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Savings Bonds
Me
| 8-13-03
| Me
Posted on 08/13/2003 9:18:08 AM PDT by michwm
Was wondering if buying savings bonds, "I" series, are worth the $$$$$ spent??
Your inputs will help. THANKS!!
TOPICS: Business/Economy; Culture/Society; Miscellaneous; Your Opinion/Questions
KEYWORDS: savingsbonds
1
posted on
08/13/2003 9:18:09 AM PDT
by
michwm
To: michwm
It would be a good buy if you think Interest rates are going to rise in the future. Bonds have tanked over the last three years.
2
posted on
08/13/2003 9:29:11 AM PDT
by
Pro-Bush
(Circumstances rule destiny)
To: michwm
Buy Gold
3
posted on
08/13/2003 9:30:29 AM PDT
by
bmwcyle
(Here's to Hillary's book sinking like the Clinton 2000 economy)
To: michwm
I read that investing in savings bonds is not the best deal around. If you are saving for long term, 15 years plus, a stock index fund would probably make you much more money. If you are nearing retirement, the rule of thumb is to move out of stocks and into bonds, or bank CDs, or T-bills. If you are a socialist and anti-capitalist, then savings bonds are a way to support government spending.
4
posted on
08/13/2003 9:32:58 AM PDT
by
Reeses
To: michwm
5
posted on
08/13/2003 9:33:07 AM PDT
by
Chewbacca
(Stay out of debt. Pay cash. When you run out of cash, stop buying things.)
To: michwm
Mrs. Bat and I "parked" some money in I Bonds about a year and a half ago; liked the non-taxable portion, as well as the fact that the earnings beat the hell out of Money Market rates....plus they're safe.
6
posted on
08/13/2003 9:37:29 AM PDT
by
ErnBatavia
(40 miles inland, California becomes Flyover Country!)
To: michwm
They
were worthwhile. I've got some that are paying 6.6%. Just try to find that rate now.
Newly issued bonds have a current rate of 4.66%, which is 1.1% fixed + 3.54% variable based on inflation. You must hold them for a year, and if you hold them for less than 5 years you lose your last 3 months of interest.
What are your alternative things to do with your money? Money markets are around 1% and CD rates stink too. If you have any debts, especially credit cards, it might be better to pay those off.
7
posted on
08/13/2003 9:39:55 AM PDT
by
KarlInOhio
(A flash mob of one.)
To: KarlInOhio
They were worthwhile. I've got some that are paying 6.6%. Just try to find that rate now.You must have bought yours right after they came out, which is what I did. I'm real happy with that rate, tax-deferred. I'm going to sit on mine as long as possible. It's a nice inflation hedge.
8
posted on
08/23/2003 12:57:54 PM PDT
by
FlyVet
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