Exactly six months after May 1st 2024 I will calculate the returns of these choices, and the five with the best ROI will resolve evenly. OTHER will not be chosen.
An option must make a positive ROI, otherwise it resolves NO
Suggest options in the comments below
I reserve the right to refuse any suggestion
Spreadsheet to track Here
1,000
3.00interesting this is so high up, but not on the main one i am investing from
set up a spreadsheet to help track this and the other related markets: https://docs.google.com/spreadsheets/d/1s1OxlwEalnadLVi8z0OMdV-tToKSRUnu8NpE52AF1hQ/edit#gid=0
@strutheo The meme stocks don’t pay out but eg the Fidelity money market one will pay once a month. Vanguard ETF’s typically pay out quarterly
@traders thank you for all the help - i am working on a new version of this market , it will be out soon
in the meantime i will keep this one open, but i am removing the profit incentive and some other whalebait aspects. it is now just a normal market: 'which investment will give the best return 6 months after may 1st'
@strutheo Ok I mean the criteria didn't change, but it's questionable market manipulation to add external rewards, and even more so to later pull them. Obviously both actions are going to change the meta-criteria.
@TonyGao hmm i see. those rewards were added after betting had started anyway, and only existed for a bit before i was told the market had to be changed , i guess i could NA over that but it seems silly. any mods have an opinion? @BoltonBailey @Joshua
if people were betting only for the USD and not the mana i dont really care if they lose the mana, since they were just as likely to lose that mana on the gamble anyway, right?
@TonyGao yea i agree with that :( it is slightly shameful , experiments are messy. if mods think NA is in order i'm fine with it
@KevinBurke A ton of the stuff you have there is correlated, like if NVDA goes up or down TSMC is probably going to go up or down. This is not.
@strutheo Sign up for a Vanguard account, yeah, although any money market fund would work. I am trying to find one without a high minimum investment amount
@KevinBurke Schwab: https://www.schwabassetmanagement.com/products/swvxx
Fidelity: https://fundresearch.fidelity.com/mutual-funds/summary/31617H201#!
Both of these have higher fees than Vanguard but no minimum investment
@KevinBurke Wealthfront and it’s FDIC insured.
Dunno that anything will beat 5% risk free on a 6 months horizon other than a fluke.
@voodoo FDIC insurance is a bit of a red herring here, if Vanguard fails to pay out then the economy has much, much bigger problems. The government won't let $1 in a money market fund be worth less than $1, and the money market fund's holdings are like 99% US government debt, which is one of the most liquid investments in the world
@KevinBurke I don’t disagree but it’s not like you’re paying anything for it. And it’s easier to open one of those accounts than a brokerage account usually.