How protected are you if the brokerage firm where you hold your stocks, bonds, and crypto assets files for bankruptcy? Why you shouldn't store your crypto assets with an online broker. Topics covered include: Show Notes Voyager To Acquire Circle Invest Retail Digital Asset Business From Circle Internet Financial—Cision Welcome, Circle Invest! Voyager Acquires Circle Invest's Retail Customers—Voyager Crypto lender Voyager Digital files for bankruptcy by Shivam Patel, Sinead … [Read more...]
Portfolio Trade: Closing BlockFi Interest Account
Become a Member If you would like read about this portfolio trade, consider becoming a member of the Money For the Rest of Us Plus. Learn More About Membership » Yesterday, David closed his BlockFi Interest Account (BIA) which was denominated and earned interest in the GUSD stablecoin. David added this position in April 2021. At the time, the BlockFi Interest Account was paying an interest rate of 8.6%. BlockFi has significantly reduced the interest rate it pays on GUSD … [Read more...]
348 Plus: July Investment Conditions, How Much Cash, BlockFi Update, and Trading Philosophy
In Plus Episode 348, we review investment conditions as of early July 2021. We consider how much cash to hold given investment conditions. We review the risks of using a cryptocurrency platform like BlockFi. Finally, we discuss what to consider when deciding to make a trade or trade at all. Become a Member If you would like to listen to this episode of Money For the Rest of Us Plus, you can do so by becoming a Money For the Rest of Us Plus member. Learn More About Membership Options » … [Read more...]
344: Why Should You Care About Shadow Banking?
Half of the global financial system's assets belong to shadow banks. You have probably already used one. What are shadow banks and what to be wary of when using them. Topics covered include: Show Notes Q+A-What is shadow banking and why does it matter? by Michelle Martin—Reuters What You Need to Know About the Shadow Banking System Now by Craig Kirsner—Kiplinger Global Monitoring Report on Non-Bank Financial Intermediation 2020—Financial Stability Board How fintech will … [Read more...]
339: How To Make Money with BlockFi, Dai, and the Evolving DeFi Ecosystem
What is decentralized finance and how it is seeking to solve the shortcomings of centralized finance. How BlockFi and MakerDAO, early entrants in the DeFi space, work. How to earn up to a 9% yield with cryptocurrency lending. Topics covered include: How centralized finance differs from decentralized finance (DeFi)What are the shortcomings of centralized finance and why decentralized finance is more inclusiveWhat are the key elements of DeFiHow Ethereum smart contracts workHow MakerDao … [Read more...]
304: A 15% Guaranteed Return? Lending on the Fringes of Finance
An analysis of the returns and risks of a cash advance company called DriverLoan Investor Club that promises to pay a 15% annual percentage yield. In addition, a look at different lending platform options including asset-based lending, unsecured peer-to-peer lending, and cryptocurrency lending. Jump to transcript Topics covered include Show Notes DriverLoan Investors Club DriverLoan USA Uhaul Investors Club LendingClub Statistics Driver Loan USA Google … [Read more...]
272 Plus: MLP Viability, Timber ETF and Cryptocurrency Lending Platforms
In Plus episode 272 for the week of October 12, 2019 we look at the longer-term prospects of master limited partnerships given the energy transition, tax structure and concentration in the MLP space. We review whether the iShares Global Timber and Forestry ETF is a pure-play on timber investing. Finally, we consider why cryptocurrency lending platforms are paying 8% or more to individuals willing to lend out their cryptocurrency and is this a "safe investment." … [Read more...]
