4 ms·
I think there are two reason why you should care how your bank invests money. 1) For society, because the government has to bailout your bank if they take risky
by konne88 5y ago
I think there are two reason why you should care how your bank invests money. 1) For society, because the government has to bailout your bank if they take risky bets. 2) As a customers, because you don't have any choice about how much risk/returns you get (which might be fine, if low risk/low reward is what you are after).
- akerl_ 5y agoLow risk / low reward is the entire premise of checking accounts. If this product was billed as “a brokerage with better tools for depositing/withdrawaling money”, the comments here would be radically different.
- koolba 5y agoAs a consumer with insured deposits I want my bank to make the highest risk/reward bets they can get away with by law. Let them make their money that way so they don’t need to go after me for nickle and dime fees. My deposits are always under the FDIC limit per account so outside the inconvenience, there’s no true risk of loss.