[financeboyz] May 1st Action
- From: "Radhesh Mohandas" <financerod@xxxxxxxxx>
- To: financeboyz@xxxxxxxxxxxxx
- Date: Sun, 28 Apr 2002 10:17:18 -0700
Hi NS,
I read through the link that you had provided. Thanks.
If I understand bonds right, once you purchase the bonds, you can not sell
them. You can redeem them losing 3 months interest and paying taxes on the
remaining gains. The older 6-7% bonds are useful only
to the people who bought it at that time.
If I plan to encash my bonds after 5yrs and if my tax bracket is the same or
higher, then I may be better off in investing in a Fixed Deposit for five years
which gives me a 5% APR assuming the I-bonds remain at 4.4%, the current value.
May 1st the bonds are going to have newer Interest rates - mostly lower. So is
there something that we can
do with this piece of information?
Cheers,
Radhesh
See Dave Matthews Band live or win a signed guitar
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