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It's very sad. I strongly believe that far, far fewer people would be doing this kind of risk-taking if their savings account was yielding at or above inflation
by jbay808 5y ago
It's very sad. I strongly believe that far, far fewer people would be doing this kind of risk-taking if their savings account was yielding at or above inflation, as it did from the 80s to around 2005.
- throwaway6734 5y agoThere are much safer assets that have generally stable returns. These people are looking to get rich quick
- stanski 5y agoOr in many cases, get not poor quick.
- heavyset_go 5y agoThere's this, but they're also unsophisticated investors doing unsophisticated investor things. Many of them truly don't understand what a good or bad investment is.
- throw1234651234 5y agoSo are those of us cramming leetcode for FAANG...not so different after all.
- twiceaday 5y ago"get rich quick" by studying arduously for a full time job interview...
- jbay808 5y agoSafer and more stable relative to GME, absolutely. But I'm also worried about the very large group people that have thrown most of their savings into the S&P 500.