Passive income

I just walk to the 7/11 and buy a scratcher. I never win anything but I could make at least $100,000 in just one day!

Since when have treasury bonds gone above 6%?

A treasury bond delivering 8% is probably one from a dangerous country to invest in.

Sweet, I just need a small, interest-free loan of 3 million dollars and I'll pay you back $10,000 a month for 300 months. Don't believe me? Here, check out my credit report.

Credit report: trust me bro

I didn't buy Twitter and saved over $40B now I don't have to work my entire life

What a silly post...

First, where are you going to find a 8% treasury bond? Even a few months ago, when they were giving record yields, it didn't even get close to that.

Second, if you borrow $3m with high interest rates (needed to get high yield treasurys) you'll also pay a high rate on your loan. Duh.

This is a person who doesn't understand how the fixed income market works.

He's assuming he's buying $3m notional of a bond yielding 8% and paying for the face value $3m (i.e., he's buying it at par). This is not how it works, even if you're somehow subscribing at issuance as a retail investor.

You're going to be buying the bond at bid, which is going to be higher than par when prevailing future yield expectations are lower than the coupon rate of the bond.

TL,DR: You can't buy $3m of a high-yielding sovereign bond for $3m today. You'll get less of the bond for the money if it's yielding more than the market is expecting base rates to be in the future.

The opposite end of “The most expensive thing is to be poor”.

It’s a common image for so many millionaires to have a Scrooge McDuck vault, but that’s the thing; so often their millions are out earning them further millions.

This is such bullshit advice. Instead of doing this, we could invest that money in a 16% bond and make 40k a year. Simple hack they don’t you to know.

Yes and good luck finding a 8% treasury (and please let me know if you do) 😆

Hey if you don't have 3million stuck between your couch then that's your problem.

Show me where I can get a bond at 8%.

yeah i'll get right on that

So I know this is satire but I wouldn't buy a us bond. I would much rather buy one from a stable country.