D-Hustle Posted August 5, 2022 Report Share Posted August 5, 2022 close to 10 percent is peanuts. Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted August 5, 2022 Report Share Posted August 5, 2022 1 minute ago, WVU said: Were you holding I bonds 3 years ago? You’re missing the point. No normal investor buys them at their usual .5% or whatever. they aren’t long term holds. The rate is adjusted every 6 months. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted August 5, 2022 Report Share Posted August 5, 2022 36 minutes ago, WVU said: These bonds are paying great now, but what did they pay a few years ago? I laddered I bonds from around 2000-2015 for my kids and I was pleased with the returns. There's a .gov website where you can download a tracker. Put your bonds in monthly and it calculates the intrest, current values, maturity dates, etc... Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 5, 2022 Report Share Posted August 5, 2022 29 minutes ago, mikeman said: It's a great investment if you're poor and only have $10-20K to invest, getting 10% with no risk is great. they are great right now regardless of how poor you are... and you can do 10k/person/year so family of 4, 12/31/2021 could put in 40k and then another 40k on 1/1/2022... so that's 80k in a 2-day stretch Quote Link to comment Share on other sites More sharing options...
mikeman Posted August 5, 2022 Report Share Posted August 5, 2022 18 minutes ago, MonkeyF0cker said: Every level of investor should max these out if they can. You cant withdraw for a yr, if you hold less than 5 yrs you lose 3 months interest, it's great right now but it does have drawbacks. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 5, 2022 Report Share Posted August 5, 2022 19 minutes ago, WVU said: Were you holding I bonds 3 years ago? Nope. Why would I have? There are intelligent ways to invest. Quote Link to comment Share on other sites More sharing options...
WVU Posted August 5, 2022 Report Share Posted August 5, 2022 21 minutes ago, MonkeyF0cker said: Nope. Why would I have? There are intelligent ways to invest. do you think inflation will continue at this rate or worse? God I hope not Quote Link to comment Share on other sites More sharing options...
WVU Posted August 5, 2022 Report Share Posted August 5, 2022 37 minutes ago, joeybagadonuts said: You’re missing the point. No normal investor buys them at their usual .5% or whatever. they aren’t long term holds. The rate is adjusted every 6 months. I am for sure missing the point. But this is nothing more than a past posted investment. This thread would have been handy 2 years ago. But now? Quote Link to comment Share on other sites More sharing options...
PatrickBateman Posted August 5, 2022 Author Report Share Posted August 5, 2022 1 minute ago, WVU said: I am for sure missing the point. But this is nothing more than a past posted investment. This thread would have been handy 2 years ago. But now? Inflation is still going strong. Not sure how clueless a person could be. Remember when you hid under the bed? Quote Link to comment Share on other sites More sharing options...
WVU Posted August 5, 2022 Report Share Posted August 5, 2022 1 minute ago, PLB said: Inflation is still going strong. Not sure how clueless a person could be. Remember when you hid under the bed? I am clueless because I feel this thread would have been a better service 2 years ago? Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 5, 2022 Report Share Posted August 5, 2022 6 minutes ago, WVU said: I am clueless because I feel this thread would have been a better service 2 years ago? the i bonds didn't start paying nice interest until nov 1 2021... so there was no real reason to buy them 2 years ago, you would've just been stuck making close to 0 interest for the first year Date the inflation rate was set Inflation rate for six months (See: When does my bond change rates?) May 1, 2022 4.81% November 1, 2021 3.56% May 1, 2021 1.77% November 1, 2020 0.84% May 1, 2020 0.53% Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 5, 2022 Report Share Posted August 5, 2022 any bonds bought before november 1, 2022 will get 9.62% annualized for the first 6 months... the next 6 months after that will be somewhere close... and then you could dump them wvu is in florida where the tax benefit doesn't matter (for everyone else, interest on these bonds is TAX-FREE for state purposes) safe and easy almost 10%/year, with the benefit of no state income tax, in a state like california that makes the interest worth over 11% compared to something else Quote Link to comment Share on other sites More sharing options...
PatrickBateman Posted August 5, 2022 Author Report Share Posted August 5, 2022 Mike if you hold for multiple years you can pay taxes when you cash? Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 5, 2022 Report Share Posted August 5, 2022 9 minutes ago, PLB said: Mike if you hold for multiple years you can pay taxes when you cash? yes it's when you cash them in, so there can be some strategy there if someone's income fluctuates also if you use the money for education then the interest can be totally tax-free Quote Link to comment Share on other sites More sharing options...
PatrickBateman Posted August 5, 2022 Author Report Share Posted August 5, 2022 1 minute ago, milwaukee mike said: yes it's when you cash them in, so there can be some strategy there if someone's income fluctuates also if you use the money for education then the interest can be totally tax-free Great 👍 Thank you. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 5, 2022 Report Share Posted August 5, 2022 3 minutes ago, PLB said: Great 👍 Thank you. good thread doesn't matter if someone has $100, $1000, or $10,000... it's still good to make smart decisions and take a nice interest rate instead of just leaving cash in checking mikeman pisses on $1000/yr interest yet goes out of his way to save $2 on expired meat, i don't get it Quote Link to comment Share on other sites More sharing options...
housepicks Posted August 5, 2022 Report Share Posted August 5, 2022 34 minutes ago, milwaukee mike said: good thread doesn't matter if someone has $100, $1000, or $10,000... it's still good to make smart decisions and take a nice interest rate instead of just leaving cash in checking mikeman pisses on $1000/yr interest yet goes out of his way to save $2 on expired meat, i don't get it That’s a major burn Quote Link to comment Share on other sites More sharing options...
mikeman Posted August 5, 2022 Report Share Posted August 5, 2022 1 hour ago, milwaukee mike said: good thread doesn't matter if someone has $100, $1000, or $10,000... it's still good to make smart decisions and take a nice interest rate instead of just leaving cash in checking mikeman pisses on $1000/yr interest yet goes out of his way to save $2 on expired meat, i don't get it I haven't pissed anything away - the rates have been at 10% for a couple months, in the spring it was what - 4%? So there's time. Quote Link to comment Share on other sites More sharing options...
PatrickBateman Posted August 5, 2022 Author Report Share Posted August 5, 2022 2 hours ago, milwaukee mike said: good thread doesn't matter if someone has $100, $1000, or $10,000... it's still good to make smart decisions and take a nice interest rate instead of just leaving cash in checking mikeman pisses on $1000/yr interest yet goes out of his way to save $2 on expired meat, i don't get it 😂 Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted August 5, 2022 Report Share Posted August 5, 2022 2 hours ago, milwaukee mike said: good thread doesn't matter if someone has $100, $1000, or $10,000... it's still good to make smart decisions and take a nice interest rate instead of just leaving cash in checking mikeman pisses on $1000/yr interest yet goes out of his way to save $2 on expired meat, i don't get it EXACTLY, everyone's finances and investments fits a different criteria. For example, AXL has zero use for I bonds Quote Link to comment Share on other sites More sharing options...
WVU Posted August 6, 2022 Report Share Posted August 6, 2022 4 hours ago, milwaukee mike said: any bonds bought before november 1, 2022 will get 9.62% annualized for the first 6 months... the next 6 months after that will be somewhere close... and then you could dump them wvu is in florida where the tax benefit doesn't matter (for everyone else, interest on these bonds is TAX-FREE for state purposes) safe and easy almost 10%/year, with the benefit of no state income tax, in a state like california that makes the interest worth over 11% compared to something else Ok. I’m in. Quote Link to comment Share on other sites More sharing options...
D-Hustle Posted August 6, 2022 Report Share Posted August 6, 2022 eye bonds are for suckers. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.