41–50 of 92 posts
I have 30 more years until retirement... have software dev skills
do you get that everybody? he wants and plans to work, not retire.
have trading/investing skills
he is not asking for investment advice. So, subtracting all the stuff he didn't ask from what everybody wrote, anybody have any useful suggestions for him?
Not financial advice, 600k isn’t enough unless you live in a low cost of living region. Lazy: Send it to Gemini, buy 600k worth of GUSD, loan it on their Lend program and collect 8%pa compounded monthly. Collect 48k GUSD a year. Convert that back to bank dollars every month. Live your life. Risky: Send it to Gemini, buy 600k DAI. Send it to ethereum chain. Buy $200 of ether that you will spend on gas. Swap half the D…
> Lazy: Send it to Gemini, buy 600k worth of GUSD, loan it on their Lend program and collect 8%pa compounded monthly. Why would you bother with this when TIPS bonds are paying out 7.12%?
Why? Because a inflation protected security is denominated in the currency that is inflating. It’s kinda nonsensical really. How to achieve those returns? It’s money printing isn’t it. In the 20% extreme high yield example above, providing liquidity is a service, extremely meaningful in globalized digital economies. I strongly recommend the crazy option. But that’s just me cos I’m crazy. :-)
Not financial advice, 600k isn’t enough unless you live in a low cost of living region. Lazy: Send it to Gemini, buy 600k worth of GUSD, loan it on their Lend program and collect 8%pa compounded monthly. Collect 48k GUSD a year. Convert that back to bank dollars every month. Live your life. Risky: Send it to Gemini, buy 600k DAI. Send it to ethereum chain. Buy $200 of ether that you will spend on gas. Swap half the D…
> Lazy: Send it to Gemini, buy 600k worth of GUSD, loan it on their Lend program and collect 8%pa compounded monthly. Why would you bother with this when TIPS bonds are paying out 7.12%?
I second the many comments here that say don't take financial advice on HN, you need a professional. The guy who said put it into REITs earning 9% a year is somewhat close to what I've done. By no means are past results an indicator of future success, but in 2017 I purchased a number of technology/internet/telecom industry heavy ETFs that have more than doubled in value. The mix of the different ETFs and the stocks t…
"Interest rates go down" is the entire story of investment returns during the lifetimes of most non-retired people.
It cannot be the story of the next few decades. Famous saying "if something can't go on forever, it won't".
I second the many comments here that say don't take financial advice on HN, you need a professional. The guy who said put it into REITs earning 9% a year is somewhat close to what I've done. By no means are past results an indicator of future success, but in 2017 I purchased a number of technology/internet/telecom industry heavy ETFs that have more than doubled in value. The mix of the different ETFs and the stocks t…
in this case it doesn't matter your risk tolerance, diversifiable risk is not rewarded by the market, which means NOT that you face higher risk, but actually, lower returns at any given level of risk.
that is standard finance theory
Earlier quoted context omitted.
> Lazy: Send it to Gemini, buy 600k worth of GUSD, loan it on their Lend program and collect 8%pa compounded monthly. Why would you bother with this when TIPS bonds are paying out 7.12%?
Yeah. A lot of folks are talking about inflation bonds (not TIPS). I dunno man. I trust the winklevoss, 2 of the richest men on the planet (in Bitcoin, which is the only money that matters ;-)). Why? Because a inflation protected security is denominated in the currency that is inflating. It’s kinda nonsensical really. How to achieve those returns? It’s money printing isn’t it. In the 20% extreme high yield example ab…
Not financial advice, 600k isn’t enough unless you live in a low cost of living region. Lazy: Send it to Gemini, buy 600k worth of GUSD, loan it on their Lend program and collect 8%pa compounded monthly. Collect 48k GUSD a year. Convert that back to bank dollars every month. Live your life. Risky: Send it to Gemini, buy 600k DAI. Send it to ethereum chain. Buy $200 of ether that you will spend on gas. Swap half the D…
Not financial advice, 600k isn’t enough unless you live in a low cost of living region. Lazy: Send it to Gemini, buy 600k worth of GUSD, loan it on their Lend program and collect 8%pa compounded monthly. Collect 48k GUSD a year. Convert that back to bank dollars every month. Live your life. Risky: Send it to Gemini, buy 600k DAI. Send it to ethereum chain. Buy $200 of ether that you will spend on gas. Swap half the D…