Ok so i just bought a 4k TBILL....

[Ralphie]

And boy did i hesitate when it came to that last mouse click.

Hopefully it matures rather well....we shall see.

Anyone else ever venture this route?

[verothacamaro]

treasury bill?

[npor]

IS SHANiQUA THERE?? HELL NO

[verothacamaro]

IS SHANiQUA THERE?? HELL NO

damn, funny you brought that up....i was saying that earlier today out of nowhere!

[npor]

haha. anyway, back to topic...what's a tbill, and whats the word about it?

[Ralphie]

http://www.treasurydirect.gov/tdhome.htm

Yes TBILL= Treasury Bill.

Treasury bills, or T-bills, are sold in terms ranging from a few days to 26 weeks. Bills are sold at a discount from their face value. For instance, you might pay $990 for a $1,000 bill. When the bill matures, you would be paid $1,000. The difference between the purchase price and face value is interest.

You can buy bills from us in TreasuryDirect and Legacy Treasury Direct through non-competitive bidding.

I bought a 4k Bill for 26 weeks.

Hopefully i gain AT LEAST 1k which is what im hoping for.

But either way its better interest then a reg savings account.

[trcsbrian]

can the value of the t-bill decline like a stock?

[verothacamaro]

can the value of the t-bill decline like a stock?

totally.....it's based on the appreciation, or lack thereof (depreciation) of the dollar.

**just kidding**

You get face value at all times.

[ChIoVnIdCa]

25% in a couple months is a little unrealistic.

[Ralphie]

25% is a couple months is a little unrealistic.

Yea maybe but im not sure what to expect as i have no done this before and they don't have any real figures posted.

It all depends on the auctioning so i guess ill see.

But yea i keep face value for sure.

[NAiL05]

CD's are nice too. I think my lil bro put one in for like 10 years I forgot. I should do that when I get cash flow thats the way to go.

[Ralphie]

CD's are nice too. I think my lil bro put one in for like 10 years I forgot. I should do that when I get cash flow thats the way to go.

Yea cds are ok but the problem is the interest rates arent great....but then again over 10 years maybe it improves.

I kinda need the money back for something special so i can't give it up for 10 years.

[NAiL05]

Well he has a long time ahead of him lol so I dont think it matters for him.

[npor]

yeah i put some money in a CD...it opened back up right as my accord broke down, with $400 it made in interest at my disposal, a.k.a. to pay for my broken car

[heartbreaka72]

cd is low risk, guaranteed interest rate, but the rate is very low..so its safe..but you dont make so much.

mutual funds you can fare better with, esp over time bc it depends on the market, but theres more risk involved.

tbill is non competitive, and you at least get what you put in, but usually more, its a pretty good investment...

i know i had bonds that were cashed in from when i was born, i think i was 21 before i could cash them in..that was sweet. i know i already have an ira my dad set up, and if i put in the max amout per year, in 20 yrs i get a million bucks, not too bad!!

i would invest in stocks for companies eventually, but i need to learn more, i know that etrade is popular, and easy to use, but i dont know, im scared to get into that..people have gone mad from stock investments..cant handle the pressure.