Quick question for HN people: Is there a instrument like a I bond that doesnt have a 10k limit?
Nothing exactly like it but TIPS are Treasury Inflation Protected Securities. Probably best to buy them in a fund due to their complexities. Vanguard and Fidelity both have funds for them.
I accidentally loaned all my money to the US government
341–350 of 512 posts
Re: I accidentally loaned all my money to the US government
#342 "They're zero-risk bonds..."Re: I accidentally loaned all my money to the US government
#343The 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.
I feel like a lot of people just can't stand having money standing there doing nothing as an insurance policy when they could be making money or buying something with it.
Re: I accidentally loaned all my money to the US government
#344Earlier quoted context omitted.
It's vast and unpredictable. Example: Two weeks ago I re-entered US as a citizen. Several people ahead of me smoothly went through the border control line. I was 'randomly' chosen for inspection by border patrol, an agent fabricated a story that a dog alerted, and I was forcibly strip searched where yet another agent fabricated he saw a 'plastic baggy' coming out of my ass. This 'evidence' was used to cuff and shackl…
If there are government agents out there that do that sort of thing as a matter of course, they should be prosecuted without mercy and imprisoned for decades as the criminals they are, if not lined up and shot at dawn.
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'31. Even though prior searches resulted in no evidence of internal drug smuggling, the CBP Agents and Dr. Martinez continued the intrusion on ***’s body without her knowing, willful consent and without a warrant. Case 4:16-cv-00334-CKJ Document 1 Filed 06/08/16 Page 7 of 17
- 8 - 32. In fact, Dr. Martinez, a male physician, entered ***’s room and, after asking a few cursory questions, brutally invaded her body on a warrantless and unjustified search for contraband. 33. Dr. Martinez forcefully and digitally probed ***’s vagina and anus. 34. *** had never before been to a gynecologist and, for the remainder of her life, will always remember that her first pelvic and rectal exams were under the most inhumane circumstances imaginable to a U.S. citizen at a hospital on U.S. soil. 35. *** was shocked and humiliated by these exceedingly intrusive searches. That an audience of CBP Agents and Holy Cross staff observed her being probed compounded her feeling of degradation. 36. No drugs were found inside ***, who was then discharged from Holy Cross and transported, by CBP, back to the Port of Entry. 37. *** was released from custody without any charges at approximately 8:00 p.m., only after enduring roughly seven hours of dehumanizing, invasive and degrading searches. 38. Throughout the unreasonable searches of ***’s body cavities, she continually denied smuggling drugs internally and continually refused consent for each search. 39. At no point during the searches of *** did the CBP Agents obtain a warrant authorizing a search of her body
The searches conducted by the CBP Agents, Holy Cross and Dr. Martinez injured *** physically, mentally and emotionally. Her labia, vaginal opening, and anus were left raw and sore and she felt violated, demeaned and powerless as a result of the searches
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This has been going on for YEARS. That case was filed in 2016. I don't link the actual report here, which I have downloaded from PACER, but it names the patient specifically so I cannot include it here without doxxing. Using the case number you can find it in PACER yourself.
While I was at the hospital, one of the agents (CBPO 'Peterson' from Nogales Port of Entry) even joked to me he had recently done this to a trans man with a surgically placed penis. They accused the penis of being a drug smuggling apparatus and did this presumably to fuck with them for being trans. A SCBPO 'Sherry' from Nogales Port of Entry, the person in charge of taking me to the hospital, bragged to me about being paid $110/hr while working overtime taking people to the hospital on these searches, mentioning other innocent people who he had subjected and 'lamenting' the 'last guy' was detained for 3 whole days. His counterpart 'Peterson' bragged of buying a ~100k truck with the pay.
Re: I accidentally loaned all my money to the US government
#345> so the math works out such that if you buy before May this year, you get a guaranteed ~8.5% return over the next 12 months, but if you miss this month you might get screwed. Can anybody elaborate on this? If I buy on Monday what’s the rate?
Re: I accidentally loaned all my money to the US government
#346Earlier quoted context omitted.
You missed the window to lock in the older interest rate (7.12% APY) for six months, but it is widely expected that the May rate change will increase the rate even higher. You can still purchase I-Bonds, with the understanding that the May rate will be adjusted again in 6 months (it could go down if inflation goes down) and you won't be able to pull your funds for a minimum of one year. It's a great option for inflat…
Is this open to non-US citizens? Arguably an i-bond would out preform anything in my portfolio based on the last six months.
Re: I accidentally loaned all my money to the US government
#347I've been in the US for 4 years and it seems like the government is just like a computer that you cannot talk to or get issues fixed somehow. It's like, if something goes wrong you're fucked. If USPS loses your documents or even your car's title, or your immigration approval notice, you're fucked, you might need to wait 2 months, or 6, or 8, and nobody cares, nobody will help you. There's no one that can help you. At…
Re: I accidentally loaned all my money to the US government
#348The 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.
I have a colleague who just can't justify to themselves having an emergency fund while they still have debt to pay... yet buy a brand new 40k car and think about replacing it after 2 years even though they have nothing against it. I feel like a lot of people just can't stand having money standing there doing nothing as an insurance policy when they could be making money or buying something with it.
Depending on the interest rates, and assuming they can keep the line of credit if they lose their job, this might make sense since it's a choice between reducing debt now vs potentially increasing debt later.
The second part is just silly, but it's probably the attitude they got them in debt in the first place.
Re: I accidentally loaned all my money to the US government
#349Earlier quoted context omitted.
> Except it'll cost like $200 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.
Question is do you need personalized financial advice? Or would covering the basics be enough? And here I'm talking about average people with somewhat middle or upper-middle class income.
Re: I accidentally loaned all my money to the US government
#350Earlier quoted context omitted.
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.
This happens whenever something bad happens to someone else, be it a car accident or a major illness or being the victim of a crime. People want to think it wouldn’t happen to them, so they go through all the reasons they would have been able to avoid the situation so that they don’t have to fear it happening to them. People really don’t want to admit to themselves that there are a lot of things outside our control t…
They are so burdened with looking out for themselves they only see caring about anyone else as just another burden that they shouldn't have to bear, instead of seeing it as an avenue of shared and thus relieved burden.
So, any excuse to make it so they don't have to care about any other misfortune than their own.