/biz/ - Business & Finance

[Anonymous No.57432658]

Should I keep my father's 10mil in a high interest saving or put it into voo or whatever it's called?
The bank is willing to give me a 6% interest but people are telling me to put it into bonds or invest it? I don't understand what or how to do. Please help and thank you everyone.

[Anonymous No.57432670]

>>57432658
At 6% def the bank

[Anonymous No.57432710]

>>57432658
$10M would buy you 279876 AVAX coins at current prices.
If you stake them for 30 days you get around 1500 AVAX which right now is around 53000 dollars. thats $53k every month.
If you want you can run your own Validator and then you get additional 2% from the delegation rewards which is around another couple thousand dollars in AVAX.
If you validate other Subnets you can also gain even more rewards.
AVAX is pretty good from a tokenomics perspective:
>AVAX is hardcapped like Bitcoin and deflationary as fees are burned
>most of the circulating supply is staked or delegated to Validators already and needed for staking
>when you stake/delegate, your coins never really leave your wallet
>you can stake/delegate 14 days minimum or 1 year maximum or anything in between
>can run your validator on whatever hardware you want

Avalanche is also extremely high in demand, it is getting TradFi adoption (JPM, Citi, Bank of America, Fidelity, Goldman Sachs etc.) as everyone wants custom VM Subnets with Sub Second finality.
Launch any virtual machine you want in like a couple minutes, no need to code and pay as you go.

>anual returns
AVAX is at 7.69%
thats without delegations and without Subnet rewards.

>1 AVAX will be several thousand dollars soon so your validator will make mindblowing amounts of money per month.

[Anonymous No.57432724]

>>57432658
buy 9 mil worth of bitcoin

[Anonymous No.57432877]

>>57432658
>The bank is willing to give me a 6% interest but people are telling me to put it into bonds or invest it?
Buy 30 year treasury bonds. Banks interest rates will inevitably change over time.

[Anonymous No.57434348]

>>57432658
>The bank is willing to give me a 6% interest
Complete regarded newfag reddit tier larp

[Anonymous No.57434412]

>>57432658
You don’t put the whole thing in one bank. You’re only insured up to a certain amount. Move some into vanguard funds, high interest bank account, bitcoin, bonds

[Anonymous No.57434423]

>>57432710
ignore this retarded monkey nigger
just dump it all into SCHD.

[Anonymous No.57434507]

>>57432658
Listen to >>57434412
Protect your assets. The stick market is at a double top and poised to crash sometime over the next year, possibly in March or April when debt at current interest rates causes many companies to fold. The point is, short term t-bills at 5% at TreasuryDirect until things calm down. The 2008 crisis didn't find a bottom until 2011, something like 2.5 years later. If you see the market drop 30% and a rally, that is not necessarily the buy signal. You stay in t-bills for a year, maybe two, but not like >>57432877 because you will get absolutely fucked by inflation. I hold 4 and 8 week t-bills with revestment.

>>57434348
High net-worth account holders get deals that low class trash don't rate. Cope, seethe, dilate.

[Anonymous No.57434881]

>>57432658
Buy 5,000 ounces of gold and stack it like Legos into a throne.

[Anonymous No.57434978]

>>57434507
That's absolutely false. I literally working in banking and that 6% interest rates are not a thing at all. In fact, irl the more money you have the lower your interest is on your capital.

[Anonymous No.57435138]

>>57432658
distribute it to 10 banks at least and live off interest
buy 1 million in physical gold pour it into a toilette form and shit everyday on your gold throne.

[Anonymous No.57435178]

>>57432658
Anon if you actually have $10 mill pay for the services of a financial advisor.
Your bank should be able to hook you up.
That's way too much to risk taking the advice of anyone here.

[Anonymous No.57435323]

>>57432658
Dude parking your money in savings with just 6% interest? Nah, you gotta make some smart investments

[Anonymous No.57435337]

>>57435323
like what??

[Anonymous No.57435344]

>>57435337
Bro, I made all my dough with cryptos. This market's lit and the returns are massive

[Anonymous No.57435356]

>>57435344
which cryptos got you those gains??

[Anonymous No.57435366]

Anon, this depends on his investment goals. Does he want to spend this money himself? How long does he expect to live? Or does he want to pass as much of it as possible on to this offspring? Etc.

[Anonymous No.57435367]

People saying 6% APY in savings accounts is a larp when some shithole countries give 13.5 or even 15%
>But muh USD
Yeah the point is to change your strong dollaridoos that you get from your WFH job in said countries for their cheap currency not the opposite..

[Anonymous No.57435380]

VT and chill.

[Anonymous No.57435382]

>>57435356
Caught the rise of some solid new projects. Right now, I'm checking this out, def worth a look: https://twitter.com/larryllamatoken @larryllamatoken

[Anonymous No.57435412]

>>57432658
Please move your money out of the savings account. Short term treasuries give slightly lower yields but are far safer. The FDIC only covers $250,000 in the event of a bank collapse- and the BTFP ends March 11 (meaning bank failures will come back fast since a lot of them are insolvent). You could lose 97.5% of that in the event the bank fails. Also buy some gold, it’s an insurance policy against chaos and inflation.

[Anonymous No.57435424]

>>57435367
Those countries have stupid high inflation as well anon. High interest means nothing

[Anonymous No.57435436]

>>57434507
Good post.
Keep in mind that you can get an account with the treasury itself (treasurydirect) and buy tbills if you would like to limit counterparty risk. With all the buy now pay later shit the amount of stinky bonds getting mixed into the bond funds out there has gone up substantislly.

[Anonymous No.57436545]

>>57432710
do this OP