Prudent Bear Fund (BEARX): contrarian investing Message Board

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Pastimes : Prudent Bear Fund (BEARX): contrarian investing

BEARX 4.050

-0.5%

Nov 3 4:00 PM EST

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To: Joan Osland Graffius who wrote (758)	9/8/2003 9:44:37 PM
From: James F. Hopkins	Read Replies (1) of 793

Joan; Gov I-bonds are my pick for extra cash at this time. publicdebt.treas.gov ---- Rates are now 4.66%.. publicdebt.treas.gov ---- I picture them sort of like a 5yr CD ..but you can cash after 1 yr..( you just lose the last 3 mo interest ).. The base rate will drop come NOV 1..to reflect the last Fed rate cut.. --- I expect inflation to kick in and they adjust for that. But even now they are yielding better than the 10yr Tsy. ---- You can only buy 30K in a year. I'll max out this year "before" they drop the base rate; NOV. 1st --- I buy them direct on line using my credit card.. If I buy late in the month I get the whole month on the I-Bond interest ( 3 working days before the end of the month and you get the whole month) Also my bill for them on my card rolls at the 24th so that lets me use their money interest free for almost a month if I buy after the 25th. --- I have mine staggered so if rates do get back up I can start to roll into something else. Losing the last 3 mo interest don't bother me much as I've gained almost 2 mo the way I buy them. Jim

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