US Savings Bonds

Posts Tagged ‘bonds’

Question: Can anyone give me some info on saving money?

I am a teen wondering what the best way to save and invest money is. Should I get a savings bond, a CD, invest in the stock market, or what? I would appreciate info from anyone that has info on the subject.

Answer: It really depends on when and how you want access to the money.

Short term:
If you need access then a Savings account like www.emigrantdirect.com at 5.05% is a good place to start. Local bank savings will only be about 1 to 1.25% you would actually be losing money to inflation.

Mid term couple years:
CD’s are OK but your money is tied especially if you want to beat 5.05% it will be longer than a year more like two years. If you have to have super safe then this is OK.
Better with some risk would be ETF’s or no-load Mutual Funds, look for no load funds like Vanguard and being young go for 8 to 10% historical returns.

Long term 4+ years
US Savings Bonds, very secure but very long term with small return, may be 6% at best.
Being young again ETF’s and Mutual Funds are a better choice and since long term is the goal go for more risk like funds that have 10 to 15% historical returns, again no-load funds.

It’s good to start when you are young treat buying shares in an EFT or a mutual fund like buying stuff at the store. Think of them as stuff you want to buy like a new football, Shoes, stereo, etc… The difference between the Rich and the Poor is the rich buy assets and the poor buy liabilities.
For example

The poor spend $17 on a (music) CD that’s worth $3 as soon as you leave the store and you can’t give it a way 20 years later. – A liability

The rich spend $17 on a stock that pays a small dividend starting a $0.25 a year and in twenty years is worth $98 and pays $2.50 in dividends a year
- An asset

Savings Bonds 2-3% Daily Return On Your Money !!!!!!!!!!!!

Question: A good site to get Savings Bond values?

I had a great URL for a site where I could enter information about a savings bond and it would give me the current value. My PC that has the URL is down. Do you know the URL? or a way to get it other than just a google search?

Answer: http://www.savingsbonds.gov/

Placing a Municipal Bond Order Trading Web site

Question: Collecting Savings Bonds from another state?

So long story short, my father gave me a call yesterday and told me my stepmothers mom had passed away and she apparently bought a bunch of Savings Bonds for me since I was like 5 years old……however he lives in California and I live in Nevada so he says that I can only pick them up IN PERSON because I have to sign for them………….. is there no way I can get the attorney to fax me the papers and I can sign it and have it notarized or anything? is there any alternative option to me traveling to California for these? Thanks.

Answer: You need to sign for them in person…. meaning who ever holds them for you (law firm) won’t let them go unless they go into the hands of the right person… which is you.

Contact the executor of her estate (your father should be able to tell you who that is) and talk to them to see what your options are. Chances are… you will have to make the trip to pick them up.

Hyperinflation