I Bonds are popular, from a Jaxville financial newsletter writer friend of mine
 

Looks like everyone is not alone in reaching for yield during increasing inflation times.

Sure as heck beats CDs :blahblahblah: :blahblahblah: :duck:

I grabbed one last week, I think it was you who suggested it here. If so, THANKS!

Think what would happen without an annual limitation......$11B would be a drop in a bucket.

Less debt to China.

:coolsmiley:

I get the 10% they are paying for the first year, but after that aren't they paying 0% for the next 4 years that you are required to hold them. Is this correct?

No.

But the deficit would go up by a huge amount.

No, use the new I Bond funds to pay down (or maturing) old China debt. :MOJE_whot:

Great in theory, but government doesn’t get it and won’t use proceeds to pay down debt, just spend more.

Borrow from Peter to pay Paul? You can do better.

I bonds
 

Yes - I bought the maximum which was $10,000 a year per person. What a great deal 7%. I bought mine a month ago. Not sure what the rate is if you purchase today. I wish I could have bought more. They are great during times of inflation.

Robb, you are not correct. They are liquid after one year.

They could be one of the best cash investments you ever make. I bonds are a good cash investment because they are guaranteed and have tax-deferred, inflation-adjusted interest. They are also liquid after one year.

You can also purchase up to an additional $5K with a tax refund.

Much rather have Villagers hold our debt than China.

You probably like Russian oil too.

You know better than that............the government does not look at newly issued treasuries and then go spend. :icon_wink:

I posted this synopsis 04-24-2022, 10:02 AM. The benefit of buying before the end of April was knowing the interest rates for a full year. If you buy now you know your first 6 months will be 9.62% but you won't know the second 6 month term rate until November this year.

Here is what I posted:



If you purchase an I bond before the end of this coming week(end of April) you will be guaranteed 7.12% interest for the first 6 months and then 9.62 % interest for the following 6 months. After that the rates of your bond changes every 6 months (may and nov) indexed to inflation. You must hold for one year. If cashed in between years 2 - 5 you forfeit the last three months interest. After 5 years no penalty. These I bonds are issued solely by the government. The only place to purchase is TreasuryDirect - Home. Google I Bonds on YOUTUBE - lots of videos at present.