The Justa and Lars Honors Bob Brinker Investment Club Thread Message Board

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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread

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Dec 4 4:00 PM EST

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To: Sonki who wrote (530)	7/26/2000 9:10:04 AM
From: J. M. Blackburn	of 10065

Sonki: I have an order form in front of me that I picked up at my local (small) bank for I Bonds. The problem with buying them over the Internet, is that you can only buy $500 at a time. Why do you have to pay credit card in advance?? I'm not 100% sure but I believe interest is paid when you cash in the bonds and is taxed as ordinary income. (No long term gains) Interest could vary according to inflation rate. I'm not sure that I am going to buy any. It seems like too much of a hassle for little gain and less liquidity. By stepped up, if you mean cost basis, I doubt it. There is an excellent site which explains "I" Bonds but I can't seem to find it right now. If no one comes up with it, I have it on my computer at work and I will be there Saturday night. Let me know if you need it. Good Luck. Jim

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