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46,178 Views • May 14, 2022 • Click to toggle off description
Well.. okay… not really. You see, Series I savings bonds are inflation-protected bonds backed by the US government, and the treasury announced that they will pay a little under 10% interest through October of this year.
Unlike your regular government treasury, I bonds have an adjusted variable rate of return that’s tied to the Consumer Price Index, which is the commonly used metric to measure inflation
Of course, this might sound as great as any apple product, but they do come with some downsides
First, you can only buy up to $10,000 worth of I bonds per year, and they’re only really good at protecting your cash since you’re not really getting an ROI, you’re just protecting against inflation
Also, there’s a penalty if you cash out before five years of at least three months of interest, so don’t expect a quick day trade in your Robinhood account to make a quick buck.
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Uploaded At May 14, 2022 ^^
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82 Comments
Top Comments of this video!! :3
I dont feel like the "why" that was asked in the title was ever answered.
71 |
the best hedge against inflation is gardening skills and a strong hard, uh, constitution.
43 |
They're great for an emergency fund as long as you don't have an emergency while the funds are locked up for a year.
48 |
It's like a "stimmy check" for people who lock in those 10 thousand to spend less and help lowering inflation. Also, not available to non US Residents / Citizens, sadly. It may be helpful for poor people who want to keep their emergency money safe while losing less to inflation (or not losing to "official" inflation 😉)
2 |
You could put up to 15k per entity, so each person as well as any companies you own.
And its locked in for 1yr, with the 3-month penalty up to 5 yrs. So like a CD but with better interest.
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All the inflation value that you get is immediately taxable at full income rates, even if you don't sell it. Normally it's just the payments thqt are income tax applied, and capital gains tax is owed or refunded upon bond disposition.
So that can be a big deal.
3 |
Man that's interesting. I never heard about these Ibonds. That's a sub.
10 |
you didnt answer the question, just what they are
21 |
I would love to have these in other countries, but as usual the rest of the world pays for US monetary policies.
6 |
So are government is asking for money with out asking for money. That is worrying.
3 |
That sounds like you still lose, just less. Because the consumer price index underestimates inflation
4 |
Somewhat like ELSS in India. But here it's not guaranteed to be protected against inflation. Does this have some tax benefit?
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My professor of political science brought these to my attention last week, thought it was interesting and also weird to see this show up on my feed a week later. The HILLS HAVE EYES.
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Don't really understand the novelty of it, beyond the 9.6% rate. France has had inflation protected treasury bon for ever (like it's even standard now) without all the restrictions.
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I buy them every paycheck
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I love them and they are sorta cheap. Own 15 myself
5 |
I have no clue what any of that meant
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“But those who take usury will rise up on the Day of Resurrection like someone tormented by Satan’s touch. That is because they say, ‘Trade and usury are the same,’ but God has allowed trade and forbidden usury. Whoever, on receiving God’s warning, stops taking usury may keep his past gains- God will be his judge- but whoever goes back to usury will be an inhabitant of the Fire, there to remain.” (Quran 2:275)
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Can non Americans buy this bond ?
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@officiallyunofficial3741
2 years ago
Went to look at the treasury direct site, and just a heads up, you can buy 15k, 10k online, and up to 5k directly from your tax refund in paper form.
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