US Savings Bonds

Posts Tagged ‘investing’

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: how can i track down a Lost Savings Bond if i have little info?

my grandfather (whose no longer with us) bought me a bond that would have matured to $800 like 8 years ago. unfortunately, i have lost it somewhere along the way… and have no record of the serial #’s. anyone know what i can do?

Answer: To get your bond replaced, you’ll need to complete Form PD F 1048. You’ll need the approximate issue date along with the complete names, addresses, social security number that appeared on the bond, and the bond serial number. If you don’t know the serial number, write “unknown” in the space provided. If the bond owner is a minor, the form should be signed by both parents and the minor’s age and social security number should be included.

You can download the CLAIM FOR LOST, STOLEN OR DESTROYED UNITED STATES Savings Bonds
at http://www.savingsbonds.gov/NC/FoRMSHome?FormType=SBF&site=indiv.

Savings Bonds Do’s and Don’ts

Is it time to rebalance your portfolio? – Vanguard