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.
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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.
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