Earning $54k/year sitting on my butt
Feelsgoodman ☺️
Chief
Earning $54k/year sitting on my butt
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Best high yield savings products?
Bain & Company For US citizens, how do you minimize tax burden beyond the foreign earned income exclusion, foreign housing deduction, and traditional IRA? BCG doesn’t give American expats access to 401k and I make too much for the Roth IRA so I don’t know what else to try…Boston Consulting Group McKinsey & Company PwC Bain & Company
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Anonymous User
Newbie to investing and never invested in a company that went through a reverse stock split.
In theory, I understand the market value should increase but I’m not seeing this reflected in the price and naturally my book value/ share is very disappointing.
A) When should I anticipate the stock appreciation to occur?
B) What’s the next move for companies that do this? Issue more shares?
TIA!
https://finance.yahoo.com/news/retransmission-hive-blockchain-announces-5-100000300.html
Cognizant Recently cognizant have changed their internet wfh allowance policy.we use to get 1800 per month as internet allowance without submitting any bills or transaction details. Now they changed the policy as we need to apply for icici/axis/hdfc credit card from there we need to make the transaction and reimburse the same. I am ok with everything but why i need to apply for credit card? How a company can force me to have a credit card? It will directly/indirectly alter the credit score right? Cogniza
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Time to buy.
This FTX guy. Lol.
Pro
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Conversation Starter
@pwc ok. Thanks, chief!
Whats the point/use of NFT collectibles?
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This is awesome. Thinking about doing the same, but how did you think through the risk here? There’s a reason you can get 9%, right? What does everyone else have wrong?
This makes sense. Thanks. Good point about the cascading liquidations in May being a legit stress test
Congrats! why not keep it in BTC and earn interest on that? That way you can capture any cap gains too? I’m at a similar $ amount but earn ~$36k/yr + cap gains.
USDC is not FDIC insured though.
Chief
I might drop in another $400k and retire🤗
Have about $300k in stablecoin, split across GUSD and DeFi. It’s niiiiice
If you’re in DeFi directly, Donut won’t do much for you. It takes your cash and invests it across compound / yearn protocols, depending on your selection - and they take a cut to manage it for you.
There’s higher APY products out there, but it’s a stupid simple app that makes life easy
I’m earning 4% APY on my savings with Donut. Sign up and we’ll both receive 5% APY for 30 days! https://donut.app.link/teece/i/qbb3wcGnR
How do you people have so much money. Sheesh.
Chief
Totally DM me if you're ever in Los Angeles
I have a much smaller size than y'all. But you feel safe about USDC? From my limited research it doesn't seem to have the same sketchiness as Usdt, I'm curious what you all think
USDC is not fully backed, only 60% of USDC reserves are in cash or cash equivalents per the latest monthly attestation report published by Centre. USDC is still much more legit and transparent than USDT but wanted to call that out
How did you make the $1m?
Chief
Also spending my entire 20s saving and investing half my income even when I didn't earn that much
How much do you need to get the 9%
You need to carry average $100 USDC a month
I split my stablecoins half GUSD and half USDC. Think it helps reduce the counterparty risk a bit.
Chief
That's smart.
If this drops 20% your earnings might be slightly off.
I never understood people saying don’t forget about taxes. You don’t turn down a $54k raise saying “oh no taxes”, lol
Nvm just looked up and saw it’s voyager lol
Pro
Another person enjoying crypto :)
I remember you started a thread a while ago asking about the different interest account providers. Any particular reason you chose Voyager other than them having the highest APY? Did you end up evaluating/testing any others?
Chief
NGL, I'm feeling pretty rekt that I diversified into stablecoins right now 😅
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Oh wow! You actually put your $ into Voyager. I read your post in a different thread and was wondering how it was going. Thank you for sharing!!
Pro
How are you gonna live on 100k pre tax?
Chief
I don't raise my spending to the level of my income. That's a trap.
Just because I earned $200k+ at McKinsey doesn't mean I spent that much.
Conversation Starter
where are you getting 9%
Chief
From defi lending through Voyager
I could get more if I did it myself. I know people that do.
Conversation Starter
How reliable is USDC vs GUSD/BlockFi? This is awesome, congrats!
Where’s this at?
Chief
Voyager
Which platform do you use??
Voyager