Ibonds

This is what Im doing. Im waiting for the dow to hit 20k

  1. 2 weeks ago
    Anonymous

    Self bump. Any opinions?

    • 2 weeks ago
      Anonymous

      I bought $10k of I-bonds yesterday

  2. 2 weeks ago
    Anonymous

    Can I just chuck $10k in this on my name, $10k on my wife's name, $10k on my business, and then do this again next year?

    Like why do these exist? Feels weird

    • 2 weeks ago
      Anonymous

      You used to be able to buy them at any bank with cash anonomously. Now you have to register. Sucks but Im buying 10k next week

    • 2 weeks ago
      Anonymous

      You can gift them. My dad is a boomer and has tripled money in these. Gave me a 1k bond when I graduated hs years ago.

    • 2 weeks ago
      Anonymous

      I'm not sure, but don't forget you can also use up to $5k of your tax return to buy paper I Bonds (and then you can fill out a form and send them to the Treasury to convert to electronic bonds in TD). So that brings the limit to $15k/year, if rates are still worth it you can just overpay on your taxes near the end of this year to ensure your return come tax time is at least $5k.

  3. 2 weeks ago
    Anonymous

    The initial interest rate on new Series I savings bonds is 9.62 percent. You can buy I bonds at that rate through October 2022.

    • 2 weeks ago
      Anonymous

      so i give the gubment 10k and get back 11k in a year?

      • 2 weeks ago
        Anonymous

        Assuming they maintain the 9% interest rate through the next 12 months, then yeah.

      • 2 weeks ago
        Anonymous

        Yup. At the moment. It trackks inflation

  4. 2 weeks ago
    Anonymous

    ok so wtf are these things? wtf are bonds? jesus im annoyed I dont know shit. im gonna put some of the blame on my schools for teaching me shit and me not googling better.

    • 2 weeks ago
      Anonymous

      Google I bonds. I have a degree in finance with a minor in math. I bought a load of jcp so Im no genius

    • 2 weeks ago
      Anonymous

      They are a boring AF investment. The kind of shit old people buy before they go pick up their cholesterol meds at the pharmacy.

      • 2 weeks ago
        Anonymous

        Imagine you stuck with boring investments this year instead of losing your ass in crypto

        Ahah...haha...yeah just imagine

      • 2 weeks ago
        Anonymous

        Boring is fine if you're looking to diversify

  5. 2 weeks ago
    Anonymous

    Treasury Direct made me fill out an Account Authorization form. I had to physically go to a bank location to get it approved. Annoying as fuck but hopefully I'll be able to get some of that juicy 9.6% interest soon.

    • 2 weeks ago
      Anonymous

      I already have an approved account but I did it with an online bank. God I hope they dont make me do this later

  6. 2 weeks ago
    Anonymous

    Im going to bed, but youre welcome to whoever discovered the best 10k investment.

  7. 2 weeks ago
    Anonymous

    If they are anything like series EE bonds then you are retarded.
    I wish my czech grandparents did a 25-30 yr CD then that shit.

    • 2 weeks ago
      Anonymous

      They're not like EE bonds.

  8. 2 weeks ago
    Anonymous

    It's a relatively safe investment if you have 10k you can't decide to place anywhere else. Just be aware that it's locked up for a year and there's a few months of lost interest if you try to sell before 5 years are up.

  9. 2 weeks ago
    Anonymous

    Dow is going to hit 15k, it is 87% confirmed that we will break 20k.

    if we break 15k, we are guaranteed to bottom out at 5k.

  10. 2 weeks ago
    Anonymous

    is the maturity 30 years? am i correct? holy shit
    if inflation rises then your bond price will fall, you can't take profit unless you wait for maturity which is in 30 years
    wtf is this useless shit?

    • 2 weeks ago
      Anonymous

      You do not have to hold until maturity. You just don't accrue interest after maturity.

    • 2 weeks ago
      Anonymous

      after 1 year, you can trade your i-bonds with penalty
      after 10 years, you can trade your i-bonds without penalty
      after 30 years, your i-bonds stop accruing interest.

      10 years is the time frame.

      • 2 weeks ago
        Anonymous

        5 years no penalty anon

  11. 2 weeks ago
    Anonymous

    TIPS, Treasury Inflation Protected Securities. .096 * 10,000 * .76 (it's taxable) is a paltry $730 dollars. Literally not worth my time to navigate around boomertreasury.com

  12. 2 weeks ago
    Anonymous

    so I'm reading about these and what kind of scam are they pulling here?
    >The interest on I bonds is a combination of the fixed rate and the inflation rate.
    >The inflation rate is calculated every 6 months.
    >Composite rate = [fixed rate + (2 x semiannual inflation rate) + (fixed rate x semiannual inflation rate)]

    The fixed rate right now is 0%...

    So you have a variable rate bond where they could potentially pay you 0% interest.

    • 2 weeks ago
      Anonymous

      We could even see negative interest rate. look at Japan.

      • 2 weeks ago
        Anonymous

        Well they did say it won't be negative (nominally). It's just misleading in Treasury Direct when they say you buy it with a fixed rate, which is true, but it's currently 0%

        So $10k in the iBond today gets you a guaranteed ~$450 after 6 months (so ~$75 per month) then a rate recalc but probably similar AND compounded, so new rate on the new principle. You really only lose if they decide inflation is gone, in which case you hold for 3 months then bail.

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