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A comment on Robinhood and How to Lose Money. Parent comment

Re:Robinhood and How to Lose Money by rydre on Monday July 20, 2020 @02:32AM (#23895218)
The quality of life increase fore mere 8% return is not as much. You'd need much higher returns for many people to make them not use the money now. Losing 1K every month for 5 years for a person who make 200k a year is not much Given the chance to make 100million - billion even if is very little.

Think of it as being a indie VC. Most investment will lose, the ones that gain might make you a lot.

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Re:Robinhood and How to Lose Money by WalterBright on Monday July 20, 2020 @02:54AM (#23895318)
Your odds are still likely better than lottery tickets.
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Re:Robinhood and How to Lose Money by rydre on Monday July 20, 2020 @03:02AM (#23895369)
It's not all about the odds. Sure at an aggregate level it might make sense. But instead of looking at it as mere % expected return, look at it as a tiered return. Above 200K I'd need 1M+ a year to improve my life. Above that, I'd need 10M+ a year. Above that 50M, then 500M and then 4B a year etc.

The quality of life improvement varies in the income bracket. Not every % increase is equal for individual humans.

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Re:Robinhood and How to Lose Money by tinus_hn on Tuesday July 21, 2020 @02:20AM (#23904724)
Storing money in a sock has better odds than lottery tickets.
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