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.