Smart Yield
Our investment alternative to a high-yield savings account
154 followers
Our investment alternative to a high-yield savings account
154 followers
Smart Yield is our investment product designed to earn you the maximum amount of money on your cash by being smart about taxes. We look at your personal federal & state tax rates, scan the market and find you the money market fund that pays the most... for you
1000 Happy Dads
Nice work on this and team! @ankurnagpal @ecohen16
Smart Yield revolutionizes cash management with tax-efficient money market allocations 💰📈. The automated approach to maximizing returns while potentially avoiding taxes is a game-changer for savvy investors!
so wait... why wouldn't a US resident use this?
Carry
@jason_chernofsky you tell me! we think its a pretty dope product
couple of things worth noting:
1 - we charge a 0.2% advisory fee to do this automatically for people, some people may not want to pay that. if people want to simply buy the money market funds directly in their account, there are no fees for that but it won't automatically look for updated yields.
2 - worth noting that these are investment products -- so while money market funds are designed to be ultra safe investments, risk of principal is theoretically possible.
with that said, money market funds have only ever "broken the buck" 3 times in history and not since 2008. also to date, no money market fund backed by government securities has ever broken the buck
Nas.io
Carry
@alex_dwek cheers, lmk what you think!
Smart Yield offers a compelling alternative to traditional savings by automatically allocating funds into strategic money market investments.
Smart Yield offers a compelling alternative to traditional high-yield savings accounts by automatically directing your cash into strategic money market funds. With the potential for zero federal, state, or local taxes, it’s a smart way to grow and preserve more of your earnings.
Chestr 🛍
Congrats Ankur and Carry team, this is awesome!!
Carry
@besart_copa thanks buddy