2022 Stock Market

[BillyClone]

Not the stock market but investing/saving. Has anyone bought any I bonds? I was thinking about putting some of my money on some, that I have waiting to buy the dip when a market correction does come.

I think I-Bonds (7.12%!) are a great place to put some cash that you don't need for the next 12 months.

Be aware that you can't cash out during the first 12 months and you will forfeit 3 months of interest if you cash out before 5 years. Also, you are limited to $10k per year per individual.

We're moving money from a "high interest" 12-month CD at 0.85% into I-Bonds. Set up Treasury Direct accounts for both me and my wife and moved half last month (2021) and will be moving the other half this month (2022).

The 7.12% holds only for the first 6 months, but even if it were to drop to zero after that, plus losing 3 months of interest, we're still getting a great short-term annual rate.

 

[Clonedogg]

I think I-Bonds (7.12%!) are a great place to put some cash that you don't need for the next 12 months.

Be aware that you can't cash out during the first 12 months and you will forfeit 3 months of interest if you cash out before 5 years. Also, you are limited to $10k per year per individual.

We're moving money from a "high interest" 12-month CD at 0.85% into I-Bonds. Set up Treasury Direct accounts for both me and my wife and moved half last month (2021) and will be moving the other half this month (2022).

The 7.12% holds only for the first 6 months, but even if it were to drop to zero after that, plus losing 3 months of interest, we're still getting a great short-term annual rate.

Right, all great notes, that I was aware of but good to post for anyone that's interested and unaware.

I bought some in November/December and thinking about buying 2,500 every quarter so I can cash out periodically, sort-of a ladder.

 

[dmclone]

Not the stock market but investing/saving. Has anyone bought any I bonds? I was thinking about putting some of my money on some, that I have waiting to buy the dip when a market correction does come.

I put $10k in at the end of December and just put in another $10k yesterday. The website is typical government bad website but the process went smooth. I'm putting some of my emergency savings in there, knowing that I won't be able to pull it out for a year. Better than the .5% I was getting in my savings account

 

[discydisc]

Anyone following the Game Stop saga?

 

[CycloneDaddy]

Anyone following the Game Stop saga?

Nice after hours

 

[cycfan1]

I think I-Bonds (7.12%!) are a great place to put some cash that you don't need for the next 12 months.

Be aware that you can't cash out during the first 12 months and you will forfeit 3 months of interest if you cash out before 5 years. Also, you are limited to $10k per year per individual.

We're moving money from a "high interest" 12-month CD at 0.85% into I-Bonds. Set up Treasury Direct accounts for both me and my wife and moved half last month (2021) and will be moving the other half this month (2022).

The 7.12% holds only for the first 6 months, but even if it were to drop to zero after that, plus losing 3 months of interest, we're still getting a great short-term annual rate.

Have you seen any accrued interest at all being added to your account? I read somewhere was supposed to add monthly (I have not seen anything). Or does it only accrue after 6 months/1year?

I know the website is legit, but the fact it seems like it was developed in the 1990s just worries me. Maxed out with 30k last year and probably adding some to start this year, but wanting to space out a bit for cash flow purposes.

 

[BillyClone]

Have you seen any accrued interest at all being added to your account? I read somewhere was supposed to add monthly (I have not seen anything). Or does it only accrue after 6 months/1year?

I know the website is legit, but the fact it seems like it was developed in the 1990s just worries me. Maxed out with 30k last year and probably adding some to start this year, but wanting to space out a bit for cash flow purposes.

Interest is accrued every 6 months. This is from TreasuryDirect website:

 

[Daserop]

All you have to do is copy what out congress and senators do. They have beaten the market for decades. Image below is just from 2021. Got to love insider trading being legal for them.

 

[KnappShack]

All you have to do is copy what out congress and senators do. They have beaten the market for decades. Image below is just from 2021. Got to love insider trading being legal for them.

View attachment 94262

Is there a Congressional ETF? Because it sure looks like there should be if there isn't

 

[BCClone]

All you have to do is copy what out congress and senators do. They have beaten the market for decades. Image below is just from 2021. Got to love insider trading being legal for them.

View attachment 94262

Neither Iowa one I see.

 

[alarson]

All you have to do is copy what out congress and senators do. They have beaten the market for decades. Image below is just from 2021. Got to love insider trading being legal for them.

View attachment 94262

OTOH, only ~10% of congress members are beating the market.

 

[BCClone]

Had GMVD for a bit. Would bull ride it a bit. Lost interest and see I missed to huge bounce I thought was coming.

 

[JustAnotherTimeline]

I think I-Bonds (7.12%!) are a great place to put some cash that you don't need for the next 12 months.

Be aware that you can't cash out during the first 12 months and you will forfeit 3 months of interest if you cash out before 5 years. Also, you are limited to $10k per year per individual.

We're moving money from a "high interest" 12-month CD at 0.85% into I-Bonds. Set up Treasury Direct accounts for both me and my wife and moved half last month (2021) and will be moving the other half this month (2022).

The 7.12% holds only for the first 6 months, but even if it were to drop to zero after that, plus losing 3 months of interest, we're still getting a great short-term annual rate.

Another idea is to use crypto stablecoins to generate returns. For example, Gemini offers 8.05% APY on GUSD stablecoin deposits. You have access to funds at all times with no hold period and it compounds DAILY. If you are not familiar with crypto, this is a great way to dip your toe in.

 

[BCClone]

Another idea is to use crypto stablecoins to generate returns. For example, Gemini offers 8.05% APY on GUSD stablecoin deposits. You have access to funds at all times with no hold period and it compounds DAILY. If you are not familiar with crypto, this is a great way to dip your toe in.

Where can you do this? I need to start crypto but since I’m not as familiar I seem to hesitate

 

[JustAnotherTimeline]

Where can you do this? I need to start crypto but since I’m not as familiar I seem to hesitate

Gemini Earn Updates - Transparency Builds Trust | Gemini

This page aims to bring as much transparency as possible to the process of finding a resolution for all Earn users to redeem their funds. We will update this page on Tuesday and Friday of each week until a resolution has been reached.

www.gemini.com

 

[JustAnotherTimeline]

Gemini Earn Updates - Transparency Builds Trust | Gemini

This page aims to bring as much transparency as possible to the process of finding a resolution for all Earn users to redeem their funds. We will update this page on Tuesday and Friday of each week until a resolution has been reached.

www.gemini.com

A few details from their website that may help get you over the hump...

Stable and Fully-Backed
GUSD is a 1:1 USD-backed stablecoin issued by Gemini. Gemini customers can redeem a GUSD for $1 at Gemini.
Regulated and Insured
Gemini is a U.S. company regulated as a limited purpose trust company by the New York State Department of Financial Services.

Each GUSD corresponds to a U.S. dollar held by Gemini in accounts at U.S. FDIC-insured bank accounts and money market funds holding short-term U.S. treasury bonds and maintained at a custodian. The cash portion of these GUSD reserves may be eligible for FDIC “pass through” insurance for Gemini customers, in the event of the failure of a bank holding the U.S. dollar deposit portion of the GUSD reserves.

What is Gemini Dollar (GUSD)? A Secure Stablecoin | Gemini

Learn more about Gemini Dollar (GUSD), our USD backed stable coin, and its advantages here. GUSD combines the creditworthiness and stability of the U.S. dollar.

www.gemini.com

 

[Gunnerclone]

Neither Iowa one I see.

It’s good to own land.

 

[BCClone]

It’s good to own land.

Ain’t making more I heard.

 

[JustAnotherTimeline]

It’s good to own land.

I stumbled onto this yesterday and it gave me a chuckle.

In what seems mostly likely to be a scam here is a great opportunity to own a portion of Little Cay Island in the Bahamas. Better pull together some funds. It's your chance to live Fyre Festival, lol!

Crypto Island - Joining hands to change the world! Be Free. Be You.

Crypto Island is the world's 1st community owned private island. A project from the community for the community. Be free. Be you. Be welcome

dao.cryptoisland.com

 

[CascadeClone]

Is there a Congressional ETF? Because it sure looks like there should be if there isn't

You are a marketing genius sir.