Stocks are up but 80% of the value is held by the richest 10%
I&#x27;ve come to realize that Hacker News for the most part is not a good forum for discussing the market. There seems to be a lot of disdain and calling it a &quot;rigged&quot; system that makes the rich richer. Just look at the comments at the bottom of this thread. That sort of mentality is ill-informed of finance and the market.<p>The market is not only for millionaires and billionaires. You can trade $6.95 on ETRADE now and can even trade for free with Robinhood. I actually hold about 80% of my holdings in ETRADE and 20% in Robinhood. I use Robinhood for buying smaller chunks of shares (lowering dollar cost average) or more risky smaller trades.<p>Savings accounts are stupid! They offer fractions of percent interest. Look at exchange-traded funds that track an index such as the S&amp;P 500 or Nasdaq Composite. My personal favorite ETFs are the tried-and-true SPY and QQQ.<p>I wrote a blog post on Robinhood and leveraging capital using margin on my blog for those interested:<p><a href="https:&#x2F;&#x2F;justink.svbtle.com&#x2F;leveraging-capital-using-robinhood-gold" rel="nofollow">https:&#x2F;&#x2F;justink.svbtle.com&#x2F;leveraging-capital-using-robinhoo...</a>