4 ms·
In other words, you are exposed to approximately 0 downside risk and 0 upside risk when you give your money to a bank. That is practically the opposite of them
by gizmo686 6y ago
In other words, you are exposed to approximately 0 downside risk and 0 upside risk when you give your money to a bank. That is practically the opposite of them gambling for you.
It is a fine critism to say that the bank uses your money to invest for itself, and you would rather use your money to invest for yourself; or that you would rather have input in what your money gets invested in for reasons other than financial return.
I'm not sure why you put "insured" in quotes. Do you have doubts about the FDIC?
- lm28469 6y agoThey make 7% average per year while you get none of the benefits and when they fail they get bailed out. You get nothing, they get everything