Misconception of The Minimum 1 Lot and The Investing and Trading is Expensive

I have begun actively invite people to not only in cryptocurrency but other forms of trades and investments as well. My experience with Generation Z and my fellow Millenials is that they are eager to try. If they do not want to try, are either they do not have any money to spare or they are really not interested which are general reasons that can apply for anybody. However, my experience with older generations, baby boomers and above is that they have a misconception. True that there are people like Warren Buffet who does not believe in the future of cryptocurrency because they believe that it does not have underlying asset etc but this is not the misconception that I am talking about. There are few who believes in its future, and many who does not care but are open minded but they are scared to dive not only into cryptocurrency but all other forms of trades and investments as well.

The Misconception of Minimum Transaction

In the past, many brokers requires us to purchase a minimum of 1 Lot (securities trading), but what is 1 Lot?

• 1 whole Bitcoin is currently $50000.
• Bonds, 1 Lot = from $1000 to $5000.
• Foreign Exchange (Forex), 1 Lot = $100000.
• Stocks, 1 Lot = 100 shares
• Gold and Palladium, 1 Lot = 100 troy ounce.
• Silver, 1 Lot = 5000 troy ounce.
• Wheat, Corn and Soybeans, 1 Lot = 5000 bushels.
• Live cattle and lean hogs, 1 Lot = 40000 pounds.
• Crude Oil, 1 Lot = 1000 barrels.
• Heating oil and unleaded gasoline, 1 Lot = 42000 gallons.

If 1 Lot is really the minimum, then buying Apple stock requires a minimum of $14860 because the price is $148.6 per shares and 1 Lot = 100 shares = $148.6 * 100 = $14860. I was once approached by a salesman of a broker to invest in General Motors Company (GM) and I thought I…