Politics aren’t Manward’s beat.
How to make it… how to protect it… and how not to let it rule you…
But in an age where everything’s political, it’s impossible to talk even about money without turning an eye to our elected officials… and what they want to do with your money.
Take this week’s big announcement from Biden’s camp. Fresh off the unveiling of his “zero accountability” agenda, Biden has settled on a running mate…
Like Biden, Sen. Kamala Harris is a vocal supporter of a government-guided economy.
In her time on the campaign trail, she offered up all the freebies you’d expect from a politician eager to buy some votes: free income… free college… free child care… free healthcare…
But here’s what really made us raise an eyebrow… and has us worried about our money.
In a debate last year, Harris called out Trump for focusing on stock gains as a measure of prosperity. “Well, that’s fine if you own stocks,” she said. “So many families in America do not.”
To us, that says more about our nation’s embarrassingly low levels of financial literacy than anything about social disparity.
To complain that stocks are out of reach for modern Americans is laughable.
The idea may have held some water in the pre-internet days, before online brokerages and commission-free trading made it easier and cheaper than ever to invest.
But thanks to those advances, anyone – of any means – can own stakes in the market’s hottest companies.
And the advent of fractional shares trading is making it even more accessible.
If you’re unfamiliar with the concept, here’s how Andy summed it up in June:
Don’t have $2,500 for Amazon (AMZN)? No problem. Plunk down $25 and get a hundredth of a share.
You still get voting rights, any dividend payouts and the full upside of the stock.
The only difference is the size of your stake.
Same rights… same gains… drastically lower price.
Trading at a Deep Discount
Not surprisingly, fractional shares have become hugely popular among new traders. Some small brokers now report that these types of trades make up 50% of their activity each day.
So at least there are some folks out there who are willing to take advantage of what the markets have to offer.
We love to see it.
Because complaining about a “rigged system” is easy… but it sure won’t make you rich.
To learn more about fractional shares – how they work, who offers them and what you need to get started – check out this edition of Markets With Manward.