• lurch (he/him)@sh.itjust.works
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    2 days ago

    that may well be, but you can be poor and still own shares. like if you have lots of debt, but are slowly paying it back and you have them from before that.

    also, like i mentioned earlier, there are really cheap ones, for example KYG8701T1388 is cheaper than a lottery ticket at the moment (but brokers have varying fees and there may be taxes).

    • DancingBear@midwest.social
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      2 days ago

      Absolutely, but your anecdote doesn’t change the facts.

      Owning stock absolutely gives you a defining characteristic, that’s all I was responding to, don’t have anything against folks who own stock or anything but to suggest that it’s far too big a group to have any defining characteristics is a little absurd…

      If you took all of the stocks in existence and picked one randomly, there is literally an 87% chance that the owner of that stock is in the top 10% of wealth ownership in the country, USA I mean….

      Our family owns some stocks I guess but we are not in the top 10 percent but my anecdote doesn’t change the facts either…