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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: rolatzi who wrote (2471)	4/24/2002 11:45:14 PM
From: Follies	Read Replies (1) \| Respond to of 306849

I've gotten enough miles for a trip to Europe buying I bonds. Its the best game in town. The only problem is that you can only buy $1000.00 per transaction so its tedious to keep entering the same info over and over but its the closest thing to a free lunch there is.

To: rolatzi who wrote (2471)	4/25/2002 6:49:03 AM
From: Oblomov	Respond to of 306849

savingsbonds.gov Yes, you can get miles as well, since purchases from the Savings Bonds Direct website count as a purchase rather than a cash advance. The I-bond rates are excellent considering that they are risk-free. The currently available I-bonds pay 4.4% right now, but this increases if the CPI increases, but I have some I-bonds that I acquired in 2000 that currently pay 6.4%. There is deflation protection - you can't get a negative rate of return. Best of all, after 6 months you can cash them in at any time, but you forfeit 3 months of interest if you do so in the first 5 years. My understanding is that the interest is not taxable if you use the ultimate proceeds for higher education expenses, but I could be wrong. BTW, the purchase limit per transaction has been raised to $5K.