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A comment on Launch HN: Financial Choice (YC S21) – Checking accounts with market returns. Parent comment
When the bank screws up and loses 90% of my money, I'm guaranteed by the FDIC to get it all back (as long as it's under the insured amount).
When I screw up, I lose money.
Sure, that's the way investing works, but people generally separate "funds I can afford to invest/lose" from their day-to-day checking accounts.
These days, you can just electronically transfer your money to your broker and it's available "instantly". I am not really seeing an advantage.
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When the bank screws up and loses 90% of my money, I'm guaranteed by the FDIC to get it all back (as long as it's under the insured amount).
When I screw up, I lose money.
Sure, that's the way investing works, but people generally separate "funds I can afford to invest/lose" from their day-to-day checking accounts.
These days, you can just electronically transfer your money to your broker and it's available "instantly". I am not really seeing an advantage.