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> The new added standards are less "regular people" than the the old, continued standards I generally agree with your comment, but this doesn't make much sense
by throwawaygh 6y ago
> The new added standards are less "regular people" than the the old, continued standards
I generally agree with your comment, but this doesn't make much sense. The old "$200K/300K or $1MM outside primary residence" standards are continued, right? So by definition, in raw numbers, there could only ever be at least as many "regular people"...
- dragonwriter 6y agoI'm not saying their are fewer "regular people" in total (which, as you note, would be impossible, since this only adds new categories, rather than narrowing or eliminating old ones). I am saying that the new categories are less "regular people" than the existing, continuing ones, and are not opening up risk to regular people. The risk to "regular" people who are unsophisticated in investing is almost entirely in the old categories.