Re:u/DeepFuckingValue and the GameStop Reddit mania
by troupe on Saturday January 30, 2021 @01:11AM
(#25966691)
> I hate letting my money sit in an account while smart kids can't afford college
If you know of a smart kid that can't afford to go to college, you could make them a reasonable interest loan and it would be a win for both of you.
Re:u/DeepFuckingValue and the GameStop Reddit mania
by fakedang on Saturday January 30, 2021 @01:53AM
(#25966899)
There's a YC idea there somewhere. Especially when a lot of family offices are looking at wealth preservation over volatility.
Re:u/DeepFuckingValue and the GameStop Reddit mania
by jmalicki on Saturday January 30, 2021 @03:14AM
(#25967299)
What is YC about it? It's called a predatory private student loan.
Re:u/DeepFuckingValue and the GameStop Reddit mania
by __MatrixMan__ on Saturday January 30, 2021 @01:02PM
(#25971293)
Agreed.
It doesn't matter that I'm the one collecting interest instead of the bank--I've still set that student up to go forth and play zero sum games until they're out of debt, which is the kind of thing I'm wishing for a way to avoid.
Re:u/DeepFuckingValue and the GameStop Reddit mania
by troupe on Monday February 08, 2021 @09:07AM
(#26064603)
> I've still set that student up to go forth and play zero sum games until they're out of debt, which is the kind of thing I'm wishing for a way to avoid.
You feel that society investing in education is a zero sum game?
All I'm saying is that it's a shame that we're taught that the point of investing is to make money, rather than make a difference with a side effect of having more money. Because left to its own devices, money tends to motivate some pretty awful things.
I don't want retire rich, I wanna retire post-scarcity. I hate letting my money sit in an account while smart kids can't afford college. Those kids are gonna develop the tech that saves my ass one day--or not--depending on how we play our cards now.
Blindly picking a fund based on performance just feels like shooting my future self in the foot.