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Thread: Need Feedback on Savings Bonds...

  1. #1

    Question Need Feedback on Savings Bonds...

    Ok, I have twelve Series EE $50 Savings Bonds that were bought for me a while ago. (as far back as 1995 and as recent as 2002)

    I went to treasurydirect.gov and calculated to total value of the bonds.
    It came out to $454.68, which is a $154.68 increase from the initial $300 spent on buying them.

    My question is, what should I do with these?
    I had been contemplating whether or not I should just cash all/some of them in now.

    Should I just cash them in whenever I need some extra money, like for emergency purposes?

    If I cash all of them in, my plan was to add $350 to my savings pile and then add the other $100 to the other pile of money I have set aside which I use to buy silver with on a weekly basis.

    Or is it actually worth waiting another 16-20 years for the full interest on the bonds to accumulate?
    Last edited by RileyE104; 10-11-2009 at 06:10 PM.



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  3. #2
    I can't believe no one answered this!

    Personally, if it were me I would cash out and buy silver.... but that's just me.



    Anyone else care to chime in?

  4. #3
    Even though you are getting an interest rate for them. They are losing there value at a faster rate. So take them out and do something with them. Wait for silver to dip a bit and get 30 ounces of it or get another 50 bucks and open a scottrade account and invest in natural gas and oil companies that pay dividends. Transcanada in canada or Linn Energy in the US are some good ones that come to mind.
    "They that can give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety."
    -Benjamin Franklin

  5. #4
    Quote Originally Posted by Mike4Freedom View Post
    Even though you are getting an interest rate for them. They are losing there value at a faster rate. So take them out and do something with them. Wait for silver to dip a bit and get 30 ounces of it or get another 50 bucks and open a scottrade account and invest in natural gas and oil companies that pay dividends. Transcanada in canada or Linn Energy in the US are some good ones that come to mind.
    EVEP, VNR, PWE, all pay dividends over 10%. Plus as the dollar falls, oil and gas should go up making the units/shares worth more.

  6. #5
    Quote Originally Posted by stag15 View Post
    EVEP, VNR, PWE, all pay dividends over 10%. Plus as the dollar falls, oil and gas should go up making the units/shares worth more.
    Oil will go up. Gas, not as much, as it is hard to export.

  7. #6
    Quote Originally Posted by RileyE104 View Post
    Ok, I have twelve Series EE $50 Savings Bonds that were bought for me a while ago. (as far back as 1995 and as recent as 2002)

    I went to treasurydirect.gov and calculated to total value of the bonds.
    It came out to $454.68, which is a $154.68 increase from the initial $300 spent on buying them.
    Hold on a sec. Wouldn't it cost $600 to buy twelve-$50 savings bonds?

  8. #7
    Quote Originally Posted by tmosley View Post
    Oil will go up. Gas, not as much, as it is hard to export.
    Long term they are going to start using natural gas for cars. Also a lot of companies are still building pipelines for natural gas.
    "They that can give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety."
    -Benjamin Franklin

  9. #8
    Quote Originally Posted by youngbuck View Post
    Hold on a sec. Wouldn't it cost $600 to buy twelve-$50 savings bonds?
    No $50 is the price at maturity.
    * Enforce Border Security – America should be guarding her own borders and enforcing her own laws instead of policing the world and implementing UN mandates.

    * No Amnesty - The Obama Administration’s endorsement of so-called “Comprehensive Immigration Reform,” granting amnesty to millions of illegal immigrants, will only encourage more law-breaking.

    * Abolish the Welfare State – Taxpayers cannot continue to pay the high costs to sustain this powerful incentive for illegal immigration. As Milton Friedman famously said, you can’t have open borders and a welfare state.

    * End Birthright Citizenship – As long as illegal immigrants know their children born here will be granted U.S. citizenship, we’ll never be able to control our immigration problem.




    Reprinted from http://www.ronpaul2012.com/the-issues/immigration/ [Nov. 29, 2011]



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  11. #9
    Quote Originally Posted by KCIndy View Post
    I can't believe no one answered this!

    Personally, if it were me I would cash out and buy silver.... but that's just me.



    Anyone else care to chime in?
    Our children had a bunch of them. That's exactly what we did awhile back and have requested that grandparents who want to buy them more (they get them every birthday and Christmas) to please buy them silver instead.
    “Unless someone like you cares a whole awful lot, nothing is going to get better. It’s not.”
    The Lorax, by Dr. Seuss

  12. #10
    They should rename savings bonds to "looting bonds."

  13. #11
    I agree that silver is better than bonds.

    If i were going to stay in bonds and thought that we were going to have more inflation i would look at TIPS.

  14. #12
    Quote Originally Posted by youngbuck View Post
    Hold on a sec. Wouldn't it cost $600 to buy twelve-$50 savings bonds?
    If its a paper bond, it is bought for half the face value. Supposedly the face value can be redeemed after a certain number of years, but since the bond can be redeemed with full interest from 5-30 years after issue (before 5 years you lose 3 months interest and after 30 years it accrues no more interest) there's really no true maturity date.

    Bonds may also not ever reach face value if the interest is too low. I just looked and a bond from 1997 to now would only earn 1.7%. That's $#@!ing pathetic.

    If you buy bonds online they are sold at face value with the same method of accruing interest.
    Last edited by bill50; 10-18-2009 at 03:20 PM. Reason: Sorry its 30 years for interest

  15. #13

    Convert the bonds into US nickels

    at the bank, get 3-4 100.00 boxes. Nickels are worth a nickel about in metal content.



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