read.cash Log in
@RektflipOnNoiseApp

Me investing and earning money from globally diversified index funds means that I'm also passively earning money from "poorer" 3rd world economies while they aren't even able to do invest into their own economy. I'm passively earning money from their work while they aren't able to do the same. Where I live it takes less than 2 minutes to open up a free bank account with a stocks brokerage. You only have to hold your ID to your smarphone's NFC reader and your account is created and verified. Investing into the worlds economy to participate into it's long term growth is super easy here. I find it unfair that countries like Germany, Japan or the USA are super connected to the global financial markets and other "poorer" countries aren't. For me it's one click to invest into the economy of any country of the world. (Maybe besides North Korea) But while it's so easy for me it's difficult for the people who live in that country to even invest into their own economy. Somehow that's unfair.

No comments yet

Log in to join in Reading is open to everyone. Replying needs an account.