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/biz/ - Business & Finance

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File: 553 KB, 1244x542, $50_Series_I_US_Savings_Bond.gif [View same] [iqdb] [saucenao] [google]
22299522 No.22299522 [Reply] [Original]

When I was born my uncle bought me a $50 30 year saving bond. I am now a 30 yo boomer. I dug up the bond and looked up how rich I am now. Its worth $102. That's a $52 profit. After 30 fucking years. Why the fuck would anyone buy these things? Maybe if you buy some then put your body on ice for 2000 years you'll make a few?

>> No.22299539

That seems like shit to start with. I'm not sure I want to know what it works out to with inflation.

>> No.22299548

you probably made more money like that than half this board anyways

>> No.22299549

Because 30 years ago crypto didn't exist so he couldn't get you a few bitcoins

>> No.22299566

>>22299522
Because, as we have just learned recently, all of that shit was/is a scam

>> No.22299585

>>22299522
My parents started a custodial stock account when I was born. They put about $5,000 in to a very safe mutual fund. 35 years later they realized they never gave me the money. I was very excited because of course the market has done incredible things over the last 35 years. $11,000. I couldn’t complain, but holy shit if they just put it in an index fund even it would have been so much more.

I wonder if the 300 linkies my daughter has I bought her for like $1,000 will one day be worth just $2,000 in 30 years. Or less. And I’ll be as dumb as my parents and your uncle and never did anything about it.

>> No.22299601

>>22299539

hmm, according to an inflation calculator, $50 then is equivalent to $104 today. So It actually lost $2 after 30 years. WOW

>> No.22299619

>>22299601
Jesus Christ. I'm sorry I asked.

>> No.22299622

>>22299522
These are not for people to hold, they are for institutions, because there is so much debt for so little actual monetary base that they're forced into buying.

>> No.22299627
File: 30 KB, 564x622, Capture.png [View same] [iqdb] [saucenao] [google]
22299627

gainz

>> No.22299714
File: 121 KB, 828x811, comejoinus.jpg [View same] [iqdb] [saucenao] [google]
22299714

>>22299585
30 years from now she's gonna stick you in a filthy nigger ridden ass stench nursing home for buying something named after a cartoon videogame (or a fence, take your pick) made by a russian philosopher who ate Big Macs while wearing plaid everyfuckingwhere

>> No.22299826

>>22299522
Now you realize all those bonds the fed prints is basically worthless. Money IS monopoly money.

>> No.22299846
File: 32 KB, 360x417, e0e7d1a3096408f04de46cd9dfbb73201ee60da3a3f11c044e029a7bf2900c52.jpg [View same] [iqdb] [saucenao] [google]
22299846

>>22299522
These bonds are more or less a way to keep assets owned by the rich from getting raped by inflation

if you look at the dollar in the same time period of 30 years it lost 2% and in the millions that's a lot of money

>> No.22300342

>>22299585
So this implies the mutual fund did significantly worse than following the index? What fund is it so I can avoid it?

>> No.22300514

>>22299548
>my sides

>> No.22300637
File: 593 KB, 871x470, {The Bessembinder Study}.png [View same] [iqdb] [saucenao] [google]
22300637

96% of stocks over a 75yr timeframe returns the same as a rolling 1month treasury bill.

>> No.22301188

>>22300637
How do you do a rolling 1 month treasury bill strategy?