Should college students buy stocks?
My answer is absolutely yes.
This is actually a simple question.
Let’s break it down a little.
First, let’s look at costs and risks, and then the benefits.
The prices you usually see in the stock market are quoted per share.
But in Taiwan, the calculation is per lot (1000 shares).
So for college students, buying a lot is not feasible.
However, the price of one share is manageable for college students.
Taiwan now has fractional share trading, allowing you to buy just one share.
The price of a single stock can range from single digits to four digits.
One share of 0050 costs $63, which can be covered by skipping one breakfast.
The biggest risk is losing everything, but at most, it’s just a few months' living expenses or food money.
Assuming you might lose everything, it’s not a big deal.
The benefits include learning to buy and sell stocks and understanding various functions.
In the future, when you want to buy stocks in the financial market,
You’ll have a better understanding than someone who has never bought stocks.
You can also experience the power of compound interest early on.
Chart two shows that saving one thousand every month will earn you an extra 440,000 after 40 years, even calculating at 3%.
If you consider market growth and different products, it will far exceed the growth of 440,000.
If you want to save more in the bank, that’s not how it works.
You might not even keep up with inflation.
So I suggest those who have never bought stocks
Should study and take a look.
I am a stock market scholar. Since I haven’t published stock education content for a long time,
I’ve picked this name back up to write again.
If you want to learn more financial knowledge that teachers haven't taught,
Feel free to follow and share! $BTC
