TraderJoe comments on Investing for the Long Slump - Less Wrong

8 Post author: Eliezer_Yudkowsky 22 January 2009 08:56AM

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Comment author: TraderJoe 27 April 2012 12:54:36PM 2 points [-]

You can use a binary option and probably do better than the 3% spread at the roulette table. Having said that, I don't know of any exchanges with the instrument you're looking for, so you'd probably have to go OTC for the instrument and maybe pay a broker's commission + prop desk spread, so you wouldn't save too much. Bear in mind you don't need the full $1mm - you only need $1m/annual interest rate.