Announcement

Collapse
No announcement yet.

How does a 9.3% savings account sound?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Originally posted by greenhat06 View Post

    Well, it's 3% of my overall asset allocation... so to answer your question, no - it won't make much of a difference in my overall plan. But with interest rates the way they are right now, I like the idea of having a place to park money in and have it earn some substantial interest with minimal risk. Right now, it's low numbers in terms of money. But I'm in my 30s, plenty of time for those $50 a month to grow, and crypto is obviously still in early phases. If it hits it big, great for me. If not, not a problem, since my favorite 5 letters are VTSAX.
    Gotcha. I, too, am less than <5% in crypto. Not really enough to make a difference but it’s at least some exposure.

    Comment


    • Originally posted by CordMcNally View Post

      Ponzi's are fine as long as you get in and out early.
      No they're not. They're illegal. Early investors generally end up paying most of their "profits" back in as it all gets sorted out by authorities.
      Helping those who wear the white coat get a fair shake on Wall Street since 2011

      Comment


      • Originally posted by The White Coat Investor View Post

        No they're not. They're illegal. Early investors generally end up paying most of their "profits" back in as it all gets sorted out by authorities.
        I guess I forgot the '/sarcasm'.

        Comment


        • Surprised there hasn't been more talk about UST (not USDT) and the 19% on Anchor Protocol. Low risk (for crypto) stable coin, 19.4% yield, auto compounding. No brainer.

          Lots of other options to farm LP pairs of stables and make even more, but the main risks of Anchor are hack, de-peg, or yield dropping down to say 12% b/c the reserves are used up too fast. You can buy insurance for hack/de-peg risk if you really want it.

          Comment


          • Originally posted by Foster View Post
            Surprised there hasn't been more talk about UST (not USDT) and the 19% on Anchor Protocol. Low risk (for crypto) stable coin, 19.4% yield, auto compounding. No brainer.

            Lots of other options to farm LP pairs of stables and make even more, but the main risks of Anchor are hack, de-peg, or yield dropping down to say 12% b/c the reserves are used up too fast. You can buy insurance for hack/de-peg risk if you really want it.
            Not sure about that.
            Click image for larger version

Name:	Screen Shot 2022-01-21 at 9.33.47 AM.png
Views:	332
Size:	102.3 KB
ID:	315415
            Attached Files

            Comment


            • 19.4% and low risk, even with the crypto caveat, makes no sense.

              Comment


              • Surprisingly, Anchor still offers yields of 19.51% annualized - very juicy, but ofc not without risks.

                GUSD has slightly decreased from its peak, but still very respectable at 6.9%

                Comment


                • Originally posted by Foster View Post
                  Surprised there hasn't been more talk about UST (not USDT) and the 19% on Anchor Protocol. Low risk (for crypto) stable coin, 19.4% yield, auto compounding. No brainer.

                  Lots of other options to farm LP pairs of stables and make even more, but the main risks of Anchor are hack, de-peg, or yield dropping down to say 12% b/c the reserves are used up too fast. You can buy insurance for hack/de-peg risk if you really want it.
                  It doesn't seem low risk to me...

                  "Investors Flee Terra’s Anchor as UST Stablecoin Repeatedly Loses $1 Peg"
                  https://www.yahoo.com/now/investors-...203543470.html

                  Comment


                  • Originally posted by zlandar View Post

                    It doesn't seem low risk to me...

                    "Investors Flee Terra’s Anchor as UST Stablecoin Repeatedly Loses $1 Peg"
                    https://www.yahoo.com/now/investors-...203543470.html
                    not following this story closely but to be clear the UST ponzi is a different thing than what this thread was started about

                    Comment


                    • Originally posted by zlandar View Post

                      It doesn't seem low risk to me...

                      "Investors Flee Terra’s Anchor as UST Stablecoin Repeatedly Loses $1 Peg"
                      https://www.yahoo.com/now/investors-...203543470.html
                      This is an algorithmic stablecoin - backed by a literal Ponzi scheme. Completely different than regular stablecoins.

                      USD-backed stablecoins (GUSD, USDC, USDP) are the safest, because each dollar of stablecoin is backed by literal US dollar in their Treasury. Tether (USDT) may be safe, but holds some commercial paper along with dollars in their reserve.

                      Comment


                      • Originally posted by xraygoggles View Post
                        Surprisingly, Anchor still offers yields of 19.51% annualized - very juicy, but ofc not without risks.
                        Risks being, of course, that it could implode into a self-perpetuating death spiral to zero, as it seems to be doing at this moment.

                        Comment


                        • Originally posted by xraygoggles View Post
                          Tether (USDT) may be safe, but holds some commercial paper along with dollars in their reserve.
                          Ha!

                          Comment


                          • tether! it’s scary! i’ve read bad things about it!

                            Comment


                            • Originally posted by xraygoggles View Post

                              This is an algorithmic stablecoin - backed by a literal Ponzi scheme. Completely different than regular stablecoins.

                              USD-backed stablecoins (GUSD, USDC, USDP) are the safest, because each dollar of stablecoin is backed by literal US dollar in their Treasury. Tether (USDT) may be safe, but holds some commercial paper along with dollars in their reserve.

                              https://www.investopedia.com/article...d-meltdown.asp

                              “The Reserve Primary Fund only held 1.5% of its assets in Lehman commercial paper, yet, investors expressed fears of the fund's other holdings.

                              The fund was unable to meet redemption requests and was forced to suspend operations and liquidate.”

                              Comment

                              Working...
                              X