Re: Do I have a problem? ;)
03-16-2012 06:12 AM
Repo-ed - I looked into those when I was doing a lot of research on investing. To me, the numbers did not work. IF I was to invest in the bonds, I'd have to print out a paper certificate and lock it up so it doesn't get lost or forgotten. And it would definitely be a LONG term strategy.
I looked at tax free munipal bonds awhile back. Did a lot of research into those. On the surface they sound great. But overall, there's no guarantee there will ever be a return on your investment. I watched their performance for several months and it was gut wrenching to watch the value go up and then plummet... And the ones I looked into all required several thousand to get a piece of the action. I didn't have several thousand at the time.
So for now, I am sticking to CD's, short term and long term ones. At least I know the balance will go up (and not down) and I will have easy access to cash if needed every few weeks as the short term (one year or less) CD's mature. I have only cash on that once - but the short term CD's were intended for a specific purpose.
I just started doing "even out" payments on the Navy CD's. I LOVE being able to add funds to existing CD's!