4 ms·
"Where you happen to work is a totally arbitrary consideration relative to where your money should be..." It is actually worse than that. To diversify and red
by greeneggs 13y ago
"Where you happen to work is a totally arbitrary consideration relative to where your money should be..."
It is actually worse than that. To diversify and reduce your financial risk, your money should be concentrated away from where you work. (Otherwise, for example, if the company goes bankrupt, you lose both your savings and your job!)
- icambron 13y agoDepends on what you consider your risk tolerance to be; you could equally say you're doubling down on the success of the company: "when this place takes over the world, it'll help my career and increase my savings". The real problem is considering your employer part of your investment strategy, combined with the craziness of regular people picking stock market winners, per the article and GP's point.