[randomhodler84]

Not financial advice, 600k isn’t enough unless you live in a low cost of living region.

Lazy: Send it to Gemini, buy 600k worth of GUSD, loan it on their Lend program and collect 8%pa compounded monthly. Collect 48k GUSD a year. Convert that back to bank dollars every month. Live your life.

Risky: Send it to Gemini, buy 600k DAI. Send it to ethereum chain. Buy $200 of ether that you will spend on gas. Swap half the DAI for USDC using a DEX. Deposit 300k/300k in a liquidity pool DAI/USDC and collect 18-20%pa in trade fees. Withdraw collateral every month by redeeming the liquidity provider tokens. If you wish to save gas fees, use something like polygon bridge to move it to the Polygon chain. Do LP deposits there instead.

Crazy: buy 12 Bitcoin on Gemini. Store it on a hardware wallet. Sell A fraction every few months to live. Never sell it all in one shot.

[murderfs]

> Lazy: Send it to Gemini, buy 600k worth of GUSD, loan it on their Lend program and collect 8%pa compounded monthly.

Why would you bother with this when TIPS bonds are paying out 7.12%?

[medvezhenok]

Series I Bonds, not TIPS; they only have that rate locked in for the next 6 months (you're getting a 0 percent real return), and you can only buy $10K per year (+$5K if you do the tax return withholding method).

[randomhodler84]

Yeah. A lot of folks are talking about inflation bonds (not TIPS). I dunno man. I trust the winklevoss, 2 of the richest men on the planet (in Bitcoin, which is the only money that matters ;-)).

Why? Because a inflation protected security is denominated in the currency that is inflating. It’s kinda nonsensical really. How to achieve those returns? It’s money printing isn’t it. In the 20% extreme high yield example above, providing liquidity is a service, extremely meaningful in globalized digital economies. I strongly recommend the crazy option. But that’s just me cos I’m crazy. :-)

[beervirus]

Bitcoin isn’t money. It’s a gambling token.

[randomhodler84]

What is money? What is the role of the state in the value of currencies? What is the average life of fiat currencies? https://wtfhappenedin1971.com/

[jedberg]

> What is the role of the state in the value of currencies?

They provide the violence to back up the value of the currency. A currency is only as valuable as the courts and ultimately the army that backs it.

[beervirus]

Money doesn’t fluctuate in value 50% on a timescale of minutes.

[randomhodler84]

I mean, it can. Not minutes, and minutes means internet speeds. Old school finance is in the order of days. Securities can collapse in minutes too I guess… Fiat currencies inflate and are worth less every year. In some places in the world, relative to the USD, which itself is an inflationary fiat currency, it could be 50%! What if you gave your life’s labor and saved it all in something a politician and banker could erase with a database record.

[3np]

Are TIPS bonds accessible outside the US for non-Americans?

[murderfs]

AFAIK, TreasuryDirect should be available to non-Americans. You'll need to get a U.S. Tax Identification Number, and figure out your tax situation though: it'll vary from country to country based on treaties with the U.S.

[3np]

Looked it up.

https://www.treasurydirect.gov/indiv/help/TDHelp/faq.htm#Ope...

> In order to open a TreasuryDirect account, an individual or entity account manager must have a valid Social Security Number (SSN), be 18 years of age or over, and be legally competent. An entity must have a valid SSN or Employer Identification Number (EIN). The account owner must also have a United States address of record and have an account at a U.S. depository financial institution that will accept debits and credits using the Automated Clearing House method of payment.

AFAIUI, getting an SSN from abroad as a non-US citizen/resident is not realistic.

[murderfs]

Ah, yeah, you're right. You can probably still buy them through a broker, though. Searching around a bit, it looks like you should be able to open an account with Schwab: https://international.schwab.com/

[gruez]

The account might be available to non-americans, but I-bonds aren't.

>Who may own an I bond?

>Individuals

>Yes, if you have a Social Security Number and meet any one of these three conditions:

> United States citizen, whether you live in the U.S. or abroad

> United States resident

> Civilian employee of the United States, no matter where you live

>To buy and own an electronic I bond, you must first establish a TreasuryDirect account.

https://www.treasurydirect.gov/indiv/research/indepth/ibonds...

[crossroadsguy]

What’s Gemini? I’m not sure but comes across as something crypto. Why would you suggest a person to get into crypto, and completely at that, who is looking to make a easy and safe living (if not retire)? Even if the corpus is not big enough for retirement I can’t think of any way where crypto is a solution, let alone only solution.

[randomhodler84]

My suggestions were in stablecoins. It’s dollars like notes debt and database records. Gemini is the regulated, New York based cryptocurrency exchange run by the Winklevoss twins. I just personally consider it to be the most reputable exchange, closer to Wall Street than the Wild West, so to speak.

[11101010001100]

But the ~8% on GUSD is not insured right?

[randomhodler84]

Neither is the 600k FDIC unless it is in 3 different bank accounts earning 0.01%pa. Securities… well you got SIPC protections if the brokerage fails but that ain’t insurance. Insurance is useful sure but insurance also is a cost. Some risks in life are uninsurable.

[xnx]

I think the FDIC will insure $1,250,000 if you name 5 beneficiaries.

[gruez]

Seems to be? https://www.gemini.com/legal/user-agreement#section-fdic-ins... (the FDIC section is a subsection of the gemini dollar section). That said if your crypto wallet gets hacked or the lending platform goes under, you'll still lose your money. I'd imagine the FDIC protection is only for if the bank where gemini stored its dollars went under.

[medvezhenok]

That is insurance for deposits in Gemini, not for the lending program (which is where you get the %)

[artdigital]

No crypto products are insured the same way banks are insured

[medvezhenok]

This is incorrect - there is no FDIC backstop on crypto or stablecoin lending. The risks are not comparable.

Source: https://support.gemini.com/hc/en-us/articles/360056367771-Ar...

[11101010001100]

Do you have any liquidity pools that you recommend or where to learn more about the different pools?

[randomhodler84]

Defi llama dot com is a leaderboard for TVL or total value locked across multiple chains — analogous to Assets Under Management. Take a look at some of the larger projects and most LP sites are code forks of other large projects. They often have stats or info pages that display LP pool balances, tx per day, profitability etc. I think barring a catastrophic bug in the now very tested LP code, stablecoin LP — and eventually Forex stablecoin LP will be the biggest banking revolution in the 2020s.