US Savings Bonds

Posts Tagged ‘financial’

Question: What is the best series of US Savings Bonds to invest in? I am looking to make small investments a month.?

Answer: none of the bonds. A mutual fund is nice as is a Roth IRA; and forget the 1.6% savings account.
One way to make 18% on your money is to cut up those credit cards thereby saving the interest 6-24%, and pay cash..
Dave Ramsey has a great financial peace series he teaches calles FPU financial peace university

Investment Facts : How to Buy Bonds in the US

Question: US Savings Bond Tax HELP?

Why do i have to file the tax on a savings bond? And what happens if i lost the redemption statement? Could i get in trouble if i don’t file it?

Answer: It’s interest, and that’s taxable income. At the end of the year the bank where you cashed it will send you a 1099-int and also report the info to the IRS. If you don’t show it on your return, you won’t get in trouble exactly, the IRS will just sent you a bill for what you should have paid, plus interest on that.

Save money @ Amazon.com & become debt free!

Question: Personal investment strategy: bonds/securities and career?

How does this look as a long-term investment strategy:

50% of my savings go into very stable investments, such as government bonds.

The other 50% of my savings go to my career. This includes university, certifications, books, etc. Basically anything that will enhance my career and give me more options and a greater salary.

(Some details: I’m 22, and working in IT as a software/web developer)
@Darn Dave, I could study finance at university and spend years building up a career in it, but I’m not sure that I’m very interested in finance.

Do you think one has to be interested in finance and very knowledgeable in order to make wise investments?

Answer: At your age, inflation will eat up that 50% of savings. You need an investment that will at least stay ahead of it, like stocks or Mutual Funds. For now, I’d put the same amount in fixed income that would correlate with your age. 22% fixed income, 78% stocks and Mutual Funds.

Prechter: Bond Bubble Bursting