The human traffickers that charge huge fees and sometimes take their clients captive while crossing the border do share a surprising resemblance to high fee investment advisors that get their clients trapped into complex investment products... sadly, in both cases, it is the high fee service provider that makes most the profit.
You could always become a human trafficker? That is probably the best way to directly profit off the "immigration boom". An alternative is to start employing those most desperate right as they cross the border. Starting a labor heavy business and underpaying your labor is one way to achieve a good profit margin...
However, if you want a more passive and less illegal approach![:wink:]( "Wink")
, I would encourage you to become a boglehead and consider total market index funds with low fees. Doing that will allow you to profit off of all the immigrants, wherever they may land after entering the country.
If you are unsure where to start, I would encourage the three fund portfolio as a good start or an all in one target date fund.
Good luck!
Founding Father
You could always become a human trafficker? That is probably the best way to directly profit off the "immigration boom". An alternative is to start employing those most desperate right as they cross the border. Starting a labor heavy business and underpaying your labor is one way to achieve a good profit margin...
However, if you want a more passive and less illegal approach
, I would encourage you to become a boglehead and consider total market index funds with low fees. Doing that will allow you to profit off of all the immigrants, wherever they may land after entering the country. If you are unsure where to start, I would encourage the three fund portfolio as a good start or an all in one target date fund.
Good luck!
Founding Father
Statistics: Posted by FoundingFather — Sat Jul 27, 2024 9:21 am