So deposit to coin base, use coin base to “deposit” on Celsius and convert to USDC…then withdraw from Celsius back into CoinBase and use coinbase to get money into my actual bank account
I regret not doing it sooner. I've only been on it for about 6 months and have over 4% returns in my crypto accounts.
I would just add it onto Celsius from your bank account (no need to buy on Coinbase and transfer) But when you go to exit, you have to transfer it to Coinbase then withdraw from them. Bank account --> Celsius. Get interest When you're ready to take it out: Celsius -->Coinbase --> Bank account
10% is nice but what if I told you there’s a fund out there producing nearly 25% this year with a 2% dividend yield?
VITAX? Pretty close to the 2% if you add in the difference in expenses. I miss my WSTAX dividends though.
This market is so silly. I had some cash from a reno that got delayed that I was going to dump into my mortgage, but it's so hard to when even VTI has a 12 month return of over 40%
Wife: Did you see that the top two % gainers in our portfolio are my picks? Me: Please, pick some more.
I tried to sign up for Celsius, it had me complete the verification which I did, but keeps saying I need to do it again (can’t see if the first one is pending). Then I tried to log on via my computer and it doesn’t let me log in. Works on my phone and the app, but on my laptop it says my username/PW is wrong no matter how many times I’ve tried to change it lol Might just settle on the 7.12% bond and call it a day.
Well the plan was throw some cash into the Bond that was sitting in my savings/emergency fund, then a couple people brought up Celsius so I figured I’d look into it.
The bond is stupid good right now but I still like a heloc for emergency funds and the rest invested.
Anyone interested in these companies that got their shit kicked in earnings. DIS Intel Snap Paypal Those companies come to mind
Disney is the one that’s bothered me the most and I’ve wrestled with it. It hasn’t restarted its dividend and there are probably better stocks to hold currently if we do get hit with inflation. DIS actually has the same annualized return as the stock market VTSMX since May 1992, but almost double the annualized standard deviation. Until we have easy access to a therapeutic for the virus, Disney cruises, theme parks and etc. can’t reach their full potential. However, Disney will continue to grow and has made strides with its streaming service. It’s still a valuable name.
Was perusing all things lithium a few weeks ago and came across Sigma Lithium (SGML). Figured I’d fling a few bucks at it and hope for the best. Their business model sounded ideal for me and what I’m personally in to (being environmentally conscious). If they can pull it off (just now starting to break ground on their Brazil mine) it seems like there’s a ton of opportunity. They inked a deal with LG already. But it’s definitely a long as fuck development.
I know the stuff going on at Activision is pretty fucked up but isn’t this a pretty fantastic buying opportunity?
I think it depends on what you think will happen with the cod franchise. They have basically killed multiplayer, Warzone is very popular but I'm not sure if its enough to offset what MP gave them.
Follow-up to my “do I buy all IPOs” question… My SEV is up more than 200% since yesterday. Is it worth breaking the deal that I’d hold it for 30 days and getting shut out of future IPOs to cash out on this one?
Depends if blizzard can right the ship as well. They just delayed their 2 biggest IPs for another year.
Update: 30% up Pulled out enough profit to fund my IRA HSA and 529s for 2022. Saying fuck it. Let it ride to the rest.
If you average 30% gains for 10 years you need to start a macro hedge fund, raise 10 billion dollars and charge 2 and 20. Then you will be rich.
Obviously I know this is reckless. I'm kinda messing around but as I said, it's not really a part of any strategy in my life so if I throw it into some wild shit and it goes huge, then that's great. If it goes down 50% then that's ok too.
Lots of people are stupid and don't want to manage their own money. That's really the only reason that financial advisors still exist tbh
Why not venture into the NFT/Crypto space with some of the money if you don’t mind gambling some of it?
I told him to take his gains and run about a week ago. His risk tolerance seems like he’s ok with going into a casino and putting half on black or red, so I think it’s a fair question.
No value added in crypto. Everyone is just taking each others money, and I'm 35, I don't stand a chance.
Money is only good for what you can use it for. 150k 10 years from now means I get up and put on a tie and go to work in my Tesla. If I lose 60k I wake up in 10 years and put on a tie go to work in my Nissan. If I make this 60k into 600k, I wake up and build mountain bike trails and volunteer or have a part time job I enjoy. Chances make champions.
This is all fine and good. You’re assuming a rate of return of 25-30% over the next 10 year period? That in itself is something I would question with your triple leverage funds. If we see an economic collapse similar to 2008 in the next ten years that will be very detrimental to your return goal. These funds were clobbered in early 2020 when the market went into a short free fall. I’m seeing stories of NFT’s being bought for $5k and sold for $100k within months. Is it a huge bubble? Probably. But I would say it’s more in line with “chances make champions”. If we see tech or the overall market take it on the chin for any reason these ETFs will fall very fast.
the entire NFT market is largely fake sales to inflate prices and bait someone into buying your now inflated NFT
I’m not going to sit here and say NFTs are good or bad . I will say that if your risk tolerance is very high in the current market environment they are a good potential short-term investment.
There's the chance of these funds going to 0 and then you lose everything. That's a real risk if things get really bad. You don't get that with 1x ETFs. I've thought about it and if covid shutdowns couldn't do it I don't know what does, maybe war? I think I'll probably wait until this is doubled and then protect some of it incase we have catastrophic collapse.