For me, I probably have 85% of my net worth in bitcoin and 75% of that in collateral loans against it. The rest is just bills, food, housing, etc. I have no regrets or atleast no yet haha…
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Yeah Puerto Rico has been blowing up as all these people get rich fast and become financially more literate, doesn’t help people get their info from TikTok half the time. Tax shelter sounds nice but I feel bad for the people, the differential between the wealthy and the poor there is disparaging.
Thank you for this… this is very valuable information in this group on financial aspects.
What is the risk factor dumping money into USDC. reward looks good.
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Risk factor is like any investment, but in terms of identified risks; you’re storing your liquidity on an exchange as opposed to your bank account. So you won’t have immediate access but withdrawal only took 1-3 days.
Good for those whom want a constant 9-10% interest but don’t want the risk of a security like a stock or coin. I personally like compounding effect of a crypto coin and internet rate, essentially double dipping.
What is the risk of USDC destabilization vs USD in a bank?
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Personally I do have 10% of my portfolio in crypto i was just think of moving my emergency fund into USDC & VGX… so far in the past 5 yrs i never had to move money in 3 day notice & always maintain online savings account without ATM & Checkbook with a laughable interest rate of 0.05%
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I’m not sure on the exact statistics on that regard, not sure I’m qualified to properly answer it throughly tbh… I suggest diving into it and doing some DD, lots of info out there.
@Leasehunter27 right on, idk if I would put my emergency fund in there but as you said not many instances where you need 3 months of savings immediately, save a kidnapping ransom. I’ll be honest I don’t keep much in cash in my bank anymore, going to be great when you can borrow against your VGX or USDC.
Soon as voyager switches to UST for the Tether protocol it will be so much better too. More stable as Luna are burned to keep Terra stable.
I don’t think a lot of people are seeing the writing on the wall in what crypto/defi will do to the insurance industry… going to eliminate the travesty that is health insurance by having industry specific coins. Rather than paying every month for insurance a lot of people don’t use and/or that provides limited health care; with no return on that dollar spent. Soon we will be paying monthly into that industry specific coin, that will reward those who stay healthy. Rather than seeing their money burn in a fire that monthly payment towards health insurance will go towards buying the specific coin, thus growing in value just like an asset so having a return. The industry coin market cap will show the value of the health insurance company, smart contracts will trigger if that/then this criteria and provide health care at a much more cost efficient and expedient rate. This can be used for health, life, car insurance etc… time to bring value and wealth back to the little people rather than insurance companies gobbling up all that money and zero profit sharing or net return to their insured.
Goodbye Geico, Aflac, blue cross blue shield and all the rest lol.
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Interesting…I’m gonna dig in deeper.
Appreciate the insights
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It is too late to get into AMC? Popped to $38 today.
aside from retirement savings (401k, backdoor roth etc.) i put my cash savings into 3 categories: low risk, medium risk & high risk. I allocate them into wealthfront, yieldstreet and stock investments, respectively.
I guess it wasn’t if you had entered action in the morning 
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I bought some tickets to moon. It’s too fun to miss out on. Lol
Make sure you land there and do miss going straight into the sun burning $ down to ashes
AMC’s current stock price assumes every single theatre being at 100% capacity Mon->Sun every single day for like the next ten years or so with an average concession purchase of $100+ dollars.
Does this even seem remotely possible to you? This is a $9-10 stock at most. This isn’t a $30B enterprise…more like a $1B business.
AMC is now worth more than half the companies in the S&P500.
If it weren’t for the fact that the markets can stay irrational longer than you can stay solvent, this would be the easiest short play on the planet.
**not financial advice
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But hey shareholders get a free large popcorn!
This is a meme stock. Nobody there cares about fundamentals. Just like during Tulipmania and every mania ever since.
I think Wall Street needs to write another handbook on how to trade meme stocks:) Because they aren’t investment but a game of who holds the bag last:)
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What site does everyone use to trade on? Fairly new to trading but looking to see what’s out there, which is odd to say when I work with PE Firms, Hedge funds, etc all day long but from an accounting standpoint.
Your in finance and don’t invest?
You think “wall street” is not involved in this meme bullshit? The shilling just went from CNBC to Reddit, that’s all that changed. The only difference is on CNBC they have to be somewhat (keyword) careful as to what they say, whereas on Reddit they can have bot armies (and by bot I mean actual bots and 30 cent an hour 3rd world people posting shit) spewing literally whatever they want.
While officially they scream that retail investor is the problem, the retail investor in charge of their own money (read no financial firm is responsible) is the greatest thing to ever happen to them as they can fleece everyone with impunity.
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I feel bad for bagholders in these dumpster fires. It’s all a boiler room and should be investigated, college kids with stimulus checks don’t know how to read Bloomberg terminals and have the means to trade several hundred options calls.
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