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bombcar
on July 31, 2023
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Airlines are a lot like central banks (2020)
They're a liability of the airline, and they're an asset of the customer, but they are not an investment, because they can only go down in value, not up.
Same as gift cards.
Scoundreller
on July 31, 2023
[–]
Sometimes the dollar price of a flight goes up but the points price stays the same = points went up.
breser
on July 31, 2023
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That you can make money through arbitrage is not the definition of a security. See my link above.
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Same as gift cards.