Poorly. Call me paternalistic, but stuff like forex, angel investing, penny stocks, and super-leveraged anything is not suitable for the vast majority of small retail investors. Maybe, maybe it is OK for most as a small percentage of their assets. Maybe a somewhat higher percentage is OK for others who have spent dozens of hours learning the market and the risks. But you shouldn’t be actively encouraging them into crypto.
FTX’s marketing seemed clearly designed to draw in these sorts of investors without any warning that this was appropriate only for their fun money at most.
I have mixed feelings about taking $$$ from businesses I find morally shady—I think it’s a question the community should discuss in advance rather than when the next big megadonor comes along.
Poorly. Call me paternalistic, but stuff like forex, angel investing, penny stocks, and super-leveraged anything is not suitable for the vast majority of small retail investors. Maybe, maybe it is OK for most as a small percentage of their assets. Maybe a somewhat higher percentage is OK for others who have spent dozens of hours learning the market and the risks. But you shouldn’t be actively encouraging them into crypto.
FTX’s marketing seemed clearly designed to draw in these sorts of investors without any warning that this was appropriate only for their fun money at most.
I have mixed feelings about taking $$$ from businesses I find morally shady—I think it’s a question the community should discuss in advance rather than when the next big megadonor comes along.