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What is freedom if not the ability to take advantage of opportunities? Again, the correlation is obvious to anyone who actually uses this stuff. If I want to t
by trophycase 5y ago
What is freedom if not the ability to take advantage of opportunities?
Again, the correlation is obvious to anyone who actually uses this stuff. If I want to trade on margin on Fidelity, I need to sign some forms, go through a lengthy application process which may or may not actually be accepted to finally be able to trade with high interest rates and non-transparent margin requirements (my fidelity margin requirements change out from under me nearly every single day) routed through rent seeking, too-big-to-fail hedge funds and dark pools with T+2 order execution and restrictions on when during the day I can trade (only during day trading hours). Oh and don't accidentally trip up a "good faith" violation and have your account suspended from margin trading for a month even though you've done nothing wrong, and their antiquated systems simply aren't able to account for the fact that you weren't, in fact, trading money you didn't have.
Just let me do what I want with my money, it's pretty simple. Sure maybe there are negative externalities that come with that, but freedom isn't free.
- adreamingsoul 5y ago> "What is freedom if not the ability to take advantage of opportunities?" We probably have differing perspectives of what freedom means. Financial freedom to me means dedicating my time to doing things that enrich my lived experience. > "Again, the correlation is obvious to anyone who actually uses this stuff" I don't know if it is your intention, but I find that to be dismissive and unnecessary. I would appreciate the opportunity to discuss opposing viewpoints with civility.