Where will Manifold invest its cash?
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.
Thomas Smyth answered
ADM
72%
Austin answered
Stripe
14%
Thomas Smyth answered
Meow
4%
Sedibus Research answered
3M stock (NYSE: MMM)
3%
Ellie High answered
give it to me
1.8%
Austin answered
Solana
1.6%
Austin answered
1 Year US Treasury Bonds
1.0%
Ian answered
USDC on Aave
0.8%
Angela C answered
💖✨💝✨invest in yourself ✨✨✨💖
0.7%
RoboTeddy answered
TIPS (Treasury Inflation-Protected Securities)
0.4%
RoboTeddy answered
Ethereum
0.2%
RoboTeddy answered
Gold (SGOL)
0.2%
Austin answered
Live Oak Business Savings
0.2%
George Vii answered
Vanguard
0.2%
George Vii answered
Celcius
0.0%
Isaac King answered
Magic: The Gathering cards
0.0%
SirSalty answered
Mana 😂🤣
0.0%
Add your answer
Thomas Smyth answered
ADM
72%
Austin answered
Stripe
14%
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
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
Thomas Smyth answered
Meow
4%
Sedibus Research answered
3M stock (NYSE: MMM)
3%
Sedibus Research bought M$10
4.37% dividend yield at present, have increased dividend payouts for 64 years straight, great price right now given market conditions.
0
Ellie High answered
give it to me
1.8%
Austin answered
1 Year US Treasury Bonds
1.0%
Ian answered
USDC on Aave
0.8%
RoboTeddy answered
TIPS (Treasury Inflation-Protected Securities)
0.4%
@TedSuzman Correct answer. Yields are positive now, so get them while you can.
0
RoboTeddy answered
Ethereum
0.2%
RoboTeddy answered
Gold (SGOL)
0.2%
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
(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 answered
Live Oak Business Savings
0.2%
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
George Vii answered
Vanguard
0.2%
Isaac King answered
Magic: The Gathering cards
0.0%
SirSalty answered
Mana 😂🤣
0.0%
Xida Ren answered
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%
Xida Ren answered
Hire me to write code
Or not hire me. I'll still shitpost for freee
0.0%
General Comments
