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Articles like this strike me as FUD no matter how hard i try and read them another way. "Risk" is such a wide spectrum when it comes to financial investments. J

Articles like this strike me as FUD no matter how hard i try and read them another way. "Risk" is such a wide spectrum when it comes to financial investments. Just look at the crypto crash today, and there are hundreds of billions invested there still. Robinhood giving younger people access to options is hardly a doomsday risk scenario in my mind. Robinhood may well be responsible for a generation gaining investment literacy decade(s) before adults have in the past. Some of these young investors might be burned early, but i'd take the long view and wager that those who start learning now come out ahead in 10-20 years.

RosanaAnaDana 5y ago
Cost of tuition.
andreilys 5y ago
Or they end up spending the next 10-20 years paying off margin and credit card lines they used to invest in high risk assets. This guy literally maxed out credit cards and bought doge on margin. https://www.nytimes.com/2021/05/14/technology/hes-a-dogecoin-millionaire-and-hes-not-selling.html https://www.nytimes.com/2021/05/14/technology/hes-a-dogecoin...
- nexuist 5y ago
  How is this any different from spending $70k a year on some useless degree with 0 job prospects? People will always find ways to lose money.
- s1artibartfast 5y ago
  Isn't this the point of bankruptcy. If this guy ends up bankrupt, it will be signal to future creditors that maybe they aren't the most prudent investor. From the other perspective, isn't it the individuals risk to take? Even if it is essentially gambling, this is something that people are allowed to do. Why would a person be permitted to bet their life savings and max credit on black in a casino, but not some speculative coin? Random fact: Terrance Watanabe may be the largest looser in the history of las vegas gambling, having lost over 220M over a 5 year period. He was also sued by Casinos for over 15M of credit they provided him to gamble with.

RosanaAnaDana 5y ago

Cost of tuition.

andreilys 5y ago

Or they end up spending the next 10-20 years paying off margin and credit card lines they used to invest in high risk assets. This guy literally maxed out credit cards and bought doge on margin. https://www.nytimes.com/2021/05/14/technology/hes-a-dogecoin-millionaire-and-hes-not-selling.html https://www.nytimes.com/2021/05/14/technology/hes-a-dogecoin...

nexuist 5y ago
How is this any different from spending $70k a year on some useless degree with 0 job prospects? People will always find ways to lose money.
s1artibartfast 5y ago
Isn't this the point of bankruptcy. If this guy ends up bankrupt, it will be signal to future creditors that maybe they aren't the most prudent investor. From the other perspective, isn't it the individuals risk to take? Even if it is essentially gambling, this is something that people are allowed to do. Why would a person be permitted to bet their life savings and max credit on black in a casino, but not some speculative coin? Random fact: Terrance Watanabe may be the largest looser in the history of las vegas gambling, having lost over 220M over a 5 year period. He was also sued by Casinos for over 15M of credit they provided him to gamble with.