alanbwt on Nostr: “Yield” is attractive psychologically, but idiotic financially. ...

“Yield” is attractive psychologically, but idiotic financially.

quoting note1a86…e5s4

its so tempting but every time i look at it, it doesn’t actually make financial sense. and thats not even accounting for the extra risk. with the extra risk it has a negative return. have avoided losing so much corn by not getting involved with promising yield products that have ended in tears, sometimes highly recommended by otherwise maximalist iNfLuEnCeRs.