171–180 of 512 posts
The venn diagram of internet users that read about super specific financial products, decide to buy them, while not even understanding the need to keep an emergency fund such that a move like this leaves them with under $200 in their account seems to be growing. It seems to be a weird mix of wall street cosplay and financial ineptitude.
> They're zero-risk bonds... To qualify this, there is zero risk that the technical letter of the agreement won't be honoured. Lending money to the US government is very high risk right now. Simple person metrics like debt to GDP indicate they're currently fighting a bigger war than WWII, and the trend-line says they are losing. If you lend the US government enough money to buy a sandwich there is a real risk that at…
I thought this was funny. Weird comments in the thread about how he/she should have known better. Author is not making a complaint to demand internet outrage. There is no inflammatory justice warrior content here. Sheesh! Author admits they screwed up, decided to share the screwup, and who hasnt been trough that exact dunder blunder? Fun short read 8/10.
There is a strange human phenomenon, particularly visible online. Some folk see a title like that and it triggers a "How can I blame the author?" urge within before they even open the link.
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> And often the advice comes out as rather un-opinionated and general, which for most people means it's hard to actually action and put in place I agree with this. It seems that I have to make all the choices myself to shield the company from any responsibility so why should I pay some fee for the advice? No wonders that people get advice from random videos on YouTube or any equivalent source.
I have found there is really good advice out there, it's just in places most people won't look. The first one is books. Go to a book shop, and find a book on personal finances, written by a registered financial advisor in your country, for your country. It'll be long, stuffy, boring as fuck, but you'll likely come away well informed. I think if you're reading HN this would suit. Second one is personal financial advis…
I don't know where you could possibly get high-quality, personalized financial advice (with fiduciary standard) for 200. From my experience it's more likely it's on the order of thousands of dollars.
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While you have a point... it's complicated. Selective defaults are already common for companies, so there could be a chance (to emphasise, a miniscule but still-existing chance) that it'll default on this bond while still guaranteeing the value of its currency.
I mean it’s safe to say if the government is going to default on a 10k loan there are bigger issues.
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So the undetermined inflation rate for November 2022 has to go down to less than 7.12% (annualized) for that (the April case) to be a real "golden" opportunity? How likely is that?
In my personal calculations, I've been comparing the return from I bonds to CDs. Right now, the I bond provides higher interest than CDs have provided since the 80s. However, since the I bond term readjusts in 6 mo intervals, it's possible for CD rates to catch up in the next two years as interest rates rise. So if there is anything 'golden' about the situation, it's the opportunity to (perhaps briefly) receive 80s-e…
Can you imagine the people who bought i bonds in the 2000s when the fixed yield part of the return was 3.6%? Though they obviously had their ups and downs, but right now if they held on they are sitting on a year of 10%+ yields.
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There is a strange human phenomenon, particularly visible online. Some folk see a title like that and it triggers a "How can I blame the author?" urge within before they even open the link.
That’s definitely a thing too often. The “middlebrow rejection” or something like that. But in this case the OP got a message saying they had exceeded the limit and would get a refund. Then they repeated the transaction at the limit for a total of 20k. From reading comments here it sounds like the author both misinterpreted things and also compulsively over deposited to test the governments software. Testing governme…
> Cunningham's Law states "the best way to get the right answer on the internet is not to ask a question; it's to post the wrong answer."
That is "post anything online and someone will point out you are doing it wrong"
I wonder: when they say "A refund of the excess purchase will be made...", does that mean they'll refund the entire $10,000 transaction, or will they keep $9,975 of it (so that you do have a $10K i-bond investment) and only refund the excess $25?