Investing! The (boring) truth

Here on Moomoo, we are all in search of wealth.

But what is wealth? During 2020 COVID, advanced economies like US and Europe unleashed unprecedented stimulus. While most of this cash went to the ordinary people, they were used to pay rent, groceries and loans.

Ultimately, the stimulus money ended up in the hands of corporations that owns buildings, banks and businesses. For the ordinary people, the pandemic payout they received is transitory and has no lasting effect.

The stock market allows us - the ordinary people - to own a piece of these companies. One you may want to look at is Berkshire Hathaway Class B. It is a conglomerate of varied and wonderful businesses, with the largest ones being insurance, energy and railway. Boring stuff but essential. In 2010 after a 50:1 stock split, these Class B shares were trading at around $70. Today the same shares are worth $460. This represents annual 14% compounded gains.

Fintech companies like Moomoo are heaven-sent for us regular investors. Now we can buy shares of wonderful business at low cost. You can do dollar-cost-averaging easily. Also you can buy fractional shares of any sizes regardless of your financial strength. Invest smart. Invest with Moomoo!