I heard on a newscast yesterday that so many people were taking money out of stocks and trying to buy T Bills that they are bidding interest to almost nothing just to feel that there money is in safe hands...the report said that some yields were lower even than 1 percent interest.
So in that case for my freinds I want to do another update on "I Bonds"...Now I am not sure what the "I" in US I Bonds stands for...it really does not matter, probably it is interest or investment is my guess...But I have found that these wonderful investment tools are limited to $5000.00 per social security number or in other words per person per calendar year....So thinking that it being near the years end, and so many people seeking safe haven for their money why not put it where it earns excellent interest...Now through April the rate of these bonds is 5.62%...That is a higher rate than any CD offerings that I know of my freinds....
And all you have to do is go to any bank and ask for the I bond application...Simply fill it out and return it to them with your check for up to 5000 bucks and you have made a good investment...The Bond will pay interest if you leave it there and compound each year for 30 years...Or you can cash it in at anytime in the first 5 years and only loose 3 months interest...Now that is not a bad hit at all when you consider the interest rate they are paying in that even if you do cash it within 5 years your net interest earned is most like much higher than if you had that money in a CD....
So my fellow America's this is my Christmas tip to you all...Do your 5000 right now before the end of the year and then do your next years 5000 in January...You will have 10 grand for yourself and 10 grand for your spouse or each of your kids if you want to get creative....invested at a very high rate by todays standards and as safe of an investment as you can make...
Now if your a gambler here is one maybe slightly better than lotto tickets...The RV industry is really on the skids along with a lot of others...But I think there may be a chance that this could change with fuel prices coming down and looking like they will stay down for an indefinate period of time....So my tip is a great RV company that I not only own one of their fine motor homes, but also some of their stock..The stock is currently trading for 12 cents a share...120 dollars buys a thousand shares...a couple years ago it was over 12 dollars a share I believe...
Maybe they will go bankrupt and you will loose like you would with lotto tickets...but maybe just maybe the fuel prices staying about half of what they were causing the RV business to go sour...So maybe folks who are baby boomers and do have some money left to buy a motor home will say, hey fuel is affordable again, let us hit the road momma and drag our Chevrolet along behind....The company is Fleetwood or stock symbol (fle).....don't know the General Motors symbol but if they all drag a chevy that may not be a bad buy either........
All a big gamble yes, but no doubt there are some great buys out there in todays stock market, it's just picking the right ones....no easy task and one that I am sure I will make plenty of mistakes trying to do...but maybe just maybe I will pick a couple that do have a light at the end of the tunnel and that it turns out to not be a frieght train coming....
Semper Fi,
Jack
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