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RE: What do rich people do differently from poor people?

in LeoFinance3 years ago

Even traditional investing has gotten a lot easier in recent years. It wasn't so long ago that if you opened a brokerage account you would be paying $20-$25 per trade or more. Now, with various firms offering free trades and easy to use apps, the most famous (or infamous depending on your POV I guess) of which is Robinhood, it's an easy game to play for everyone whether you want into crypto or stocks. If you do want to "save" vs. more risky investment then I think precious metals is still the way to go. They still act as a pretty good hedge against inflation and I doubt that's going to change soon. I think the old advice to diversify still applies now as much as ever.