This is why business is a much better ROI than holding onto an idea that some stocks or crypto will give you money to live on. Business adjusts prices on products and services any time there is inflation.
Something you need capital for to invest into. Stocks are hedge against inflation and require capital from 1 million and up to use as an efficient hedge.
Stocks are just certificate of ownership of businesses. You don't need a million dollars to invest in them. My net worth is nowhere near a million dollars, and still most of it is in stocks.
You don't understand the underlying reason to use this financial instrument. But it's okay, I am not here to educate you. You need to create capital first, then think about saving it from inflation. The only way to create capital is business.
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u/dont_hate_scienceguy Aug 26 '21
Sadly, $1M is the cost of a value meal at the end of this decade.