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Are you cashing in or thinking about cashing in your Series EE savings bonds and if so, are you doing it/thinking about it because:
1) you really need the money now
2) you think they aren't safe anymore
3) because you think there's a better place to put the money where you'll make more money.
I'm just trying to find out the motivation for doing it now -- you don't have to give me any personal details. If there is anyone here who deals with this as part of their job, what are people telling you when they say they are thinking about or actually cashing in their EE bonds?
This is a weird question. I own savings bonds as part of a well-balanced portfolio. I have no intention of cashing them in. What's really behind this question?
This is a weird question. I own savings bonds as part of a well-balanced portfolio. I have no intention of cashing them in. What's really behind this question?
There's no agenda. I'm just curious. Lot's of people who don't invest have EE savings bonds from payroll deductions. I was just wondering if people are cashing them in now during this recession because they need the money or because they no longer think of them as safe or if they decided there was a better place to put that money.
For all I know, people aren't doing anything differently with them, now.
There's nothing unsafe about Treasury debt. There is the risk of inflation, but even that is not pressing, seeing how the Fed Funds Rate is at 0% and yet inflation is still catatonic because of all the asset crashes. If inflation becomes a serious problem, then interest rates will go up until it isn't anymore.
People say that our national debt has gotten too high. Thing is, it's still relatively smaller than a lot of other major nations. Japan is, by most measures, bankrupt. Its government owes 170% of the country's yearly GDP. Ours? About 60%. And Canada is actually worse off debt-wise than we are!
The safety issue is non-existent to me. If the US Treasury goes down, there will be a lot more critical things to worry about. That said, I bailed on a modest amount of EEs in my portfolio simply because the rates were getting much lower than alternatives.
The safety issue is non-existent to me. If the US Treasury goes down, there will be a lot more critical things to worry about.
Agreed. I still have two that were purchased for me when I was a baby. My intent was always to only cash them if and when I have an emergency and don't have the funds to pay for the emergency.
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