4 ms·
Ask the people who worked for Thomas Cook about risk.
by vertex-four 7y ago
Ask the people who worked for Thomas Cook about risk.
- walshemj 7y agoThey will in the UK at least get some back pay via RB2 (I have had to fill out one of those). RB2 Is the form you fill out if an employer goes bust, to get some cash from the government.
- vertex-four 7y agoYes, but you now don't have a job, even if you get paid for every hour you worked. Jobseekers is only a partial safety net. On the other hand, nearly everyone who saw their shares in Thomas Cook go to 0 had investments in a number of other things, so only took a minor hit. The risk of investing is, in the large, "my £10,000 might be worth £9,500 tomorrow", not "tomorrow I might lose my job through no fault of my own and suddenly have to make a major lifestyle change".