12 ms·

You can take both long and short positions. Although it seems that most people (almost everyone) shouldn't try to get too fancy with this.

• amiga_500 6y ago
  Short with the principal on a car? Here is what needs to happen: the vast majority of people need a steady job that sees them afford a car. They need to not be "financially literate" because the vast majority of options open to them are not financial footguns, and we need a world where playing financial games doesn't make or break a person. What was it Henry Ford did? a. gave all his workers a Robinhood account so they could play derivatives and try to afford one of his cars b. paid his workers enough to buy a car
  • vasco 6y ago
    This is a very US centric view of the world - whose gotten itself into a corner with urban planning centered around cars. People don't need cars, they need mobility and the ability to get around their surroundings efficiently. If we're making up solutions to the world, by all means raise salaries if you can, but I wouldn't center our goals around car ownership. Walk around, ride a bycicle, use public transportation.
    • amiga_500 6y ago
      Yes they might not need a car if there is public transport. That wasn't my point. My point was ordinary people shouldn't be looking to hedge the principal of something costing $15k with long/short positions in the stock market. This is the financialisation of yet another area of western life and it's not smart.