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Are there Italians in the community?
Posted: Mon Jun 26, 2023 2:20 am
by lillo9546
Hi guys,
Are there Italians in the community?
Please raise your hand, and say where you live (if you'd like to)
Re: Are there Italians in the community?
Posted: Mon Jun 26, 2023 2:45 am
by Seppia
Buongiorno
I’m Italian, living in south Florida
Re: Are there Italians in the community?
Posted: Mon Jun 26, 2023 7:49 am
by lillo9546
Seppia wrote: ↑Mon Jun 26, 2023 2:45 am
Buongiorno
I’m Italian, living in south Florida
Ciao Bello!
What's your POV about an italian vs an american life perspective on investiments?
Is there a way an italian could match an american?
Re: Are there Italians in the community?
Posted: Mon Jun 26, 2023 2:21 pm
by Seppia
I really don't understand the question sorry
Re: Are there Italians in the community?
Posted: Wed Jun 28, 2023 4:51 am
by Stahlmann
Seppia wrote: ↑Mon Jun 26, 2023 2:21 pm
I really don't understand the question sorry
Americans: believe in stock market, everybody talks this since high school (at least even in 401k thing way), retirement is based on what you invested during lifetime in stocks, entrepreneurship mindset is promoted, etc, etc
Italians: time for you answers Seppia
Re: Are there Italians in the community?
Posted: Wed Jun 28, 2023 5:06 am
by Seppia
Ok understood.
Without falling in stereotypes, Italians certainly associate investing with home ownership (we call it “investire nel mattone” which means loosely “investing in bricks”).
The stock market is seen like kind of a casino.
That is due to 1/ ignorance and 2/ the fact that many who play with stocks do so with either the “day trader” or the “stock tip” attitude, resulting almost inevitably in losses.
On top of this, the long history of socialism we have (the communist party got to 30% of the votes in the 80s) create this perception that financial gains are “evil” and not something that is effectively “earned”.