Comment on We all know this happens everyday.
preasket@lemy.lol 7 months ago
I think people misunderstand what BlackRock does. It’s a proxy for other investors. Investors all around the world buy assets, produced by BlackRock and BlackRock routes that money into corresponding shares/bonds/real estate, etc.
afraid_of_zombies@lemmy.world 7 months ago
The word “Produced” is doing some heavy-lifting in that sentence. When I hear “produced” I think of a factory making stuff that has value or a farm producing food.
Shardikprime@lemmy.world 7 months ago
I create software. Its not farm work nor is it physical but I can assure you I produce deliverables.
afraid_of_zombies@lemmy.world 7 months ago
Whoosh
preasket@lemy.lol 7 months ago
It’s a way more generic word than you might think
afraid_of_zombies@lemmy.world 7 months ago
True, kinda like being “all natural”.
c0mbatbag3l@lemmy.world 7 months ago
intransitive verb To bring forth; yield. “a plant that produces pink flowers.” To create by physical or mental effort. “produce a tapestry; produce a poem.” To manufacture. “factories that produce cars and trucks.”
Sounds like the word fits just fine. The investment firm “brings forth” the investment opportunity that someone without financial advisors and millions to invest needs to get into real estate through eREITs. That opportunity wouldn’t exist without them providing the service of connecting investors with and managing funds for the investments.
I believe in the classic Homer Simpson line this covers the “services” portion of “money can be exchanged for goods and services.”
afraid_of_zombies@lemmy.world 7 months ago
Gotcha mortgage backed securities
c0mbatbag3l@lemmy.world 7 months ago
You must never leave your house in case a meteor falls from the sky, of drive because car accidents have occurred. Right? If something can go wrong or has the potential to be abused we should just never do it.
Whenever people like you actually come up with an alternative solution to make large scale infrastructure projects happen without investors you let me know, until then stop dragging down the collective IQ of the thread.