| I Bonds Purchssed After May 2015 |
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muckmail
New Member
Cash: $ 0.70
Posts: 3
Joined: 01 Sep 2009
Location: Here
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| I Bonds Purchssed After May 2015 |
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I recently purchased some I bonds with my tax refund. and I found out
that they are paying zero percent. What should I do with them and how
can I get my I bond money earning money.
Thank you,
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Tue May 19, 2015 2:11 am |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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quote:
bonds with my tax refund. and I found out that they are paying zero percent.
Two things - (1) fill out a new W4 at work so that you won't get refunds in the future. (Isn't it amazing that the average tax refund is $3000? You have to wonder why folks think that it's a good idea to overpay all year and then apply to have their own money refunded to them in April?)
(2) always check out an investment BEFORE you buy it, lol.
I use the SP500 Index Fund at a no-load company - it grows tax deferred and has an average long-term return of about 11%/yr.
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Tue May 19, 2015 3:22 am |
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muckmail
New Member
Cash: $ 0.70
Posts: 3
Joined: 01 Sep 2009
Location: Here
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I have keep them for 1 year before I cash them. So what penalty will I have
when I do that? It said 90 day interest penalty.Would they take part of the principle
if I cash them after one year?.
Thank you,
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Tue May 19, 2015 10:44 pm |
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Excentris
Senior Member
Cash: $ 120.30
Posts: 581
Joined: 29 May 2015
Location: montana
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sounds like these bonds you bought are people waiting for you to buy there bonds then use the money to generate money like the bank and then put you through hoops when you want your money back.. What do they gain and what do you gain.. apparently they have to be gaining something and you are.. well looks like gaining nothing but trouble..
what is the difference between me and you to Albert Enestine! nothing.. only yourself! look at you! rise above yourself!
(energy equals everything squared!
sovereign light! fallow the path of light or descend!
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Sun Jun 28, 2015 4:15 am |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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quote:
It said 90 day interest penalty.
If the interest is zero, then the 90-day penalty is zero. You have no chance to make money, I would sell them now and invest elsewhere.
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Sun Jun 28, 2015 12:54 pm |
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CarlosVance
New Poster
Cash: $ 0.40
Posts: 2
Joined: 29 Jun 2015
Location: 38 Scenic Road MOONBAH NSW 2627
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Hello I'm Carlos found out about this forum site while surfing the internet. I am interested in Banking and Finance discussions so please if you need my help do not hesitate and I may need your help as well in the coming days. Thanks for accepting me!
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Wed Jul 01, 2015 3:40 am |
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