crypto

Me explaining my risk tolerance: max pain, max gain.

Dark but in a past life I wanted to be an actuary:

They will say bitcoin is too risky, but will divert 8-20% of their income into a 401K that unlocks at 60. The issue is you can look up survivorship rates since insurcos and actuaries build up these statistics, and you have around a 20% chance of dying before 60.

Basically liquid global cash reserves are too risky, but they don't account for the volatility that you receive $0 with 20% chance in a 401K (you're dead).

Engineering @Anchorage Digital | 

Crypto/blockchain tech enthusiast

Dark but in a past life I wanted to be an actuary:

They will say bitcoin is too risky, but will divert 8-20% of their income into a 401K that unlocks at 60. The issue is you can look up survivorship rates since insurcos and actuaries build up these statistics, and you have around a 20% chance of dying before 60.

Basically liquid global cash reserves are too risky, but they don't account for the volatility that you receive $0 with 20% chance in a 401K (you're dead).

https://www.ssa.gov/policy/docs/rsnotes/rsn2016-02.html

I have much to say about this. My ex was insurco.

When you kind of think about structured products for the average American, many of them are either "long you die before 60" or "long you survive after 60".

The problem is most Americans buy both at the same time thinking they are protecting themselves, but they're actually being harvested by theta decay (premiums and fees). You're not actually exposed to any volatility at all. If one leg pays out the cost of holding the options pretty much outweighs the gains.