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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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54232412

Anonymous Mon Mar 20 22:41:17 2023 No.54232412 [Reply] [Original]

Is it ok to buy 4 week t-bills? I just bought some for my dad but I'm spooked

>>	Anonymous Mon Mar 20 22:42:56 2023 No.54232440 Yeah that's a safe investment fren

>>	Anonymous Mon Mar 20 22:49:29 2023 No.54232566 >>54232412 Buddy if 4 week tbills don't get paid out we have bigger problems than a few grand lost

>>	Anonymous Mon Mar 20 23:14:55 2023 No.54232997 File: 36 KB, 220x164, 1658027714393.gif [View same] [iqdb] [saucenao] [google] >>54232440 >>54232566 thanks anons

>>	Anonymous Mon Mar 20 23:27:48 2023 No.54233221 >>54232412 im thinking of doing this on payday thursday. can you tell me how much you paid and how much you will get back? thanks anon.

>>	Anonymous Mon Mar 20 23:31:51 2023 No.54233290 >>54233221 i bought 180k worth for 4/18 maturity. i paid 179,425. i did this for my dad. so he will make 575

>>	Anonymous Mon Mar 20 23:37:27 2023 No.54233382 >>54233290 thanks anon. i dont have that much to put in, maybe 2.5k tops, but its safe. also I wonder how much the interest is taxed federally.

>>	Anonymous Mon Mar 20 23:40:27 2023 No.54233422 1) pretty much impossible to avoid taxes 2) will be automatically garnished (lien-ed) if you have a judgment for outstanding debt such as back-owed student debt and the coupon rates are trash

>>	Anonymous Tue Mar 21 00:08:27 2023 No.54233819 >>54233382 not sure 2.5k would be worth it for t-bills imo. for a 4 week t-nill you will make roughly 8 dollars >>54233422 yea well this is money that just sits in my dads account so im just trying to make him a little extra money every month.

>>	Anonymous Tue Mar 21 00:10:31 2023 No.54233847 >>54232412 Yeah, the money is a lot safer as a t-bill than it is sitting in a bank anyway. The returns aren't good, but shortish-term bills are the best place to have liquid money.

>>	Anonymous Tue Mar 21 00:11:45 2023 No.54233864 >>54233847 thanks, i figured it was the right move instead of sitting in the bank

>>	Anonymous Tue Mar 21 00:13:30 2023 No.54233884 >>54232412 The 3-month and 4-month have had the best returns fren. I’ve been doing it until opportunistic purchases arise or the 5% return goes away

>>	Anonymous Tue Mar 21 00:14:45 2023 No.54233899 >>54232412 Nothing wrong with that. Can't go wrong with T bills despite what schizos in other threads will tell you.

>>	Anonymous Tue Mar 21 00:14:55 2023 No.54233903 >>54233884 i do agree with the longer t-bills but i just dont like money sitting locked for that long. i know i can sell before they mature but im just anxious i guess

>>	Anonymous Tue Mar 21 00:15:55 2023 No.54233910 >>54233899 thx

>>	Anonymous Tue Mar 21 00:22:02 2023 No.54233990 >>54233903 I think they’re kinda a pain in the ass to sell, and the spread is minimal anyway so go with ur gut fren

>>	Anonymous Tue Mar 21 00:32:15 2023 No.54234119 Very safe investment. But desu t bills are for you emergency money / savings imo not for large investments unless you're t billing with hundreds of thousands