Municipal bonds, Ted. I’m talking double-A rating. The best investment in America.
In inflationary times, short bonds are generally better. You don’t want to be stuck with 9.62% bonds when 22% bonds are calling out to you.
Having said that,any paper is suspect.
Tangible items, long discussed here, are preferred.
You can buy up to 10K per person per year. You have to hold them at least one year. Interest is adjusted biannually, and can go down as well as up. If you cash them in before five years, you forfeit a three months of interest. Given the prospects for the economy the next five years, it seems hard to beat, high interest with the only risk being the total crash of the governments ability to pay interest. Not likely no matter how bad Biden makes it.
Your still losing money. It’s not keeping up with real inflation.
Seriously, even if inflation drops to 0% for the next 6 month (hah!), you will get an interest rate of 4.81% for the year. You can't beat that on a one year CD. I have some from 20 years ago which have a fixed portion of 3%, so I have a total rate of 12.76% for six months.
Bills, notes, bonds is the maturity order. Bills are less than 2 years, notes 2 to 10, and bonds 15 and out.
Just a few years ago, my IRA warned me that the portion of my fund that was in inflation-proof bonds was losing money because the fees were greater than the interest on the bonds.
.
"Prepare Now, Huge Inflation Is Coming..." — Warren Buffett's Last WARNING
bmp
lend money to a criminally corrupt, incompetent and bankrupt government....?
naaaahhh……..