US Savings Bonds

Posts Tagged ‘finance’

Question: Can you get in trouble for having Savings Bonds while collecting welfare?

I’ve been out of work for a very long time and denied unemployment. It is taking forever and its is very hard to find honest work around here right now. So I applied for welfare. Its not alot and I’m doing their work training stuff and whatever else is necessary.
I’m 2 months behind all my bills and today my dad handed my Savings Bonds. They were purchased when I was a kid, they are in my name…But I NEVER knew anything about them until today. My dad said he forgot about them.
Since I said on the welfare application that I didn’t have any investments, can I get in trouble now? I assume I would have to pay back what was given to me, but is there any legal trouble???

Answer: Since you’re coming forward with the information, I’m sure they will not consider it fraud. You may or may not have to pay back what you’ve gotten.

Question: I Want Power…What Is The Best Way To Invest In The Energy Sector?

At present I am sitting on a hunk of change earning pennies in a “high” yield savings account. I want to move this money into something more profitable. Up until now my two ex-lovers managed my money very successfully earning 110% profits during the internet boom and 40% profits in retail over the past four years. However, in between I poorly invested in Fidelity Mutual Funds. I’ve since sold my S&P fund, but I still have about $5,000 in Computers (Select).

Question #1: Keep the Fidelity Computers or sell and cut losses?

Question #2: What is the best way to invest in the energy sector avoiding penny stocks, junk bonds, shorting and high risk? Please advise for both long and short term investments.

Question #3: Where should I start my research? I am not looking for stock tips—instead give me tools to educate myself to bring in greater profits than my ex-lovers did.

PLEASE

Thank you!

Answer: Some suggestions for you to research.
XLE, an ETF that tracks the big energy companies listed on S&P 500.
APA, an attractive oil drilling and exploration company.
GRP, oil drilling equipment.
JOYG, coal mining equipment

Bond Investing : How to Find a Current Yield on a Bond

Question: US SAVINGS I BOND…HELP PLEASE.?

US SAVING I Bonds ARE PAYING 0% FROM MAY TO OCT 2009.

MY QUESTION IS: DOES THAT 0% INCLUDES INFLATION? SO IF I INVEST IN I BOND WILL I GET 0% BACK?

SO…LETS SAY $100 IN I BOND TODAY WILL EQUAL, $100 IN 20 YEARS OR 40 YEARS? ( I THOUGHT THAT I BOND HAVE AN INTEREST % PLUS INFLATION RATE ADDED TO IT. THANKS PLEASE HELP

Answer: The 0% is *due* to deflation. The formula actually came up negative, but they don’t make you pay them….

Don’t buy I-bonds for the next 6 months.

Personal Finance & Money Management : What Is a Money Market Savings Account?