Mulligan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 3, 2009
- Messages
- 9,343
I still have about 9% of investable assets in I-bond accounts. Those are my savings.
The interest they pay is so puny, I may have to draw it all out, take a tax hit, and do the SPY+option call strategy to get 4 to 5% a year. I can't stand this low interest anymore!
I thought my IBonds were my "secret sauce" when inflation kicked up. Last year I gave up on fighting the 1980s battle and cashed them all in for preferred stock. Of course I didn't have those 3% fixed rate ones either.
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