Where will Manifold invest its cash?
22
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αΉ2.1Kresolved Jul 23
1D
1W
1M
ALL
84%69%
ADM
16%21%
Stripe
0.1%
Live Oak Business Savings
1.2%
Solana
0.6%
1 Year US Treasury Bonds
1.8%
3M stock (NYSE: MMM)
0.1%
Gold (SGOL)
0.2%
Ethereum
0.0%
Mana ππ€£
0.9%
TIPS (Treasury Inflation-Protected Securities)
0.4%
πβ¨πβ¨invest in yourself β¨β¨β¨π
0.5%
USDC on Aave
0.0%
Magic: The Gathering cards
0.0%
Celcius
0.1%
Vanguard
2%
Meow
1.2%
give it to me
0.0%
Hire me to write code
Or not hire me. I'll still shitpost for freee
0.0%
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/
0.1%
Money market fund
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.
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answered
TIPS (Treasury Inflation-Protected Securities)
@ahalekelly You can end up with less money than if you had invested in treasuries, if inflation is below market expectations. But you can't lose money, assuming the TIPS yield is >= 0 (which it is currently).
I bonds aren't necessarily better for this type of investment. In the long run, they are pretty similar, one of the main differences that makes them more attractive right now is the fact that the inflation rate is locked in for 6 months. But there are many other issues like the investment limit, the fact that they cannot be redeemed for 1 year, etc.
answered
TIPS (Treasury Inflation-Protected Securities)
@jack Is it possible to lose money on TIPS if inflation falls below market expectations but is still positive?
Series I Savings Bonds are better, but limited to 10k per individual.
answered
ADM
answered
Hire me to write code
Or not hire me. I'll still shitpost for freee
answered
Celcius
answered
TIPS (Treasury Inflation-Protected Securities)
answered
Solana
answered
1 Year US Treasury Bonds
answered
Solana
answered
Live Oak Business Savings
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
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