Well, if the guy selling it isn't worried, we're in the clear, right everyone? /s
I liked the description of the product when I first read it. I really did. But I'm losing confidence the more OP keeps pushing in the comments.
This might be a decent product, but I'm wary of someone who is pushing hard to let them create investment accounts on other platforms on our behalf. It just feels like the kind of thing that when it blows up in the future, hindsight will say, "Why did you let someone do that in the first place?"
YOLO is definitely an interesting approach for a financial company. Didn't people shit all over Plaid for taking this approach? Training people to give their financial credentials to 3rd parties is not the best.
Hey, cut him some slack, he did say he was in the business of "making saving exciting." The risk of handing over your financial credentials is exciting because you never really know what may happen!
I also find the use of ibonds funny for a service that ostensibly exists to encourage people to invest. Pointing people at a vehicle that currently (and for the foreseeable future) offers zero real growth by definition isn't going to make the world into successful investors.
I liked the description of the product when I first read it. I really did. But I'm losing confidence the more OP keeps pushing in the comments.
This might be a decent product, but I'm wary of someone who is pushing hard to let them create investment accounts on other platforms on our behalf. It just feels like the kind of thing that when it blows up in the future, hindsight will say, "Why did you let someone do that in the first place?"