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Money and Investing Have Changed, with Chuck Jaffee
Afford Anything
How Does That Affect Investor Psychology?
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The barriers to intry were higher, the transaction fees were higher. The initial amount of money that you would need in order to go into an investment was quite a bit high. Now you can buy fractional shares for five bucks well, and with no other costs. And then we have greater liquidity, which, on the one hand, people tell you it's really important. On the other hand, i actually tend to disagree. I think for the most part, liquidity is something that you're paying for that you don't really need.
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