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WhydIGetLocked OP t1_iuk32lr wrote

Reply to comment by Grevious47 in Are I-bonds still worth it? by WhydIGetLocked

Pretty young and have some money in the bank that’s just sitting there. It’s not enough to max out the ibond cap but still a decent amount that I feel should be in something earning me money.

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Grevious47 t1_iuk3odw wrote

but what is the money for? Are you planning on buying something with it on a year? Is this meant to be a longterm investment? Why ibonds?

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WhydIGetLocked OP t1_iuk4qs1 wrote

I think long term investment would be my answer, don’t have any (at least any planned) big purchases in the near future

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Grevious47 t1_iuk5yp9 wrote

Oh okay. You dont really want to do ibonds for longterm investing they arent particularly good for it. They match inflation, they will never grow beyond inflation. They are designed to maintain value, not increase value. They are fir sabings for basically a purchase, not investment.

If you insist then to answer your question doesnt really matter because longterm what happens over 6 months is not particularly significant.

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WhydIGetLocked OP t1_iuk6505 wrote

Okok, may be asking too much here but do you have any recommendations on what I should do with the money instead to help it grow long term?

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Grevious47 t1_iuk6dk0 wrote

Longterm investment? Stock market, broad based index funds covering multiple industries/sectors.

ibonds are for like if you want to buy a car in 2 years and you want your money to maintain its value with zero risk of loss. Hence the name..Savings bonds.

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