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Started By
Message
re: Series I bond Rate is PREDICTED to be 9.62 for May
Posted on 5/4/22 at 6:02 am to slackster
Posted on 5/4/22 at 6:02 am to slackster
I believe you have to have tax refund funds to purchase through your tax returns. You effectively purchase the bonds with your refund. I am not sure if you can just send the IRS more money to allocate to the I bonds.
0
Posted on 5/4/22 at 7:23 am to thelawnwranglers
Gotcha. thanks for the info. I'll use the HELOC for this
Posted on 5/4/22 at 7:52 am to LSU2346
Are people treating this as some sort of investment or a way to park money somewhere so it doesn’t lose value? I see folks in here trying to throw tens of thousands at something that is designed to mirror the inflation number that the government releases.
Is the play here to throw money into these bonds while inflation is high and equities look like they are approaching a cliff, then cash out the bonds and move to equities when the markets appear healthy?
Is the play here to throw money into these bonds while inflation is high and equities look like they are approaching a cliff, then cash out the bonds and move to equities when the markets appear healthy?
Posted on 5/4/22 at 7:53 am to thelawnwranglers
quote:
Unrelated I guess you don't get 1099 int until cash/maturity? I think my dad on some claims interest yearly but no way IRS can keep that straight
You can do either - yearly or at maturity.
Yearly is probably preferable on the whole, depending on the income situation.
Posted on 5/4/22 at 7:54 am to TigerTatorTots
I bonds are a nice store of value relative to savings accounts and shite.
They’re a terrible long term investment.
They’re a terrible long term investment.
Posted on 5/4/22 at 7:56 am to slackster
Ok that’s what I gathered. Seeing people in here throwing so much at it made me wonder what their strategy was
Posted on 5/4/22 at 8:01 am to TigerTatorTots
"So much" is relative.
Posted on 5/4/22 at 8:34 am to TigerTatorTots
The strategy is to make much higher returns with excess funds without risk. This at a time when people are looking at a high risk of recession, and a market overvalued. Many of us see interest rates creeping up, and plan to have funds parked aside for buying opportunities that may come our way in real estate or lower equity prices.
Posted on 5/4/22 at 9:15 am to TigerTatorTots
I can’t speak for others, but my thoughts were I have these excess funds sitting earning essentially nothing in checking/savings so I’ll park them here until I either really need the money or the rates drop so low it doesn’t make sense any longer. It hasn’t changed anything regarding my weekly deposits into my equities.
Posted on 5/4/22 at 11:23 am to TigerTatorTots
quote:
Are people treating this as some sort of investment or a way to park money somewhere so it doesn’t lose value?
I'm using them for my emergency fund. Even when inflation returns to normal, I'm still keeping mine there.
Posted on 5/4/22 at 2:44 pm to gpburdell
Makes sense, thanks for the responses
Posted on 5/4/22 at 8:26 pm to TigerTatorTots
so you can buy these through a fidelity account?
and what's the penalty if you sell before 5 years?
and what's the penalty if you sell before 5 years?
Posted on 5/4/22 at 9:07 pm to FMtTXtiger
Not sure on the first part but the “penalty” is you lose 3 months of accrued interest.
Posted on 5/4/22 at 9:27 pm to FMtTXtiger
quote:
you can buy these through a fidelity account
No, they can only be purchased through Treasury Direct website.
Posted on 5/22/22 at 5:47 pm to FMtTXtiger
Tried to sign wife up and have to get signature guarantee on form :(
Posted on 5/22/22 at 7:07 pm to glorymanutdtiger
Wish I had been able to buy more. Going to do another 10k shortly as soon as we settle some expense decisions.
Posted on 5/23/22 at 5:52 am to glorymanutdtiger
Does anyone know if you can use a joint bank account or can my wife use my bank account to purchase the bonds?
I know we need a separate treasury direct account, but was wondering about the bank used.
Thanks.
I know we need a separate treasury direct account, but was wondering about the bank used.
Thanks.
Posted on 5/23/22 at 5:55 am to NATidefan
Wife and I used a joint account for ours.
Posted on 5/23/22 at 6:05 am to cusoonkpd
Thankyou!
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