Part 1Is Basic Capital too good to be true?
After all, a company doesn’t come along to claim that its offering something better than an Index ETF or better than a 401(k) match very often…If you’re reading this, chances are someone you know told you to check Basic Capital out, or maybe you saw a post on Reddit and thought you’d take a look.
After all, a company doesn’t come along to claim that its offering something better than an Index ETF or better than a 401(k) match very often…
If what we’re building at Basic Capital sounds too good to be true, then we’d love to earn your trust by explaining why we’re dedicating our lives to building Basic Capital, how it works, and what you can expect from us.
When Bill Ackman and Henry Kravis decided to invest in our company, they did so because they believed in our vision.
They agree with us that financial engineering can be a source of wealth generation for the masses.
But for many folks, the concept of getting an endowment to invest in the stock market ‑ $5 for every $1 dollar that you invest ‑ sounds too good to be true.
In a world filled with false promises, predatory lenders, crypto dreamers and schemers, and other dubious innovations, it’s completely reasonable to be skeptical.
So, over the course of a few quick posts, we’ll go over: