I accidentally loaned all my money to the US government
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I accidentally loaned all my money to the US government
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Re: I accidentally loaned all my money to the US government
#2“if you buy before May this year, you get a guaranteed ~8.5% return over the next 12 months”
I don’t think this is correct. They’re going to re-calculate the interest rate 6 months from May and it could be less than ~8.5%. So you’re really just guaranteed ~4.25% for half the year.
Re: I accidentally loaned all my money to the US government
#3Not sure how it works in the US, but in my country the inflation-indexed bonds are still subject to the capital gains tax, so they offer a true hedge only up to a certain level.
Obviously still better than regular bonds in this regard.
Re: I accidentally loaned all my money to the US government
#4Great story :)
I'm guessing it will have a happy ending because there's a thinking human on the other side. This is government, not a private megacorp.
Re: I accidentally loaned all my money to the US government
#5Great story :) I'm guessing it will have a happy ending because there's a thinking human on the other side. This is government, not a private megacorp.
I honestly can't tell if this is satire.
Re: I accidentally loaned all my money to the US government
#6I 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?
Re: I accidentally loaned all my money to the US government
#78-10 _weeks_ for a refund?!
Jesus Christ.
I know that US banking system is something else but this is preposterous.
Re: I accidentally loaned all my money to the US government
#8Not sure how it works in the US, but in my country the inflation-indexed bonds are still subject to the capital gains tax, so they offer a true hedge only up to a certain level. Obviously still better than regular bonds in this regard.
Worse, subject to income tax.
Re: I accidentally loaned all my money to the US government
#9Er, what? Surely he's got the wrong end of the stick and they'll be refunding the excess $25 of his second purchase, (and now the entire $9975 of his superfluous third).
Re: I accidentally loaned all my money to the US government
#10Great story :) I'm guessing it will have a happy ending because there's a thinking human on the other side. This is government, not a private megacorp.
I honestly can't tell if this is satire.
Yeah, it must be satire, or maybe someone straight out of uni and still waiting for the reality check.