return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 2 months agoThe ultra-wealthy just gained $49 trillion in wealth thanks to stockswww.cnbc.comexternal-linkmessage-square9fedilinkarrow-up1215arrow-down18
arrow-up1207arrow-down1external-linkThe ultra-wealthy just gained $49 trillion in wealth thanks to stockswww.cnbc.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 2 months agomessage-square9fedilink
minus-squareoriginalfrozenbanana@lemm.eelinkfedilinkarrow-up9arrow-down1·2 months agoI guess the difference there is that the wealthy can take out loans and secure assets like houses against their stocks but yes the stock market isn’t real
minus-squarepopcap200linkfedilinkarrow-up5·2 months agoI mean, regular people can do that too, just not to the same extent. Robinhood is offering 6.75% now on margin loans, and IBKR has like 6.85% or so.
I guess the difference there is that the wealthy can take out loans and secure assets like houses against their stocks but yes the stock market isn’t real
I mean, regular people can do that too, just not to the same extent. Robinhood is offering 6.75% now on margin loans, and IBKR has like 6.85% or so.