> Losing your job is not nearly the same as losing millions of dollars. You can just get another job. Those millions will be very hard to replace. Even if you get a 6 figure job, how are you going to get those millions back?
"You can just get another job" not that easy for quite a lot of people. Some people lose their job and that leads to losing their homes. If I had to choose, I'd prefer to lose millions of dollars than to lose my house in a vulnerable situation.
> robinhood.com says hello!
Yeah, and the casino exists too, and I bet the casino is safer. What I said is that with less money you don't have the same investment opportunities with the same risk/benefit ratios. Yeah, you can invest in stock and not do any of the crazy options stuff, but that's not really going to give you a lot of profit.
> Right. But that's their problem, not the company's problem.
Never said it's the problem of the company, just that the same amount of dollars has different value to different people. That's one of the mechanisms that makes it easier for people with more money to get even more money for no reason other than having more money: the more you have, the less it matters to lose a certain fixed amount. A $20k investment does not actually have the same risk for someone that has $30k in their account than for someone that has $10M.
"You can just get another job" not that easy for quite a lot of people. Some people lose their job and that leads to losing their homes. If I had to choose, I'd prefer to lose millions of dollars than to lose my house in a vulnerable situation.
> robinhood.com says hello!
Yeah, and the casino exists too, and I bet the casino is safer. What I said is that with less money you don't have the same investment opportunities with the same risk/benefit ratios. Yeah, you can invest in stock and not do any of the crazy options stuff, but that's not really going to give you a lot of profit.
> Right. But that's their problem, not the company's problem.
Never said it's the problem of the company, just that the same amount of dollars has different value to different people. That's one of the mechanisms that makes it easier for people with more money to get even more money for no reason other than having more money: the more you have, the less it matters to lose a certain fixed amount. A $20k investment does not actually have the same risk for someone that has $30k in their account than for someone that has $10M.