A lot of people are buying I Bonds right now, which might be a pretty good
deal. You buy them from the government and their interest rate is pegged to inflation. They're set to earn a 9.6% annualized rate through October, at which point they'll set a new rate based on whatever inflation is then. You have to hold them for a year before you can sell them and if you sell them before 5 years, you forfeit the last 3 months of interest. But that's still a good deal for a risk free asset at the moment. Say they set the new rate as 5% in October. You'd get 9.6% for 6 months and 5% for six months, for an average of about 7.3%. Deduct 3 months of interest and you're at just under 5.5% for a risk free asset. You can buy a max of $10,000 per person per year, so if you're married, y'all could by $20,000.
It may not be what you're looking for, but I thought I'd mention it because a lot of people are interested in it right now.
It may not be what you're looking for, but I thought I'd mention it because a lot of people are interested in it right now.
Thread Replies (8)
Anyone have any long term stocks they are buying now?**
-- Hokie Golfer
May 11, 2022 at 11:54 AM ET
Hokie Golfer
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05/11/22 11:54 AM ET
A lot of people are buying I Bonds right now, which might be a pretty good
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-- hucareshokiesrul
May 11, 2022 at 03:20 PM ET
hucareshokiesrul
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05/11/22 03:20 PM ET
VT (Vanguard Total World Stock Index Fund ETF) and chill
-- hucareshokiesrul
May 11, 2022 at 03:06 PM ET
hucareshokiesrul
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05/11/22 03:06 PM ET
When rates go up, banks can do well as they can build a rate spread. With
-- Vtskier1
May 11, 2022 at 01:06 PM ET
Vtskier1
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05/11/22 01:06 PM ET
DIS is still a great long term option but I would likely wait until the ...
-- vt90
May 11, 2022 at 01:02 PM ET
vt90
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05/11/22 01:02 PM ET
Boeing, incrementally every $10 it drops. May have hit bottom.
-- HokieJay
May 11, 2022 at 12:03 PM ET
HokieJay
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05/11/22 12:03 PM ET