Happy Saturday! Here are the top questions from Ask Titan Anything this week. As always, reach out to us if you have any questions.
Q: How is Titan Treasury different from Titan Cash Reserve?
Think of the Cash Reserve as your "holding tank" before making investments into funds and strategies on Titan. If you roll over an IRA/401K or sell out of a strategy, it will land in your Cash Reserve by default. For other savings like an emergency fund or money for a down payment, we believe Titan Treasury is the best home thanks to its higher yield. Treasury also has tax benefits; some of the earnings will not be subjected to state or local taxes. You should consult with your tax advisor to determine the tax implications of your investment.
Q: What does Apple's move into savings accounts mean for the business?
The launch of Apple's high yield savings account in partnership with Goldman Sachs is yet another example of technology encroaching on the big banks. It is a solid move by Apple and a more revealing trend around the growing allure of cash investments, which are offering solid relative returns after years of near-zero rates. Apple is a trusted brand and if we've learned anything over the last several weeks, trust is everything when it comes to banking and financial services.
Q: What’s the difference between “strategy performance” and “return” within the performance tab?
The “strategy performance” number represents the annualized historical return since you first invested. The "return (all-time)" below the performance chart is a money-weighted rate of return that measures your account's performance taking into consideration both the timing and size of cash flow. In other words, the discrepancies you are seeing in these numbers are a result of making subsequent investments or withdrawals.
Ask Titan Anything is intended to be informational in nature and does not take into account the specific objectives, financial situation, or particular needs of any specific person. Nothing in this content should be construed as investment advice, or a recommendation to buy or sell securities.
Cryptocurrency trading is provided by Apex Crypto LLC. Apex Crypto is not a registered broker-dealer or a member of SIPC or FINRA. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Apex Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Titan Global Technologies LLC. Please ensure that you fully understand the risks involved before trading: apexcrypto.com/legal.
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