A timely topic we’ve been hearing about from listeners for months – U.S. I Bonds. These are bonds issued by the U.S. Treasury to hedge against inflation and currently pay an incredible 9.62% rate… but there are a lot of restrictions and time is running out! We invite CFP Maggie Gomez, aka Money with Maggie, to the show to break down the ins and outs of I Bonds. Then Johnny and Derek discuss if they think I Bonds are a good play or if your money is better served invested elsewhere.
Maggie Gomez is on a mission to help you feel strong and confident in your financial situation. Maggie’s professional experience in major brokerage firms made her realize that clients with less than 6 or 7 figures to invest weren’t getting quality attention from a financial professional. That left most people with nowhere to turn to manage their financial life and start investing in their future! So that is why she started “Money with Maggie”
Experience:
- CERTIFIED FINANCIAL PLANNER™ (designation received after a 12-month intense study program and 6-hour exam covering a full spectrum of financial planning topics)
- 8 years of experience working at Charles Schwab, Morgan Stanley, and E*TRADE
- Held a FINRA Series 7 License (Stock Broker, i.e. I sold investment products)
- Held a FINRA Series 66 License (licensed to offer investment advice)
Where we are:
- Johnny FD – Greece / IG @johnnyfdj
- Sam Marks – Thailand / IG @imsammarks
- Derek Spartz – Los Angeles / IG @DerekRadio
Sponsor:
- Indeed
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Discussed:
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- Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
Time Stamp:
- 10:00 – What is an I-Bond?
- 11:11 – What is the interest right now and how long are you locked in for?
- 12:41 – What do you expect the next interest rate to be?
- 14:16 – Is there a limit on how much you can purchase?
- 15:26 – Patreon question: Can you gift I-bonds to family members or friends?
- 16:07 – Patreon question: Is there any other way to purchase the I-Bonds other than the website?
- 17:05 – How often can you buy I-Bonds and can you buy more under other LLCs?
- 18:05 – Do you purchase I-Bonds and why?
- 19:52 – Why do you think no one talks about Bonds anymore?
- 23:10 – Do you have to be a US citizen to purchase the Bonds?
- 23:35 – Patreon Question: How is the rate calculated?
- 24:18 – Has it only recently become popular with your clients?
- 30:48 – What do you think the interest rate will be in October 2023?
- 32:16 – How do your clients feel about the stock market currently?
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