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Ask HN: What's the easiest way to make a living with $600k in cash?

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Re: Ask HN: What's the easiest way to make a living with $600k in cash?

#51

Post by randomhodler84 »

crossroadsguy wrote: post #49
randomhodler84 wrote: post #32

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…

What’s Gemini? I’m not sure but comes across as something crypto. Why would you suggest a person to get into crypto, and completely at that, who is looking to make a easy and safe living (if not retire)? Even if the corpus is not big enough for retirement I can’t think of any way where crypto is a solution, let alone only solution.

My suggestions were in stablecoins. It’s dollars like notes debt and database records. Gemini is the regulated, New York based cryptocurrency exchange run by the Winklevoss twins. I just personally consider it to be the most reputable exchange, closer to Wall Street than the Wild West, so to speak.

Re: Ask HN: What's the easiest way to make a living with $600k in cash?

#52

Post by 11101010001100 »

randomhodler84 wrote: post #51
crossroadsguy wrote: post #49

Earlier quoted context omitted.

What’s Gemini? I’m not sure but comes across as something crypto. Why would you suggest a person to get into crypto, and completely at that, who is looking to make a easy and safe living (if not retire)? Even if the corpus is not big enough for retirement I can’t think of any way where crypto is a solution, let alone only solution.

My suggestions were in stablecoins. It’s dollars like notes debt and database records. Gemini is the regulated, New York based cryptocurrency exchange run by the Winklevoss twins. I just personally consider it to be the most reputable exchange, closer to Wall Street than the Wild West, so to speak.

But the ~8% on GUSD is not insured right?

Re: Ask HN: What's the easiest way to make a living with $600k in cash?

#53

Post by walrus01 »

fsckboy wrote: post #46
walrus01 wrote: post #31

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…

> technology/internet/telecom industry heavy ETFs ... mix of the different ETFs and the stocks they contain is sufficiently diverse for my risk tolerance 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

What I meant by that is that the risk of one company that is a component of one of the ETFs taking a major nosedive (let's say, Facebook) is somewhat mitigated by the existence of many other companies in the same ETF, and that the portfolio is divided between a number of different ETFs.

PNQI ETF holdings: https://www.invesco.com/us/financial-products/etfs/holdings?...

As compared to what I was originally looking at doing by putting the bulk of the money into individual stocks, rather than ETFs, though I did also do some of that, with Netflix.

Re: Ask HN: What's the easiest way to make a living with $600k in cash?

#54

Post by thrill »

I'd buy 6000 Avax with anticipation of steady price appreciation and delegate them for about 10% annually. With your software skills you could also without undue effort run a validator instead and gain a trivial amount more but also capture the occasional airdrop.

Re: Ask HN: What's the easiest way to make a living with $600k in cash?

#55

Post by crossroadsguy »

fsckboy wrote: post #41

smh, nobody here seems to have read what you wrote 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?

For a vague and sparse post such as this I’d rather do that smh thing at OP and not the commenters.

Re: Ask HN: What's the easiest way to make a living with $600k in cash?

#56

Post by my50cents »

Buy a portfolio of dividend-paying stocks with highly secure underlying businesses such as public utilities.

Hold on to a stock as long as the underlying business is still secure.

Trade out of a stock only if there is a more secure one with more dividends to trade into.

If market prices allow the dividends from your $600K portfolio to exceed your living expenses, then no more work for money.

Re: Ask HN: What's the easiest way to make a living with $600k in cash?

#57

Post by gentleman11 »

If you put it in an index mutual fund and ignore it for 10 years, you can possibly retire on it. Leave it in for 20 years and you can retire comfortably. In the meantime, you really only need to worry about not spending it. Even if there is a big recession, over the 20+ year time frame you’ll still be fine

Isn’t it great? If you grow up extremely poor, you have to work your whole life, especially since you can’t afford school at first. But if you just have money, you just need to not spend it and you’ll be a multi millionaire. Capitalism at work

Re: Ask HN: What's the easiest way to make a living with $600k in cash?

#58

Post by randomhodler84 »

11101010001100 wrote: post #50
randomhodler84 wrote: post #32

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…

Do you have any liquidity pools that you recommend or where to learn more about the different pools?

Defi llama dot com is a leaderboard for TVL or total value locked across multiple chains — analogous to Assets Under Management. Take a look at some of the larger projects and most LP sites are code forks of other large projects. They often have stats or info pages that display LP pool balances, tx per day, profitability etc. I think barring a catastrophic bug in the now very tested LP code, stablecoin LP — and eventually Forex stablecoin LP will be the biggest banking revolution in the 2020s.

Re: Ask HN: What's the easiest way to make a living with $600k in cash?

#60

Post by randomhodler84 »

beervirus wrote: post #48
randomhodler84 wrote: post #42

Earlier quoted context omitted.

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…

Bitcoin isn’t money. It’s a gambling token.

What is money? What is the role of the state in the value of currencies? What is the average life of fiat currencies? https://wtfhappenedin1971.com/
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