Quote:
Originally Posted by manaboutown
I like to use T bills. I pay federal tax on interest when it matures unless I sell the bill before maturity which I have never needed to do. One now can choose to move interest into 2024 through buying a T bill maturing then. I have been buying 6 month bills and rolling them over since currently they pay the highest or near highest interest rate. Treasury Bills — TreasuryDirect |
+1 and TIPS. Yesterday, Treasuries were paying a higher rate than FDIC CDs of similar terms. Easy to buy on Treasury Direct via Manaboutown's link above. Fidelity, Vanguard and Schwab are also easy places to buy Treasuries and then you can very easily sell or buy them if needed on the secondary market. Easy to create a CD or bond ladder on any of those last 3 sites.
Good luck - it's a golden period for cash investors right now, and TIPS may offer you additional piece of mind with their inflation protection as you are right - strange financial times. Are we sure that inflation is truly tamed? Not I, and TIPS may be helpful inflation protection for some here.