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Bond Guru Tip - June 2008
Savings Bond Growth Beating The Stock Market
A SavingsBonds.com Bond Guru Tip published June 2008
Who would have thought that the often-maligned US Savings Bond would be outperforming the stock market. Well we have the facts and figures to prove it.
According to 'Squawk Box' on MSNBC as of the early morning of June 4th, 2008, the various measures of the stock market were as follows:
S&P 500: down 6.2% this year - down 10% over the past 52 weeks
NASDAQ: down 6.5% this year - down 5.0% over the past 52 weeks
Dow Jones: down 6.5% this year - down 8.8% over the past 52 weeks
Russell 200: down 3.5% this year - past 52 weeks unavailable
Did you know that series 'I' savings bonds issued from September 1998 up through April of 2004 are earning interest rates from 5.98% up to as much as 8.52%? So depending on which stock market measure you choose to compare to, savings bonds are ahead of the market by as much as 14.72%.
Jack Quinn - CEO - SavingsBonds.com
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