News for hackers. Stuff that matters.

A comment on Reddit has become a guide to personal finance. Parent comment

Re:Reddit has become a guide to personal finance by neves on Wednesday March 04, 2020 @09:22AM (#22483956)
You can say this about any advice. My brother worked in a bank. They gave bonus for everyone that sold a specific financial product for the clients. The internal name of the product was "good for suckers".
[ Parent | on HN ]
Re:Reddit has become a guide to personal finance by icedchai on Wednesday March 04, 2020 @12:44PM (#22485864)
Let me guess.. annuities? VULs?
[ Parent | on HN ]
Re:Reddit has become a guide to personal finance by neves on Wednesday March 04, 2020 @02:18PM (#22486950)
It was in Brazil, I don't know the equivalent. The name here was "capitalization title", it has terrible profitability, liquidity, but you can win "prizes". Almost a lottery.
[ Parent | on HN ]