Hi All,
Well. I went ahead and did it again. Despite the rate on US savings bonds being so low, I raided the change jar and cleaned out the corners of wallet and picked up another $25.00 Series EE savings bond.
Seriously, from a financial standpoint, buying these bonds makes NO sense. Their rate is under 1%. So on an investment of $25, the return is pennies a year. Plus, the Feds seem hell bent on racking up the national debt beyond any reasonable expectation of repayment, so there is a good chance that inflation will decimate the return on this asset class. It’s not a good way to build wealth.
That said, I can’t get enough of them. I LOVE buying savings bonds. Series I, Series EE, small amounts of bonds, big amounts of bonds, I just can’t get enough. It’s an emotional thing. The prospect of having something in my mail other than bills is great, as is the fact that you get something physical to represent your investment. It’s tangible and satisfying. I love watching the paper stack of bonds pile up. The whole process makes me happy.
In honor of the 60s when savings bonds used to be cool, here is video starring Elizabeth Montgomery – she was a 60s sexpot who was in the popular tv show Bewitched. For all the guys out there, you’ll be able to appreciate the themes the promoters were going for…Christmas, freedom, investing and hotness!!!
Best,
James
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