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Bond Guru Tip - July 2008
Savings Bond Owners Score Big... Again
A SavingsBonds.com Bond Guru Tip published July 2008
On the morning of Friday, July 11th, 2008, I watched the TV program "Squawk Box" on MSNBC.
I observed the following graphics at the bottom of the screen:
DOW Jones: DOWN 15.3 % for the year-to-date
The NASDAQ: DOWN 14.9 %
S&P 500: DOWN 14.6 %
If you were fortunate enough to buy - and still own - series "I" savings bonds during the period May 1, 2000 through October 31, 2000, that bond is earning interest for this six month window at the ANNUAL rate of 8.52 %. Depending on which index you compare yourself to, you are ahead of "the market" by almost 24% for the year-to-date.
So, in the never ending eternal race between the tortoise (savings bonds) and the hare (the stock market), the Turtle comes through again. Also, other series "I" bonds issued in the periods before and after May 2000 through October, 2000, are also earning "SPECTACULAR" rates of return.
Jack Quinn - CEO - SavingsBonds.com
2022 Route 71 - Suite 200
Spring Lake Heights, NJ 07742