I sort of agree with Mizzmonika. Choosing an investment based on what people “should” do is rather short-sighted, IMO. People abuse credit. People overspend. The truth is that people make poor financial decisions. Period. Always have… always will. That is hardly the fault of AFRM, or any other company.
In fact, I can’t see where the “morality” of this is relevant. Whatever happened to personal responsibility? The fact is BNPL has been around for a very long time, and it is the only way many people can buy what they need/aspire to have. The technology has changed over the decades, but the idea has been constant. Perhaps some on this board are a little… uh, judgmental???
Let the market sort out whether this is a bad investment or not. The financials are all we need, and we’ll know soon enough.
breezyday
tiny position in AFRM