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#Post#: 18133--------------------------------------------------
US Savings Bonds
DIR By: trollslayer
Date: December 10, 2014, 9:48 am
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Among some of the things we found in my moms belongings while
going through her paperwork was a $25 US Savings Bond from 1966.
My brother took it in to find the value of this just out of
curiosity. It was worth a whopping $238. 48 years worth of
interest didn't add up to a lot here!
#Post#: 18135--------------------------------------------------
Re: US Savings Bonds
DIR By: Snickers
Date: December 10, 2014, 1:25 pm
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--- Quote from: trollslayer link ---
>
> Among some of the things we found in my moms belongings while
going through her paperwork was a $25 US Savings Bond from 1966.
My brother took it in to find the value of this just out of
curiosity. It was worth a whopping $238. 48 years worth of
interest didn't add up to a lot here!
>
--- End Quote ---
As small of a return that it had over those years. It still did
better then a savings account does now days.
#Post#: 18140--------------------------------------------------
Re: US Savings Bonds
DIR By: rapids_60
Date: December 10, 2014, 4:01 pm
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Kind of a fun find there TS, although I wish the circumstances
were happier ones.
Bonds aren't for growth, they are for safety. You may not gain
much but you'll never lose money.
Snickers, the low interest rates tick me off. They encourage
borrowing instead of saving. Of course they also force people
into the stock market if they need growth, which IMHO is
intentional.
#Post#: 18142--------------------------------------------------
Re: US Savings Bonds
DIR By: Jeepers
Date: December 11, 2014, 3:11 am
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I don't think that was such a bad deal. I'm not sure of this but
I think who ever bought it paid $12.50 for it and when it
reached its maturity date it was worth $25 and eventually after
all those years it increased to $238.
#Post#: 18143--------------------------------------------------
Re: US Savings Bonds
DIR By: trollslayer
Date: December 11, 2014, 6:48 am
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--- Quote from: Jeepers link ---
>
> I don't think that was such a bad deal. I'm not sure of this
but I think who ever bought it paid $12.50 for it and when it
reached its maturity date it was worth $25 and eventually after
all those years it increased to $238.
>
--- End Quote ---
Well Jeeps, back in the day it was patriotic to buy bonds. A
quick check on the math shows it made about $5 a year. If I
were looking for an investment, I would be looking for a little
more than that! :D
#Post#: 18225--------------------------------------------------
Re: US Savings Bonds
DIR By: udontnojack
Date: December 16, 2014, 5:26 am
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I know there were some bonds that the government quit paying
interest on a number of years ago. Not sure what the cut off
was.
#Post#: 18235--------------------------------------------------
Re: US Savings Bonds
DIR By: rapids_60
Date: December 16, 2014, 11:28 pm
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--- Quote from: udontnojack link ---
>
> I know there were some bonds that the government quit paying
interest on a number of years ago. Not sure what the cut off
was.
>
--- End Quote ---
That isn't uncommon with certain types, once they hit maturity
that's it.
#Post#: 18245--------------------------------------------------
Re: US Savings Bonds
DIR By: udontnojack
Date: December 18, 2014, 5:49 am
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HTML https://www.treasurydirect.gov/indiv/research/articles/res_invest_articles_mud_0105.htm
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