Over70irregs
Well-Known Member
Inflation eats raises like a snack.
Anyone Afraid Of Inflation?
- Thread starter Wally
- Start date
meritocracy
Well-Known Member
I'm not afraid of consumer price inflation. I am afraid of a lack of inflation in wages.
Red Headed Stranger
Well-Known Member
If you have any extra money laying around, you can invest up to $10,000 in an I Bond through TreasuryDirect. The composite rate from November 2021 through April 2022 is 7.12%. Sure beats the .50% on a CD right now.
And you can buy up to $5,000 extra with your income tax return
Darmark7
Retired 2020. Not my Problem Anymore!
7.12% is for 6 months. They call that a teaser rate. I wonder what the rate will be after 6 months? Still a place to put some cash.
“For the first six months you own it, the Series I bond we sell from November 2021 through April 2022 earns interest at an annual rate of 7.12 percent. A new rate will be set every six months based on this bond's fixed rate (0.00 percent) and on inflation”
Red Headed Stranger
Well-Known Member
True, but with Biden in office and inflation not looking like it's slowing down, I think the following six months will still beat any CD rate that's available.
The previous 6 months was 3.54 and the 6 months before that was 1.68%.
Some of my older bonds are close to 7 and 3/4% now
Brownslave688
You want a toe? I can get you a toe.
Let me introduce y’all to something called bitcoin
UnionStrong
Sorry, but I don’t care anymore.
But inflation was 6% in September.
They're just the rights twice a year on the I bonds. They have a base rate and an inflation rate
Red Headed Stranger
Well-Known Member
I have an I bond from November, 2000 that is now at 10.64%. Feels like the 1980's again...ha...ha......
UnionStrong
Sorry, but I don’t care anymore.
Having studied your posts for a while now, I’ve learned to decipher them, mostly. I’m gonna say you meant to say the rate is adjusted twice a year, right?
UnionStrong
Sorry, but I don’t care anymore.
He’s an imbecile so….
Brownslave688
You want a toe? I can get you a toe.
My parents saving plan for me and my brothers college was savings bonds.
Seemed like a good idea in the early 80’s. Turned out not so much.
Brownslave688
You want a toe? I can get you a toe.
They’re paying people more and raising prices
Who could have possibly seen the link there.
Red Headed Stranger
Well-Known Member
The I bonds did not become available until 1998. Yeah, the old savings bonds (Series E) weren't much, except if they were used for higher education, the interest (what little bit there was), was tax-free. The H bonds were great but they discontinued them.
Can't beat that
Wally
BrownCafe Innovator & King of Puns
People were getting paid to sit home, making more than working! Add to that stimulus and the attack on energy production.They’re paying people more and raising prices
Who could have possibly seen the link there.
Good job BRANDON.
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