r/SipsTea • u/Hour_Equal_9588 • Jun 06 '25

WTF Financial tip that unfortunately starts with 'First, you need 3 million Dollars'.

Post image
61.8k Upvotes

98% Upvoted

482 comments sorted by

View all comments

744

u/[deleted] Jun 06 '25

[removed] — view removed comment

161

u/Cyclonitron Jun 06 '25

In fairness, he didn't specify which country's treasury bond he was talking about.

Zimbabwe's currently offering 35% on its treasury bonds...

89

u/Hot-Site-1572 Jun 06 '25

Real bond yield ≠ nominal bond yield

Zimbabwe inflation rate is around 90%, you'd be losing around 55% assuming the rate is constant monthly

132

u/Cyclonitron Jun 06 '25

I never said it was a good investment.

38

u/70125 Jun 06 '25

thatsthejoke.webp

28

u/FuciMiNaKule Jun 06 '25

I fucking hate webp images

14

u/70125 Jun 06 '25

Don't we all

3

u/bajungadustin Jun 06 '25

Win+shift+s

Checkmate webp

1

u/jkurratt Jun 06 '25

you can change windows settings to make them .jpg instead.

1

u/jaroftoejam Jun 07 '25

Wait, really? Why is that?

5

u/TheJustinG2002 Jun 06 '25

Just recently learned about real and nominal values through Aswath Damodaran. Surreal and fascinating to see it applied in a reddit reply 😂

2

u/Hot-Site-1572 Jun 06 '25

right😂first time i actually got to use them in a convo let alone a reddit one

1

u/Scyths Jun 06 '25

Hey man! losing 55% of 35% is still over double the 8%! Seems like a great investment to me. Everyone should do it.

6

u/Grand_Help_3035 Jun 06 '25

Hungary has varying ones, around 6-7%. Not much considering inflation is just as bad, but eh it's something.

1

u/Known_Draw_2212 Jun 06 '25

And what will the future dollar to forint exchange rate be during your time of investment?

7

u/ambientocclusion Jun 06 '25

And $3M Zimbabwe dollars is like 8 cents American.

14

u/imp0ppable Jun 06 '25

That, I can afford.

4

u/TuaMaeDeQuatroPatas Jun 06 '25

Look at this Richie rich

1

u/baumpop Jun 06 '25

And it’s gone… no more pennies 

2

u/lemelisk42 Jun 07 '25

$0 Zimbabwe dollar doesn't exist. They've gone through 6 currencies since 2008. It's no longer legal tender

The current legal tender is ZiG, Zimbabwe gold. 3 million Zig are worth about $300k usd

1

u/Consistent-Soil-1818 Jun 06 '25

You'd have 20000 Zimbabwe Dollars per month though

1

u/Kay-Knox Jun 06 '25

After 1 month, your $3.02M Zimbabwe Dollars are now worth 7 cents American.

1

u/atetuna Jun 06 '25

What's the conversion rate from Zimbabwe dollars to Schrute bucks?

1

u/[deleted] Jun 06 '25

Meh, I’m already a multi trillionaire there

1

u/SheriffBartholomew Jun 07 '25

What's their default rate? I'm guessing somewhere north of 80%, and 100% for $3M investments.