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Your math assumes he lost 0% on the rest of his savings, while "those storing equity in ultra boring indexes" where storing 100% of their savings there. Is tha
by Imnimo 4y ago
Your math assumes he lost 0% on the rest of his savings, while "those storing equity in ultra boring indexes" where storing 100% of their savings there. Is that really a fair accounting, in your opinion?
- notch656a 4y agoIf you assume I assumed the things you assumed then I assume we can assume that would be a fair question.
- rnk 4y agoGenerally people don't lose all their investments in a stock or index fund. They might go down in price 10% on fund xyz but won't lose all their value. Do you not get that difference with this, this would not happen if he bought stocks with 10% of his money.
- notch656a 4y agoIf I buy a fund that holds 90% cash and 10% of a BlockFi farming contract, then I only lost 10%. OP said only 10% was in blockfi, so he did not lose all his value.