cross-posted from: https://lemmy.ml/post/287387
is my logic wrong here, like shouldnt any sane person then invest virtually all their money?
i suppose the main counterargument is that its safer in a bank, anyway im not too knowledgeable so i wanna hear what people have to say here
That all depends how much money you have. It’s hard to make a profit investing $100, but it’s much easier to make a profit investing 10 million.
Banks also loan money to people or businesses with interest. They take our money and loan it out to others, make some profit off the interest they charge, and reward us with a tiny portion of that interest for keeping our money in their bank.
You are free to do it. It is just that for most people delegating money management is more convenient than do it themselves
