Financiers & others say UK savers should embrace risk in their investments to get better future returns (& help investment in UK businesses).
But, these well-off investors, advisors & politicians miss-understand the downside risk for those not in as comfortable life positions as themselves.
They might be able to easily weather a loss of savings, but for those with little extra, a loss of slowly accrued savings is devastating - that's why they won' take a higher risk!
Would you?
Otherwise known as 'the St. Petersburg Effect' . The logical outcome of which would be for the government to provide safe investments - such as gilts and #nationalsavings - for the less well off and to balance this out by investing in high risk areas itself! This was a policy towards which the #uk was moving half a century ago - before the advent of #margaretthatcher . An example of a road not taken ?
Thanks, that's a really good point (and boosted).... I think I might have known that once, but had definitely forgotten - thanks for the reminder
@djr2024 @ChrisMayLA6 Time for me to once again push that petition I set up to encourage them to do so
Produce a service (either a unique one or an extension of NS&I) where people can lend money to Government on a per-project basis, in the vein of similar investment platforms aimed at the private sector.
Emeritus Prof Christopher May
Donald Roy
beemoh