Till this date i have never bought any bonds and have kept my trades to stocks and crypto.
Other day at work, i heard about treasury I-bonds yielding 9.62% interest rate and that sounds great right now especially when everything is tanking.
So i decided to buy some treasury I-bonds
Few days later the demand was so great, it crashed the treasury direct website.
Demand for Series I bonds crashes TreasuryDirect site ahead of key deadline as investors try to secure 9.62% rate
A record 9.62% rate on the Treasury bonds expires after Oct. 28. High volume has made the I bond website "one of the most visited" in the federal government.
I think it is a really good idea to buy some treasury bonds right now.
Here is the catch
- These are relatively long term investments. If you don’t hold on to your bonds for at least an year, you wont earn any interest
- If you sell your bond less than 5 years, you will lose last 3 months of interest.
I’m OK with both these conditions and decided to buy them.
Here is a link which explains how to buy