At .49% expense ratio, plus whatever your cut is, it won't be a very cheap product. Even SPAXX, the default holding of cash at Fidelity is cheaper at .42% ER.
There is no free lunch in investing, so that extra yield comes with extra risk. Be that duration, credit, etc. That's not to say MBS's don't have their place, but I would never claim people's mortgages as equivalent to cash in any shape or form. Your website claims MBSF is safe for 3+ month durations, but that is not the avg duration of MBSF held securities, so you are encouraging duration risk.
I haven't read the full prospectus on MBSF, so I'm not an expert on that product, but it seems expensive and complicated, which is not what you want for cash and cash-like things. This should be a hard pass for literally everyone.
Meanwhile you can hold something like ICSH[0] or SGOV[1] with expense in the .09% or lower range(i.e. for every $10k we are talking $9/yr or less in fees). SGOV is 0-3 month max duration, so it's perfect for holdings in the 3 month time-frame. If you need longer time frames you can buy govt bond ladders in whatever time frame you want.
What your product should have been: You specify duration for each of your buckets, and then you pick appropriate, cheap index-based investments that are cheap and easy to reason about for each of the buckets.
The 4.5-5% yields we quote are net of expense ratio. Then our cut is 0.25%, comparable to the 0.15% to 0.6% charged by Mercury, Rho, etc. And we're working on bringing that expense ratio down as we scale.
Functionally speaking, short-duration floating-rate agency MBS trade at such a stable NAV that they're perfectly sufficient for long-term cash, and many large companies trade these.
MBSF is complex in the way that basically any fund is complex, but the strategy it employs is actually quite simple since it only trades a single asset class. Yes the expense ratio is higher than some other funds but the additional yields more than make up for it.
ICSH and SGOV are great funds too, and make sense for shorter-term cash, but they pay significantly less than we do.
Broadly speaking, our product is meant for exactly the kind of cash strategy you're thinking about: multiple buckets with duration spread accordingly. At the moment, our platform is just for the long-term bucket. But in the future, we might add additional shorter-term buckets too (maybe even with ICSH or SGOV).
The risk you are hiding will eventually show up. Charging .25% ER means you probably can make some decent money in the meantime and since the customer holds MBSF directly, you aren't on the hook for the risk. Smart.
It's a great business for you, if you can get enough customers. That said, I would never ever recommend anyone invest with you, since you are either purposely withholding the risks or not smart enough about the product you are trying to sell to understand the risks involved and share them with your customers. Either way, people shouldn't use your service.
They only share a brand and a subset of filter lists - the implementation and functionality of uBlock Origin Lite and uBlock Origin are entirely different.
When UBOL was released for Safari I switched to it from 1Blocker in hopes of getting a closer experience to the full uBlock Origin, but actually switched back after a few weeks - the filter lists in UBOL were letting through more ads than 1Blocker - and both of them are notably deficient compared to uBlock Origin in Firefox.
In my experience, it's easier to take schema out into a new DB in the off-chance it makes sense to do so.
The big place I'd disagree with this is when "your" data is actually customer data, and then you want 1 DB per customer whenever you can and SQLite is your BFF here. You have 1 DB for your stuff(accounting, whatever) and then 1 SQLite file per customer, that holds their data. Your customer wants a copy, you run .backup and send the file, easy peasy. They get pissed, rage quit and demand you delete all their data, easy!
> If you know what you're doing you don't need AWS support.
Some big companies have massive monolith code bases. This is not a generalization you could apply universally. There are a lot of other considerations. What kind of features are we talking about, what kind of I/o patterns are planned, what is the scale of data expected, etc.
Generic Openpilot out of the box is just super nice cruise control right now. So it can do longitudinal and latitudinal control. So it lane keeps, stays behind the car in front of you, etc.
If you use Sunnypilot or one of the other friendly forks, you can do more, but it's not (currently) to the state of Tesla's FSD.
Personally, I recommend buying it if you do a lot of road trips. It's amazing for that. In/around town it's only useful if you have a lot of stop and go traffic, like if you live in LA or other large car-centric city with a big commute.
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