Earlier this year, I helped my parents put some of their money into a redeemable GIC at 4.65%.
This morning, I see the same product is now offered at 5.5%.
So, like any son would do, I redeemed the GIC and repurchased the exact same amount.
The interest that was paid out?
I smash bought #bitcoin for my parents and sent them right to cold storage.
This way, they get exposure to a great asset without having to take on too much volatility.
I hope these sats will help with pay for many expenses down the line.
Cheers.
stevenyang / Steven Yang
npub1ze…rrzl6
2023-11-15 22:10:16
Author Public Key
npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6Published at
2023-11-15 22:10:16Event JSON
{
"id": "7d3c15c4adf7c739dc381378bb33611969972bbd3962965ecdaa9d02af980327",
"pubkey": "1656f991427da7d437cdec6b8c9a8fa643eb03f2d043297d6e95dded2f2e7e9e",
"created_at": 1700082616,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
]
],
"content": "Earlier this year, I helped my parents put some of their money into a redeemable GIC at 4.65%. \n\nThis morning, I see the same product is now offered at 5.5%. \n\nSo, like any son would do, I redeemed the GIC and repurchased the exact same amount. \n\nThe interest that was paid out? \n\nI smash bought #bitcoin for my parents and sent them right to cold storage. \n\nThis way, they get exposure to a great asset without having to take on too much volatility. \n\nI hope these sats will help with pay for many expenses down the line. \n\nCheers.",
"sig": "3dc2d67af4326852c21893a70d56ed01b2e53631ed70a32fb130b05708027c8dbf6c9a70f06f9fb0c02e777d2b244c0439b3a476d143e06d3da992619dbcdcd7"
}