchasing power of average wage as compared to a couple of decades ago, ever rising rent prices, rising cost of education (and resulting debt) and just the trend of lmao CONSOOOOM for short term gratification and dopamine rush instead of long term gain or financial security (buy a new phone 2x a year, get that new console, new clothes, new car, go travel to get drunk and take selfies multiple times a year, etc.) they just do not have the money or don't even think about it since they are always mindlessly CONSOOOMing and mid dopamine rush or chasing that rush

>> No.30385723

Well considering your perspective you wouldn’t know would you your not other people so ask maybe? Be are alarming aware just disobedient to themselves

>> No.30385736
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30385736

>>30385392
In the web industry, it's common knowledge that if the user has to fill out any forms to use the website, only 10% of people will even bother. If you ask the confirm email, only about half of the users will ever bother. If you start asking for personal information, credit card info, etc, another 90% of users will disappear (yes even real people who actually want your product, but just can't be bothered to fill out a form or take any risk with their personal info.)

Crypto websites and even just regular brokers have insane hurdles to jump through that take weeks, verifying your bank account transactions and everything. I know it doesn't seem like a lot. But it can easily kill 90% of potential users who are apathetic and don't care that much.

This explains why robinhood got so huge, for example.

>> No.30385747
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30385747

>>30385392

>> No.30385804

>>30385392
First of all, most people are pretty stupid. Nobody likes to discuss this in public, but it's true. Thanks to decades of third world immigration, over half of the population has a double digit IQ. Most of these people would struggle to do any kind of meaningful quantitative analysis. I think they also assume the banks/investment advisors have some secret knowledge about what securities/industries/etc will do well and thus will outperform them.

>> No.30385805

>>30385392
Most people are incapable of thinking long term

>> No.30385861

>>30385392
Normies have no money to invest
They're stuck in loop of debt and consuming