61–70 of 92 posts
Earlier quoted context omitted.
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?
Earlier quoted context omitted.
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?
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%?
Are TIPS bonds accessible outside the US for non-Americans?
First quesiton is: is it savings or windfall? This determines your risk profile. Savings, you can make over again because you've already made $600k once the hardest way possible. Windfall, thank lucky stars and secure that shit. I'd wonder why leveraging it to buy or build a duplex or triplex in a city on the obvious list? The key thing is to tie it up so that it doesn't make you lazy. My wealthy friends are getting…
What is this referencing?
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 affo…
(600000*6/100)*10 = an extra $360000 before tax. Probably not enough to retire on.
20 years is an extra $720000, let's say half goes away for tax that leaves $360000 + initial $600000 isn't even a million yet.
$1m might be enough to live off on, assuming a APR of 6% ppa, so $60,000 money influx just in interest, but it depends on your standard of living. If you're used to a $100k+ engineering salary, it's a downgrade.*
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.
Earlier quoted context omitted.
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/
Earlier quoted context omitted.
Are TIPS bonds accessible outside the US for non-Americans?
AFAIK, TreasuryDirect should be available to non-Americans. You'll need to get a U.S. Tax Identification Number, and figure out your tax situation though: it'll vary from country to country based on treaties with the U.S.
https://www.treasurydirect.gov/indiv/help/TDHelp/faq.htm#Ope...
> In order to open a TreasuryDirect account, an individual or entity account manager must have a valid Social Security Number (SSN), be 18 years of age or over, and be legally competent. An entity must have a valid SSN or Employer Identification Number (EIN). The account owner must also have a United States address of record and have an account at a U.S. depository financial institution that will accept debits and credits using the Automated Clearing House method of payment.
AFAIUI, getting an SSN from abroad as a non-US citizen/resident is not realistic.