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re: Need Advice on What to do with some Money

Posted on 2/20/22 at 9:39 am to
Posted by lynxcat
Member since Jan 2008
24174 posts
Posted on 2/20/22 at 9:39 am to
Rarely going to be right investment choice.
Posted by slackster
Houston
Member since Mar 2009
85099 posts
Posted on 2/20/22 at 1:28 pm to
It’s not an investment vehicle. Period.

It’s a tool that should be used wisely in a financial plan, but it’s not an investment vehicle.

Source: Among other things, I write insurance.
Posted by SalE
At the beach
Member since Jan 2020
2424 posts
Posted on 2/20/22 at 1:39 pm to
As you were writing this..I am now seeing ads for Marcus in the right margin..interesting.
Posted by fjlee90
Baton Rouge
Member since Nov 2016
7845 posts
Posted on 2/21/22 at 10:48 am to
quote:

Do ibonds. Making 7% right now and you can cash out anytime you need money. I use ibonds as an emergency fund but it’s also great because the interest is tied to CPI.


How have I never heard of this.

Are there any penalties for selling early other than losing the last 3 months of interest?

Kinda stinks that 10k/year is the limit per person. Would be a hell of a hedge against inflation.

Posted by Wallace Ritchie
Des Moines, Iowa
Member since Oct 2021
492 posts
Posted on 2/23/22 at 1:08 pm to
No other penalty I am aware of. Very liquid.
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