That was over 12 years ago
What does everyone think of the 9.62% I Bond. If you have an extra $10K laying around, it seems like a no brainer.
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Many have gotten it already. Some for each member of the family (separate accounts)
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Just read up on the specifics (min 1 year, rate adjusts, selling early forfeits a quarter of interest). With current rate and inflation, I bought last year and this year. Would I do it every single year, forever? Probably not.
If you have a trust, the trust can also have its own account and buy.
And you can buy an additional $5k worth with your tax refund.
Treasury Direct is PenFed bad but gets the job done. Donât make a mistake like linking your savings account instead of checking (like this dummy), everything off the happy path is a paper form and an obscure stamp you need in person from a bank (not a notary).
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Also did one last year and one this year in addition to a similar rookie move. Linked an account at setup that I then closed before realizing Treasury Direct wouldnât let you âaddâ an account.
Did get the form notarized at a Wells Fargo and the rep wrote on the form that they do not have a âmedallionâ. I also included a note to that effect. Mailed form in and a couple of weeks later the new account was added.
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Reminds me of the joke, what do you call a stock down 90%?
A stock that was down 80% and then got cut in half.
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Thatâs weird. I have mine linked with my Amex online savings account no problems. Did you maybe select âcheckingâ for the type of account but enter your savings account numbers? I believe that will bugger things up.
No the account numbers were all correct. My purchase went through initially from Treasury Direct but my bank stopped it. I see it as a funds transfer from A to B (which is allowed from savings), they interpreted as transacting in a non-transaction account â as if I was paying a bill thru an auto pay or buying something â and bounced it.
Thatâs it, their Treasury Medallion stamp: the box was 75 years old, the stamp looked like it was used 8 times. Mostly for redeeming Treasury instruments.
TWTR down 10% because of the sudden realization that there are a large number of bots there (shocker), and meanwhile TSLA up 6% because hey, he may not need to sell his shares to raise capital anymore.
IMO there needs to be a way to fine these guys proportional to their net worth (or something with better teeth) else thereâs never going to be consequences for manipulating the markets to infinity and beyond. 
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Thanks. I did read the fine print. 10/4 on linking it to an active checking account, not a savings account.
back up the BRINKS Truck into FET todayâŚthank me in 12 months.
Yet another shitcoin $UST and $LUNA has been added to long list of failed attempts. I hope everyone that lost money realize what happened. Over leveraged, unregistered, securities got rekt. The worst part is reports are saying these algorithmic stablecoins selected a few a backroom exit deal before they dumped on all retail investors. I wouldnât be surprised if these selected few individuals added leveraged short on their way out of the door. And if you think this will not happen in the current fiat system, then people in for a rude awakening.
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Has anyone dabbled in inverse REIT ETFs? If you think that there is a crash coming in the markets/real estate, these ETFs would take off as a hedge against such a tank job. Iâm thinking of plunking some money into these ETFs because I definitely think there is gonna be a correction coming.
$SRS is one such ticker of an inverse REIT.
Pretty illiquid
In my trading account I am long puts on MRK/TLT. Grabbed some Apple/GOOGL short term calls around $380 on SPY. Made great money on TSLA puts, and also was in HSY/KO puts that made out great when Walmart and Target collapsed. Healthcare/Pharma is next.
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Merck looks good on paper. Could you expound upon your puts for investing novices like myself? Also could you elaborate on your pharma puts in general? The other short plays make sense. Call me a fanboi Vinny, but I would like to see where your head is at, as you seem to be way ahead of the curve with everything.
Pharma is crowded because everyone sees it has safe. Same thing happened with Consumer Staples. Thatâs why when target and Walmart tanked all of staples got sold off. Pharma and Healthcare will sell off if the market keeps tanking in sympathy. Or we rally and people rotate out of it into tech/growth. Would you rather own MRK at ATH and 17 PE. Or FB down 50% from ATH and a 15 PE?
Merck will be sub $75 by the end of summer. Great put from here. Iâve been shorting anything and everything at its 52 week high the last month and doing very well. Thereâs not much âeasy moneyâ left. But I still see a lot of downside in most sectors. Exceptions being commodities.