New advice for investors. Although this forum is about investing in stocks, I just found out about U.S. Treasury I Bonds. They are a no risk investment with a high interest return. I'm surprised that I didn't find out about these sooner. With the stock market fluctuating or even having a downturn and with inflation and even cryptocurrencies having taken a dive, I Bonds are a wonderful opportunity.
The Treasury Department says the following about I Bonds.
“I Bonds can be purchased through October 2022 at the current rate. That rate is applied to the 6 months after the purchase is made. For example, if you buy an I bond on July 1, 2022, the 9.62% would be applied through December 31, 2022. Interest is compounded semi-annually.
A Series I savings bond is a security that earns interest based on both a fixed rate and a rate that is set twice a year based on inflation. The bond earns interest until it reaches 30 years or you cash it, whichever comes first.
For the first six months you own it, the Series I bond we sell from May 2022 through October 2022 earns interest at an annual rate of 9.62 percent. A new rate will be set every six months based on this bond's fixed rate (0.00 percent) and on inflation.
In a calendar year, you can acquire:
up to $10,000 in electronic I bonds in TreasuryDirect
up to $5,000 in paper I bonds using your federal income tax refund
The limits apply separately, meaning you could acquire up to $15,000 in I bonds in a calendar year”
Read about them at: https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_ibuy.htm
This is my new best advice for investors under the current circumstances.
Leave a Reply