Where will Manifold invest its cash?
Jul 14
M$1,783 bet
So Manifold is currently sitting on ~$2.6M of cash that we've received through various investors and grants. Right now, it's basically all parked inside our Stripe account. But we don't earn any interest on it... We do want to keep a reasonable amount of it in Stripe just to be able to easily pay cash, but also we could conceivably park it into some kind of interest-earning account or asset. Eg if we could earn 1% on $2m invested over the course of a year, that's an extra $20k we have for hiring people or running offsites or whatnot. Mostly, we're not looking to do active trading or spend a bunch of time optimizing our portfolio; rather I'm looking for "what are some simple things that would take us <2h/month to manage, so that we can get back to building Manifold". This market resolves to the proportion of Manifold total assets invested in each answer, as of market close.
ThomasSmyth
Thomas Smyth answered
ADM
72%
Austin
Austin answered
Stripe
14%
ThomasSmyth
Thomas Smyth answered
Meow
4%
SedibusResearch
3M stock (NYSE: MMM)
3%
EllieHigh
Ellie High answered
give it to me
1.8%
Austin
Austin answered
Solana
1.6%
Austin
Austin answered
1 Year US Treasury Bonds
1.0%
ian
Ian answered
USDC on Aave
0.8%
Angela
Angela C answered
πŸ’–βœ¨πŸ’βœ¨invest in yourself βœ¨βœ¨βœ¨πŸ’–
0.7%
TedSuzman
RoboTeddy answered
TIPS (Treasury Inflation-Protected Securities)
0.4%
TedSuzman
RoboTeddy answered
Ethereum
0.2%
TedSuzman
RoboTeddy answered
Gold (SGOL)
0.2%
Austin
Austin answered
Live Oak Business Savings
0.2%
GeorgeVii
George Vii answered
Vanguard
0.2%
GeorgeVii
George Vii answered
Celcius
0.0%
IsaacKing
Isaac King answered
Magic: The Gathering cards
0.0%
DavidChee
SirSalty answered
Mana πŸ˜‚πŸ€£
0.0%
Add your answer
ThomasSmyth
ADM
72%
Austin
Stripe
14%
Austin
Austin bought M$30
Specifically, our Stripe biz account, not like Stripe stock. Although -- if you're looking to sell your Stripe stock, do let me know!
0
Austin
Austin is betting Stripe
Honestly, keeping it all in Stripe is kinda nice because we just don't have to think too much about it, and it means that eg a dashboard of all of our cash inflows and outflows would be much easier to maintain. Might be worth paying Stripe a ~1% premium just for that.
0
ThomasSmyth
Meow
4%
SedibusResearch
3M stock (NYSE: MMM)
3%
SedibusResearch
4.37% dividend yield at present, have increased dividend payouts for 64 years straight, great price right now given market conditions.
0
EllieHigh
give it to me
1.8%
Austin
Solana
1.6%
Austin
I know Stephen and James are huge fanboys...
0
JamesGrugett
@Austin Lol. We must be nearing the bottom for Solana, right? Time to buy in :P
0
Austin
Austin is betting Stripe
@JamesGrugett That's what I thought two weeks ago. Alas...
0
ian
USDC on Aave
0.8%
Angela
πŸ’–βœ¨πŸ’βœ¨invest in yourself βœ¨βœ¨βœ¨πŸ’–
0.7%
Angela
( do feel free to delete this, I posted it for the memes but was a bit tone deaf )
0
TedSuzman
TIPS (Treasury Inflation-Protected Securities)
0.4%
EnopoletusHarding
@TedSuzman Correct answer. Yields are positive now, so get them while you can.
0
TedSuzman
Ethereum
0.2%
TedSuzman
Gold (SGOL)
0.2%
TedSuzman
RoboTeddy is betting Ethereum
Could be good to have a small portion allocated to a high-risk high-reward type thing, which is also differently correlated from the rest of your investments.
0
TedSuzman
RoboTeddy is betting Ethereum
(The above comment was meant to refer to Ethereum. The argument for gold would be to have something that likely does OK if dollar inflation continues / gets way worse)
0
Austin
Live Oak Business Savings
0.2%
Austin
Austin bought M$10
Highest APY at 0.8% on https://www.nerdwallet.com/article/small-business/business-savings-accounts - but not sure how good they are to work with. Curious if anyone has any experience with them. I'm also somewhat surprised that the highest yield is <1% on these kinds of accounts
0
GeorgeVii
Vanguard
0.2%
GeorgeVii
Celcius
0.0%
GeorgeVii
George Vii is betting Celcius
hehe
0
IsaacKing
Magic: The Gathering cards
0.0%
DavidChee
Mana πŸ˜‚πŸ€£
0.0%
XidaRen
Hire my sister for cheap (she's in tiny school in Tennessee )to make art and do UX stuff. You need to do some simple CPT paperwork but she's really good at colors and a lot of fun to hang out around https://www.instagram.com/p/CTJOoPINXTX/
0.0%
XidaRen
Hire me to write code Or not hire me. I'll still shitpost for freee
0.0%
General Comments
JamesGrugett
Great question!
0