Great point. There is an obvious free market counterpoint to this, but either way non pros will get their asses handed to them in either situation.
On one hand, I'm all for the ability to invest in whatever you want. If Grandma blows her life savings on a weasel-breeding startup, that's her problem.
On the other, a whole lot of people get their feels hurt and cant handle grandma carrying the risk of her investments.
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