561–570 of 713 posts
Bitcoin has been my most profitable.
Can you elaborate please ? I am considering investing a some time in bitcoin and blockchain next year and I would really appreciate your insights. What tools/services/websites did you use ? Did you learn that on your own ? what resources did you use ?
anon4this1: I bought 5800 bitcoins mostly for around $5 back in 2011ish [...] I'm up 15,400% in 5 years
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> you are probably better off borrowing against your investments if you need cash I don't understand what that means. Whom would you be borrowing from? Where would the cash be coming from?
Your broker https://www.interactivebrokers.com/en/index.php?f=interest&p...
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Older bills are worth face value in the US, why does anyone take a 30% discount on them?
They are worth face value in the US, but not outside of it. See for instance this question: https://travel.stackexchange.com/questions/25959/converting-... Instead of simply not accepting the bills, some places take a discount to offset the risk that they're fake. The older the bill, the greater the chance that it's a counterfeit.
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That's part of what you are getting paid for. You are getting paid for providing TSLA liquidity and risk of default on loans.
That's true. The only point I would add is that my loan is with the brokerage and they put up cash collateral. I'm not having to deal with individual short sellers and whatever risk profile they might have.
Breville coffee grinders are impossible to get internal parts for. I designed a 3D printed upgrade for the main wear-part in their BCG800XL SmartGrinder. The storefront is through ShapeWays[1] and I use ifixit[2] to drive the traffic. It's passively making ~$425/mo with about 10 minutes of work per week on my end. This all happened because my grinder failed and I couldn't get parts. [1] https://www.shapeways.com/prod…
Super cool side project.
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I read that book this year. The entire book can be summarised as. Don't attempt to beat the market. The market cannot be beat (many examples in the book). Invest in index funds long term which is the right mix of risk/reward for most people. It does have a chart in the back which tracks your age and situation. For example as you approach retirement you should start to liquidate your funds and buy government bonds so…
>The market cannot be beat. I really would like to believe this, but please explain to me how then how firms like Renaissance can exist ... Not sure whether it's relevant but I'll add that I'm an economics PhD student.
Two reasons you can't replicate this - 'you' aren't a team of super top notch mathematicians with decades of data, and even if you had an exact copy of their trading strategies, you don't have the capital to make the transaction costs, etc, worth it.
Young hackers who have a surplus of income and have funds to spare that aren't being channeled toward debt / family / donations, heed me: save as much of your salary as you can, and put it in boring investments (index funds / etc), probably through vanguard.com (no affiliation, I just use them and have heard nothing but good things from people I trust). You can pretty easily set up your job's direct-deposit system so…
I put 25k into my investments this year, and I made 40k in unrealized gains, following the above strategy. It works folks. My blog post about financial independence: http://mays.co/why-financial-independence/
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For what it's worth, my best passive income was from investing as much of my income as I can part with paycheck to paycheck. No boring investments though, always the exact same two funds: UWTI and DWTI, both of which are gone, they delisted on Dec 8th. That said...there are many funds like them, those in particular are 3x leveraged crude oil ETF's. That means if the price of oil rises 1%, UWTI rises 3%. If it falls 1…
So what happens to UWTI when the price of oil falls 1% and to DWTI when it rises 1%?
Lets say UWTI is trading at 100 today. Oil is trading at 50.
Day1: Oil falls 47.5 (5% drop). UWTI will fall to -> 100 * ( 1 - 3 * 0.05) = 85
Day2: Oil rises back to 50 (5.26 % rise). UWTI will rise to -> 85 (1+ 3 * 0.0526) = 98.42
So even though oil price recovered, you lost $1.58. Over a period of time, rise and fall in oil prices corrodes the value of UWTI & DWTI (and similar leveraged ETFs)