PRESS RELEASE. Flynt Finance, a cryptocurrency financial services company that is based in Singapore and founded by former derivatives exchange operators, analysts, and other business people, launched last week a platform for structured crypto products. Flynt's high returns of up to 50% APY have attracted strong interest from crypto yield fans, particularly during the bear market when volatility is more difficult to find.
Because of their volatile price movements, cryptocurrency markets can be viewed as a place to go for high-risk high returns. It can be difficult to manage risk when dealing with such assets, especially if you don't have financial experience.
Options are a popular method of hedge by entering into positions that are opposite to your current asset position. If you anticipate a drop in price, for example, you could hold spot bitcoin and buy a put option. Crypto options, although still in its infancy compared to perpetual futurs, are a great way for volatile positions to be hedged both during chops and strong trends.
Many structured products offer yield through a combination of options, futures, and lending. The covered call strategy, also known as a cash covered puts strategy, is one of the most popular and simple structured products. Warren Buffet, the legendary investor, used this strategy to get premiums on Coca-Cola stocks.
Covered call strategies for various cryptocurrencies have been offered in a rush since 2021 to satisfy the needs of yield-hungry crypto investors. These strategies have grown rapidly since their inception, and they have held up well even during recent downturns.
Flynt's team launched their own structured product strategy after extensive research and backtesting different strategies. The strategy allows call options to be sold on a weekly basis. Any premium that is earned is reinvested into the next week. The team developed a proprietary strike price selection algorithm based on Deribit's 3-year trading data. This allows for maximum returns and minimal loss. Flynt's leverage is a key feature of their product. Flynt leverages up to five times on its strategies to increase returns and decrease loss potential by choosing an additional OTM strike price. Their backtests showed that this led to an average APR (including losses) of 47%, compared to an industry average of 15% (not including losses).
Flynt Finance CEO David Seo mentions that while a non-leveraged covered calling strategy is fine for most people, Flynt Finance can be used by those who want to take on more risk and earn higher returns. Flynt will provide crypto investment strategies that suit a range of risk profiles ."
Flynt Finance and Team
Flynt Finance provides structured products for cryptocurrencies and is your one-stop platform for asset management. Since 2015, the team includes blockchain OGs who have combined their experience in delivering a variety of services, including cryptocurrency exchanges, protocols and dApps. Flynt's CEO David Seo, who was previously the COO at a major South Korean exchange, was also the CTO. Victor Park has been developing robust stock and cryptocurrency trading platforms over the past 20-years. The core team also has extensive experience in many areas, including financial big data modeling and asset custody services. They can also trade structured products and derivatives trading.
Flynt's new initiative was launched by Flynt and his team with the bold mission of providing financial freedom for everyone, regardless of their location, technology, or privilege.
Every strategy implemented by Flynt can be found on Flynt’s website. This will ensure transparency to clients about how the deposited funds were used.
Flynt currently offers bitcoin covered-call strategies which generate up to 50% annualized yield. Flynt intends to meet the evolving needs of crypto investors through innovative products.
This is a press release. Before taking any action related to the promoted company, or any of its affiliates, or services, readers should do their research. Bitcoin.com does not assume any responsibility for any loss or damage caused by the content, goods, or services in the press release.
Frequently Asked Questions
Do You Need to Open a Precious Metal IRA
It is essential to be aware of the fact that precious metals do not have insurance coverage before opening an IRA. You cannot recover any money you have invested. This includes losing all your investments due to theft, fire, flood, etc.
This type of loss can be avoided by investing in physical silver and gold coins. These items are timeless and have a lifetime value. You would probably get more if you sold them today than you paid when they were first created.
You should choose a reputable firm that offers competitive rates. It's also wise to consider using a third-party custodian who will keep your assets safe while giving you access to them anytime.
Remember that you will not see any returns unless you are retired if you open an Account. So, don't forget about the future!
How much gold do you need in your portfolio?
The amount of money you need to make depends on how much capital you are looking for. Start small with $5k-10k. As your business grows, you might consider renting out office space or desks. You don't need to worry about paying rent every month. You only pay one month.
It is also important to decide what kind of business you want to run. My website design company charges clients $1000-2000 per month depending on the order. This is why you should consider what you expect from each client if you're doing this kind of thing.
Freelance work is not likely to pay a monthly salary. The project pays freelancers. You may get paid just once every 6 months.
You must first decide what kind and amount of income you are looking to generate before you can calculate how much gold will be needed.
I would recommend that you start with $1k-2k worth of gold and then increase your wealth.
How to open a Precious Metal IRA
First, decide if an Individual Retirement Account is right for you. To open the account, complete Form 8606. Then you must fill out Form 5204 to determine what type of IRA you are eligible for. This form should not be completed more than 60 days after the account is opened. Once this is done, you can start investing. You can also choose to pay your salary directly by making a payroll deduction.
Complete Form 8903 if your Roth IRA option is chosen. Otherwise, the process is identical to an ordinary IRA.
To qualify for a precious Metals IRA, there are specific requirements. You must be at least 18 years of age and have earned income to qualify for a precious metals IRA. For any tax year, your earnings must not exceed $110,000 ($220,000 for married filing jointly). Contributions must be made regularly. These rules apply regardless of whether you are contributing directly to your paychecks or through your employer.
You can use a precious metals IRA to invest in gold, silver, palladium, platinum, rhodium, or even platinum. However, you can't purchase physical bullion. This means that you will not be allowed to trade shares or bonds.
However, investing in precious metals via an IRA has two serious drawbacks. First, they're not as liquid as stocks or bonds. It is therefore harder to sell them when required. Second, they are not able to generate dividends as stocks and bonds. Therefore, you will lose money over time and not gain it.
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
- Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
- Gold IRA: Add some sparkle to your retirement nest egg
- Understanding China's Evergrande Crisis – Forbes Advisor
A growing trend: Gold IRAs
As investors seek to diversify their portfolios while protecting themselves from inflation, the trend towards gold IRAs is on the rise.
Gold IRA owners can now invest in physical gold bullion or bars. It is a tax-free investment that can be used to grow wealth and offers an alternative investment option to those who are concerned about stocks or bonds.
Investors also enjoy the benefits of owning physical gold, which includes its unique properties such as durability, portability, and divisibility.
In addition, the gold IRA offers several other advantages, including the ability to quickly transfer ownership of the gold to heirs and the fact that the IRS does not consider gold a currency or a commodity.
Investors looking for financial security are increasingly turning to the gold IRA.
Title: Flynt Launches Industry’s Highest Yield Product on Bitcoin
Sourced From: news.bitcoin.com/flynt-launches-industrys-highest-yield-product-on-bitcoin/
Published Date: Sat, 24 Sep 2022 11:00:02 +0000