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What I had a problem understanding is the worst case scenario, specifically that wouldn't i better off by just going to Marcus or Ally? There i don't "win" anyt
by shayankh 6y ago
What I had a problem understanding is the worst case scenario, specifically that wouldn't i better off by just going to Marcus or Ally? There i don't "win" anything but in the long run the yields are worth it, which I don't get from you?
- adammoelis 6y agoYes you are right. In a worst case scenario where you never win a prize, you do have opportunity cost because you could have earned more from a Marcus or an Ally.
- Jommi 6y agoBut in the best case you might be far better with this option.
- gruez 6y agoI think someone did the math and the effective interest factoring in the expected value of the prizes is just above 3%. That's significantly higher than what you can get with a regular savings account. https://news.ycombinator.com/item?id=23781247 https://news.ycombinator.com/item?id=23781247