How does a 9.3% savings account sound?

[fatlittlepig]

i had some money on celsius. now what i'm reading about FTX, it's really just a load of BS. Even if it goes back up, i'm just not interested anymore.

[CordMcNally]

i had some money on celsius. now what i'm reading about FTX, it's really just a load of BS. Even if it goes back up, i'm just not interested anymore.

If what goes back up? FTX is dead.

[xraygoggles]

This is not entirely true, either.

You’re assuming these people made fairly large investments to have returns of those sizes, despite the percentage returns.

I think the vast majority of people made quite small investments, relatively. Certainly not enough to yield 7-9 figure returns.

Not necessarily large investments - Dogecoin went up 200x or more i think since 2020. Luna 100x. ETH 40x. BTC 10-20x. Don't need that much initial capital to make a lot.

But the impt thing was to sell before it crashed ofc.

[bovie]

Not necessarily large investments - Dogecoin went up 200x or more i think since 2020. Luna 100x. ETH 40x. BTC 10-20x. Don't need that much initial capital to make a lot.

But the impt thing was to sell before it crashed ofc.

So you have to buy it at the bottom and sell it at the top? Hmm...

Also, using your highest listed return, you'd have to invest >$5k in that one asset to return 7 figures. Way more to return 8-9 figures, and way more in the other assets to return 7 figures.

And you have to have identified that specific shitcoin ahead of time, and avoided all the other shitcoins.

Very, very few people doing that, on the whole.

And then of course we get back to the whole "must buy at the bottom and sell at the top" bit...

[Tim]

Not quite true. Everything has to be sold. All that stuff you buy at Target had to be sold to Target by someone or you would have never known about it.

Disability insurance, new cars etc. all are sold by someone but they can still be a win/win.

“There is nothing wrong with advertising an marketing or brand development. That is how you attract customers.”
Cut me some slack. I called one of your Disability Insurance vendors, they didn’t call me. I called one of your student loan refi vendors They didn’t call me. I’ll let someone with a product fighting for shelf space at Target or Walmart pitch and wish them well. Distribution channels are a big deal. I shop at Target or Walmart for something I need.
You sir, offer a platform for advertising, that is perfectly fine. Target and Walmart offer platforms with products, that is perfectly fine.

New cars I don’t deal with salesmen. I shop, take a test drive and buy what I want. I do appreciate the service offered if I have questions and getting the approval of the price from the new car sales manager. If I don’t like the price, I go back online.
I do appreciate the service offered when I need assistance making a purchase. They deserved to be paid.
The techniques in that article are taught to salespeople by one of your favorites, NWM. Closing the sale. And the vast majority of time they contact you.
Big difference between ““There is nothing wrong with advertising an marketing or brand development. That is how you attract customers.”
and using sales techniques.

[Tangler]

I might buy a small amount of the vanguard total crypto ETF, when it makes an appearance.

Or I will just buy VTI (more likely) after it is included and get some of what there is to get when it is easier to get and feels less like a ponzi bubble trap.

[jacoavlu]

I might buy a small amount of the vanguard total crypto ETF, when it makes an appearance.

Or I will just buy VTI (more likely) and get some of what there is to get when it is easier to get and feels less like a ponzi bubble trap.

haven’t you learned anything?

[VentAlarm]

Not necessarily large investments - Dogecoin went up 200x or more i think since 2020. Luna 100x. ETH 40x. BTC 10-20x. Don't need that much initial capital to make a lot.

But the impt thing was to sell before it crashed ofc.

So…..what’s the next thing that will go up 200x and what’s the best time to buy and sell said commodity?

[jacoavlu]

So…..what’s the next thing that will go up 200x and what’s the best time to buy and sell said commodity?

maybe copper

[CordMcNally]

maybe copper

I’ll be re-plumbing my entire house with PEX if copper goes up 200x.

[Tim]

its kind of funny that we place value in these economic principles but then stop when it comes to our money and don't apply the same principles to the dollar

I did not advocate not applying the same principles to the dollar.
I do think the government powers of managing currency is a "potentially useful tool" when used responsibly. The benefit would be primarily "smoothing" of economic events.
Not how it is being used now. Self defense, pleading the 5th or whatever.

[Tangler]

haven’t you learned anything?

Yes, thanks. How about you?

[Tangler]

undecided but probably somewhere between $10k-$50k

I understand there is risk. But I also consider equities investment - where most of the rest of my money goes - to have a risk of 50% principal loss

some of this is “something to do” while still not getting cute with things on the equities side. Market timing, individual stocks etc

Along similar lines I used to buy and roll T bills as a layer of my emergency fund, that was when they paid ~2%. It was something active to do while staying boring with the money that really mattered. Now T bills are basically at zero so that’s no fun

So you were considering putting 10-50k into these "stable coins".

How much did you put in?

How did this turn out?

[jacoavlu]

So you were considering putting 10-50k into these "stable coins".

How much did you put in?

How did this turn out?

yeah I had funds on blockfi for quite a while, bitcoin and stablecoins. Moved it all out quite a while ago. No more stablecoin holdings. Only bitcoin in self custody. It worked out fine for me. Earned mid 5 figures of “interest” during the time

[VentAlarm]

maybe copper

The next thing I will buy that will go up 200% is VT or VXUS. The great news: I buy when I have the money and I sell when I need the money. No need to predict the future correctly (twice).