Series I Savings Bonds
Author: Guest
Posted: Thu Aug 21, 2003 4:21 pm
Post subject: Series I Savings Bond
Anyone know anything about these?
Author: sisflomi
Posted: Tue Nov 11, 2003 12:48 pm
Post subject: Series I savings bonds
Read up on them here
http://www.publicdebt.treas.gov/mar/martdibond.htm
http://www.publicdebt.treas.gov/sav/savseree.htm
_________________
Sis
Author: michigangirl530
Posted: Tue Nov 11, 2003 1:46 pm
Post subject: Series I savings bonds
i get them twice a month im not sure on the interest but its 4. something and the interest is for 30 yrs. u use to be able to cash in after 6 months and get interest but now u have to wait for a year.
Author: Reply Guest
Posted: Wed Dec 24, 2003 4:14 pm
Post subject: Series I savings bonds
Not good investments
Author: stevejk
Posted: Tue Sep 28, 2004 2:38 pm
Post subject: Series I savings bonds
Reply wrote:
Not good investments
I agree, Guest. Why loan money to the guvmint when they'll just blow it on welfare queens who just on their butts and watch Jerry Springer and Oprah all day? What's the ROI on that?
However, Series I Savings Bonds are my long term cash savings, guaranteed (albeit by the govmint) to not lose value due to inflation. Will it outperform the S&P 500 in the long term, i.e. by the time I retire? No. Does it give me a cushion for my emergency fund to let me sleep at night while Mr. Market has an apoplectic fit on Wall Street? Yes. Will it outperform money market account rates? Will it outperform 5-year CDs? Maybe, but my rate of return at the moment on savings bonds is higher than the better MMA rates.
On a related topic. I find it amazing that there are $9 to $10.9 Billion in savings bonds that have stopped earning interest. This is good for the gov't as they save $400 Million in interest payments. This is also bad for the gov't because that's a lot of income that people have not paid income tax on yet, since tax is not due until the bond is redeemed. That's why they've gone to the electronic savings bonds. When they mature, they are automatically redeemed and you are sent a 1099-INT.
Posted: Thu Aug 21, 2003 4:21 pm
Post subject: Series I Savings Bond
Anyone know anything about these?
Author: sisflomi
Posted: Tue Nov 11, 2003 12:48 pm
Post subject: Series I savings bonds
Read up on them here
http://www.publicdebt.treas.gov/mar/martdibond.htm
http://www.publicdebt.treas.gov/sav/savseree.htm
_________________
Sis
Author: michigangirl530
Posted: Tue Nov 11, 2003 1:46 pm
Post subject: Series I savings bonds
i get them twice a month im not sure on the interest but its 4. something and the interest is for 30 yrs. u use to be able to cash in after 6 months and get interest but now u have to wait for a year.
Author: Reply Guest
Posted: Wed Dec 24, 2003 4:14 pm
Post subject: Series I savings bonds
Not good investments
Author: stevejk
Posted: Tue Sep 28, 2004 2:38 pm
Post subject: Series I savings bonds
Reply wrote:
Not good investments
I agree, Guest. Why loan money to the guvmint when they'll just blow it on welfare queens who just on their butts and watch Jerry Springer and Oprah all day? What's the ROI on that?
However, Series I Savings Bonds are my long term cash savings, guaranteed (albeit by the govmint) to not lose value due to inflation. Will it outperform the S&P 500 in the long term, i.e. by the time I retire? No. Does it give me a cushion for my emergency fund to let me sleep at night while Mr. Market has an apoplectic fit on Wall Street? Yes. Will it outperform money market account rates? Will it outperform 5-year CDs? Maybe, but my rate of return at the moment on savings bonds is higher than the better MMA rates.
On a related topic. I find it amazing that there are $9 to $10.9 Billion in savings bonds that have stopped earning interest. This is good for the gov't as they save $400 Million in interest payments. This is also bad for the gov't because that's a lot of income that people have not paid income tax on yet, since tax is not due until the bond is redeemed. That's why they've gone to the electronic savings bonds. When they mature, they are automatically redeemed and you are sent a 1099-INT.
posted by CardRatings.com at 11:27 AM
0 Comments:
Post a Comment
<< Home