MyRa

[BigNBushy]

He probably has $x auto-withdrawn from his checking each month.

 

[Nutes and Nugs]

It really sucked seeing the Savings Bonds my parents and grandparents bought me turn to shit in the Clinton days.

LOL, No risk bonds.
More of Obama's economic fantasies.

 

[beenthere]

Obama says his idea to sell treasuries to people will mean they will be able to retire comfortably and there will be no risk.

No risk ? LOL LOL LOL


"Today, most workers don’t have a pension. A Social Security check often isn’t enough on its own. And while the stock market has doubled over the last five years, that doesn’t help folks who don’t have 401ks. That’s why, tomorrow, I will direct the Treasury to create a new way for working Americans to start their own retirement savings: MyRA. It’s a new savings bond that encourages folks to build a nest egg. MyRA guarantees a decent return with no risk of losing what you put in." - Barack Obama


There is no such thing as an investment that gives a return and has no risk. FUCK! don't people know that the return is the reward for accepting the risk?

I watched the SOU and the dipshit couldn't even pronounce MYRA, he fumbled over it three times.

 

[Nutes and Nugs]

I watched the SOU and the dipshit couldn't even pronounce MYRA, he fumbled over it three times.

That was a new word on the teleprompter and old mush mouth couldn't pronounce.

 

[beenthere]

That was a new word on the teleprompter and old mush mouth couldn't pronounce it.

But it's risk free, whatever it is.

 

[UncleBuck]

scrotum popsicles for greater american values and independence with liberty founding principles because free market liberty economy.

 

[ChesusRice]

Also Cheezy, risk does not mean just defaulting. If you buy a US Treasury that pays 1% interest for the next 30 years and then all of a sudden the USA is plagued by relentless inflation at a rate of 10% per year for the next 30 years. Even though the USA doesn't default, your 30 year bond will essentially be worthless. That is an extreme example, but hopefully you can get the gist.

Do you actively participate in your 401K or are you subject to the whims of whatever your 'Financial Adviser' suggests? Do you even have a 401K?

You have muddied the waters, tap danced around the question and moved the goal posts.
The question.
Has the USA ever defaulted on it's debt?
And
Are savings bonds risk free investments?

You know the answers.
Yes I have a 401k I can control my own investments. I can even put my cash in a money market fund that would lose money if inflation was more than the pithy interest it pays. But then again just like savings bonds Money market funds are almost entirely RISK free

 

[Wavels]

There is not now, and never has been a totally "risk-free" investment.
Market risk exists with ALL investment vehicles.
Even T-Bills have market risk.
There are different types of money market funds: some use short term commercial paper and corporate obligations, others use only US agencies or Treasuries.

 

[ChesusRice]

There is not now, and never has been a totally "risk-free" investment.
Market risk exists with ALL investment vehicles.
Even T-Bills have market risk.
There are different types of money market funds: some use short term commercial paper and corporate obligations, others use only US agencies or Treasuries.

Risk free and pay accordingly. Meaning shit.
But the answer is we have never defaulted on our debt

 

[Wavels]

On the surface this seems like a good idea, but of course, the devil is always in the details.
It appears that this new type of US savings bond will only be available in conjunction with a Roth IRA.
Encouraging individuals to save however, is always a good thing, IMO

 

[canndo]

You're seriously asking if the dumb shits that voted blowbama into office twice know about anything and wouldn't just lap up whatever cum blowbama skeets at them?

Seriously?

No, for reals.............seriously?






*said one of rollitup's most hardcore blowbama apologists*

I am curious, who SHould we dumbshits have voted into office? Seriously?

 

[canndo]

On the surface this seems like a good idea, but of course, the devil is always in the details.
It appears that this new type of US savings bond will only be available in conjunction with a Roth IRA.
Encouraging individuals to save however, is always a good thing, IMO

For whom? certainly not the credit card companies, or the big screen companies, or the car companies, or the fast food companies, or the mattress companies.......

 

[Wavels]

For whom? certainly not the credit card companies, or the big screen companies, or the car companies, or the fast food companies, or the mattress companies.......

LOL...for the individuals and the custodians of the Roth IRAs.
I am very glad that I began saving when young.

 

[BigNBushy]

For whom? certainly not the credit card companies, or the big screen companies, or the car companies, or the fast food companies, or the mattress companies.......

While personal savings might not be a good thing for businesses, it's a good thing for the persons.

 

[Harrekin]

Gary Johnson. (Edit: Was in response to Cannados question about who you should've elected)

But realistically, why give the Govt your money to use until retirement for an effective negative rate of interest?

You do it already, it's called taxation...so why voluntarily give them more at a loss to yourself?

 

[NoDrama]

scrotum popsicles for greater american values and independence with liberty founding principles because free market liberty economy.

Are you Ron?

 

[ChesusRice]

A family friend bought our daughter some savings bonds in 2001. They have gained 9 bucks in interest

 

[NoDrama]

You have muddied the waters, tap danced around the question and moved the goal posts.
The question.
Has the USA ever defaulted on it's debt?
And
Are savings bonds risk free investments?

You know the answers.
Yes I have a 401k I can control my own investments. I can even put my cash in a money market fund that would lose money if inflation was more than the pithy interest it pays. But then again just like savings bonds Money market funds are almost entirely RISK free

I have already answered your questions, unfortunately you are too intellectually weak to answer even a single one of mine. Not only do you not understand money, you have zero clue about finance. I mean none at all. You put your money where your mouth is and convert all your assets into "risk free" savings bonds called MyRA, like a savings bond touted to be risk free wasn't already available to you for the last 100+ years.

For the government to come up with a all new type of investment that promises to do what they promised regular savings bonds and treasuries would do , seems a bit fishy, why come up with something new when you already have the exact same thing? That seems inefficient, unless of course buried in the fine print is the clause that in the event of near default the the money will be Cyprus'd. I know you have no clue what that means, so I won't try to explain it and confuse you even more.

Why not just buy TiPS?

Savers get raped in a world of inflation.

 

[NoDrama]

A family friend bought our daughter some savings bonds in 2001. They have gained 9 bucks in interest

On what face value? Earning $9 in interest is nothing if its a face value of $10,000.

 

[canndo]

LOL...for the individuals and the custodians of the Roth IRAs.
I am very glad that I began saving when young.

I am very glad I began saving at all, but I am also fortunate to have been able to. Had I not had the divorce I had, I would be fully retired by now, with two paid off houses, two paid off vehicles of relatively high value and some nice dependable investments. Save, yes, but if you are married, put a some in cash in a shoebox. You never ever ever know. I do think it is counter productive for common folks to have their interest earnings taxed. It was short sighted all around.