PRESS RELEASE. Flynt Finance, a cryptocurrency financial services company that is based in Singapore and founded by former derivatives exchange operators, analysts and other traders, 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 worked together to deliver 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, and Victor Park (CTO) have been developing robust stock and cryptocurrency trading platforms over the past 20 year. 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 continue meeting the needs of ever-evolving 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 or alleged by the use or reliance of any content, goods, or services mentioned in this press release.
Frequently Asked Questions
What are some of the benefits of a gold IRA
The best way to invest money for retirement is by putting it into an Individual Retirement Account (IRA). It's not subject to tax until you withdraw it. You are in complete control of how much you take out each fiscal year. There are many types of IRAs. Some are better suited for people who want to save for college expenses. Others are intended for investors seeking higher returns. Roth IRAs let individuals contribute after age 591/2 and pay tax on any earnings at retirement. However, once they begin withdrawing funds, these earnings are not taxed again. This account is a good option if you plan to retire early.
Because it allows you money to be invested in multiple asset classes, a ‘gold IRA' is similar to any other IRAs. Unlike a regular IRA that requires you to pay taxes on the gains you make while you wait to access them, a gold IRA does not have to do this. This makes gold IRA accounts excellent options for people who prefer to keep their money invested instead of spending it.
You can also enjoy automatic withdrawals, which is another benefit of owning your gold through an IRA. This means that you don't need to worry about making monthly deposits. To make sure you don't miss any payments, you can also set up direct deductions.
Finally, gold is one of the safest investment choices available today. Because it's not tied to any particular country, its value tends to remain steady. Even in times of economic turmoil, gold prices tend not to fluctuate. Gold is a good option for protecting your savings from inflation.
Can I buy gold with my self-directed IRA?
Although you can buy gold using your self-directed IRA account, you will need to open an account at a brokerage like TD Ameritrade. You can also transfer funds from another retirement account if you already have one.
The IRS allows individuals to contribute as high as $5,500 ($6,500 if they are married and jointly) to a traditional IRA. Individuals can contribute up to $1,000 annually ($2,000 if married and filing jointly) directly to a Roth IRA.
You should consider buying physical gold bullion if you decide to invest in it. Futures contracts are financial instruments that are based on gold's price. You can speculate on future prices, but not own the metal. However, physical bullion is real gold or silver bars you can hold in your hands.
How do I Withdraw from an IRA with Precious Metals?
First, determine if you would like to withdraw money directly from an IRA. Make sure you have enough cash in your account to cover any fees, penalties, or charges that may be associated with withdrawing money from an IRA.
You should open a taxable brokerage account if you're willing to pay a penalty if you withdraw early. This option will require you to pay taxes on the amount that you withdraw.
Next, you need to determine how much money is going to be taken out from your IRA. This calculation will depend on many factors including your age at the time of withdrawal, how long the account has been in your possession, and whether you plan to continue contributing towards your retirement plan.
Once you know what percentage of your total savings you'd like to convert into cash, you'll need to determine which type of IRA you want to use. Traditional IRAs let you withdraw money tax-free after you turn 59 1/2, while Roth IRAs require you to pay income taxes upfront but allow you access the earnings later without paying any additional taxes.
After these calculations have been completed, you will need to open a brokerage bank account. A majority of brokers offer free signup bonuses, as well as other promotions, to get people to open accounts. You can save money by opening an account with a debit card instead of a credit card to avoid paying unnecessary fees.
You will need a safe place to store your coins when you are ready to withdraw from your precious metal IRA. Some storage facilities will accept bullion bars, others require you to buy individual coins. Either way, you'll need to weigh the pros and cons of each before choosing one.
Bullion bars require less space, as they don't contain individual coins. But, each coin must be counted separately. On the flip side, storing individual coins allows you to easily track their value.
Some people prefer to keep their coins in a vault. Others prefer to store their coins in a vault. Regardless of the method you prefer, ensure that your bullion is safe so that you can continue to enjoy its benefits for many years.
Statistics
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
- If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (lendedu.com)
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
- Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (aarp.org)
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
External Links
bbb.org
cftc.gov
investopedia.com
wsj.com
- Saddam Hussein's InvasionHelped Uncage a Bear In 1991 – WSJ
- Do you want to keep your IRA gold at home? It's Not Exactly Legal – WSJ
How To
Guidelines for Gold Roth IRA
Start saving as soon as possible to save for your retirement. You should start as soon as you are eligible (usually at age 50) and continue saving throughout your career. It is essential to save enough money each year in order to maintain a steady growth rate.
You also want to take advantage of tax-free opportunities such as a traditional 401(k), SEP IRA, or SIMPLE IRA. These savings vehicles allow you the freedom to contribute without having to pay tax on your earnings until they are withdrawn. They are a great option for those who do not have access to employer matching money.
Savings should be done consistently and regularly over time. You'll miss out on any potential tax benefits if you're not contributing the maximum amount allowed.
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By: Media
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
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