I bought $10k worth of series i bonds 1 year ago! Here's HOW MUCH $ they are worth NOW!
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- čas přidán 2. 08. 2024
- Hello, in this video I will explain what i bonds are and why you would buy them. I also explain how the interest calculations work and what my bonds are worth 15 months later.
THIS IS NOT FINANCIAL ADVICE!
#ibonds #investing #jpow #gettingrich #moneyprinter
Last October I bought $10k worth of series i bonds from the US treasury. After 15 months it is finally time to sell them!!! If you sell i bonds before 5 years time, you are penalized on the last three months of interest 😔. I wanted 1 year worth of interest, that is why I waited 15 months. The current rates for when I bought mine are 3.38% since mine had no fixed interest rate. My brokerage account pays 5% apy so I am going to transfer the money over there.
Hope you enjoy this explanation and first hand view of "redeeming" the i bonds. The money will be in my bank account in 2 days! (from time of filming, it's already there)
Happy New Year!! cheers to 2024!!
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comment down below if you also bought i bonds. What are they worth now? how much do you own?
thanks to @TimvanHelsdingen for the jpow money printer video:
• Money Printer Go Brrr ...
timestamps
0:00-2:49 intro
2:49 -6:53 rates
6:53-12:27 interest calculations
12:27-14:19 more about i bonds
14:19-14:22 all hail jpow
14:22-16:29 redeeming bonds
16:29 final thoughts
Cya around.
links you might find helpful should these topics interest you;
If you want to start an account here to buy treasury securities; (including i bonds):
www.treasurydirect.gov/log-in/
rates and explanation of calculations:
treasurydirect.gov/savings-bo...
rates chart:
treasurydirect.gov/files/savi...
Fed mins:
www.federalreserve.gov/moneta... - Zábava
This is not financial advice, just an educational video explaining i bonds and how much I earned in interest in the last year(well 15 months). Thanks for watching!
Nice vid! good information, thanks!
😀
instructions unclear. currently 34 Trillion in debt
Just print more money!!!