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Here's one for you. Buy iBonds from treasury.gov now! Think of it as a risk free savings account that pays almost 10%[0] at the moment since it tracks inflation
by sometimeshuman 4y ago
Here's one for you. Buy iBonds from treasury.gov now! Think of it as a risk free savings account that pays almost 10%[0] at the moment since it tracks inflation which is currently high. If you need the money back you just forfeit the last 3 months interest.
If you have a business open an account for that entity as well, get one for your spouse, get one for your child, then spread the word. Note the limit is $10k per year.
[0]https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm https://www.treasurydirect.gov/indiv/research/indepth/ibonds...
- jimbob45 4y agoIIRC it tracks at inflation which can run down to zero just as quickly as it can run up. That said, I seem to remember that you’re only penalized three months’ interest after year one so it’s not a crippling flaw.
- sometimeshuman 4y agoThat would be fine. It took over a year to ramp up, if it takes takes that long to ramp down you'll still likely up ~$1000 on $10k for 30 minutes of your time. I wish I had opened my accounts a year ago.
- tokinonagare 4y agoI saw this few months back. I didn't had money to invest. Now I have a bit, but the exchange rate for the EUR/USD pair passed from 1.2 to about 1. Kinda painful to have to invest 1000€ instead of 800€, especially if the rate go back to "normal" again it will wipe out the gains.
- fomine3 4y agoI suspected this is only for US residents (tax payers?). Is it also open for Europeans?