point by point- it’s true that it would be a “set and forget” investment but to a 14 year old $1200 is a lot of money and it will always be there somewhere in the back of his head. My point of living below your means had absolutely nothing to do with your financial situation rather it was an answer to the (hypothetical) challenge that it is important to teach a 14 year old about investing to teach him responsibility, to that I was arguing that the most important and effective lesson you can teach your child is by living below your financial ability. My point of working was that once someone is “working” as apposed to “learning” and is very much exposed to the financial world at large, they certainly should be exposed to investing and taught the ropes of the equity market. As to your last point, of course seeing money “just sitting around “ is certainly hard and perhaps you should invest it without telling your child (and guarantee the principal, of course) I was simply pointing out that in my (not so) humble opinion it is far more valuable to retain the disconnect from the financial world rather than make a potential 5-8% average profit on the $1200
If the government defaults, does that mean we lose our money in treasury bonds?
1 month treasury yielding 6.12%(This is because of the risk of the government defaulting)
these monthly notes give you the amount on the month, or is it assuming you do it each month and is divided by the year?in other words, if I were to theoretically buy and then sell each month a $100 note at about 5%, for 12 months in a row, what would the yearly gain be?
Checked this morning secondary market on Fidelity. Anything maturing by 6/15 had a yield of over 6%
Do new issue bonds also have over 6%? I wasn't able to find - although I've never bought treasury bonds through my brokerage account before.
Fidelity secondary treasury market now short term bills yielding over 6% (obviously all due to debt ceiling impasse).
lets say the US defaults - Why are short term t bills less wanted as opposed to a 6 month bill - because there will be a delay in getting paid? Meaning are you at risk of never getting paid as opposed to a 6 month t bill where you will see the money ?
Looking to put money in a money market account such as SNOXX. Is there any difference what time of month I put my money in? Historically, are there better returns depending on what time of month I put in?
Probably a silly question: When and how does interest get paid on I Series Bonds? I purchased $10k in April and don't see any interest in my account on TreasuryDirect. Am i missing something?
