Re:We need to rethink employee compensation
by smileysteve on Thursday June 25, 2015 @02:29PM
(#9779952)
> That's gambling on the stock market.
A gambling game where the house historically doesn't win (if you don't try to day trade). And historically, your money doubles in ~7 years.
> Sure, there are plenty of people who hit that jackpot too
Yes, many people hit that jackpot.
> let's not lump that together with the idea that 9-5 salary is a way to get rich.
There are many well off upper middle class that own multiple homes this way and retire at a reasonable if not early age, with a net worth that will leave substantial amounts to their kids.
A gambling game where the house historically doesn't win (if you don't try to day trade). And historically, your money doubles in ~7 years.
> Sure, there are plenty of people who hit that jackpot too
Yes, many people hit that jackpot.
> let's not lump that together with the idea that 9-5 salary is a way to get rich.
There are many well off upper middle class that own multiple homes this way and retire at a reasonable if not early age, with a net worth that will leave substantial amounts to their kids.