Saving Bond secret is out!
Oct 7, 2002 | 2:56 pm
#31
Join Date: Apr 2002
Posts: 2,388
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Pacha:
Wow, the secret IS out.
I had two guys behind me at starbucks explain the savings bond thing (w/ a cash back card) to a friend today...</font>
Wow, the secret IS out.
I had two guys behind me at starbucks explain the savings bond thing (w/ a cash back card) to a friend today...</font>
On a buying note, if I want to spend $1,000 on saving bonds. Is there a difference between buying 10 $100 bonds or 1 $1000 bond other than the extra paper involved? I guess you have freedom to cash pieces of your investment if you break it into smaller denominations, but will anything else come into play?
Oct 7, 2002 | 5:55 pm
#32
Suspended
Join Date: Jul 2002
Location: Los Angeles, CA
Programs: United Premier, American Airlines
Posts: 896
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by yashan:
I don't know, I think the secret will really be out when the guy behind the Starbucks counter explains the savings bond "scheme."
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If it is Starbucks workers talking about the "scheme," I can't see many of them buying thousands of dollars (or tens of thousands of dollars) of savings bonds.
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On a buying note, if I want to spend $1,000 on saving bonds. Is there a difference between buying 10 $100 bonds or 1 $1000 bond other than the extra paper involved? I guess you have freedom to cash pieces of your investment if you break it into smaller denominations, but will anything else come into play?
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I don't know, I think the secret will really be out when the guy behind the Starbucks counter explains the savings bond "scheme."
***
If it is Starbucks workers talking about the "scheme," I can't see many of them buying thousands of dollars (or tens of thousands of dollars) of savings bonds.
***
On a buying note, if I want to spend $1,000 on saving bonds. Is there a difference between buying 10 $100 bonds or 1 $1000 bond other than the extra paper involved? I guess you have freedom to cash pieces of your investment if you break it into smaller denominations, but will anything else come into play?
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Oct 9, 2002 | 6:59 pm
#34
Join Date: Oct 2002
Location: NL, IL US
Posts: 3
Seems silly to me. The limit is 45k worth of bonds a year. 30k Series I, 15k Series EE. So I get 1.8 roundtrips locking up 45K of cash at rates under 2% between 4-6 months (assuming you use the credit card grace period to the max)? It is a nice perk, but if I had 45K in cash lying around I wouldn't be concerned with 1.8 roundtrips. I'd be more worried about that analyst who figured AA would be short of cash by the end of 2003. Assuming worst case, what would happen to all those people who have cash in the AA Money Market Fund???
Oct 14, 2002 | 1:52 pm
#37
Join Date: Oct 2002
Location: NL, IL US
Posts: 3
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by nindobe:
"what would happen to all those people with money in the AA money market fund"
Nothing. You aren't lending them the money nor do they manage the fund. You get miles there just like with any other partner.</font>
"what would happen to all those people with money in the AA money market fund"
Nothing. You aren't lending them the money nor do they manage the fund. You get miles there just like with any other partner.</font>
http://www.amrcorp.com/facts/sheets/investment.htm
Mar 16, 2003 | 9:12 am
#39
Join Date: Jan 2000
Location: Northern California
Programs: Inf Elite CO, lifetime AA Platinum
Posts: 1,937
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">bump, for those new to the board and not knowing about savings bonds.
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Ms.DtG
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Ms.DtG
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Mar 16, 2003 | 6:19 pm
#40
Original Member
Join Date: May 1998
Posts: 2,513
Full info on this "secret" can be found on my web site below, near the top of the Finance page.
Perhaps 'nuff said?
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Perhaps 'nuff said?
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Mar 16, 2003 | 10:24 pm
#43
Join Date: Apr 1999
Location: Oak Park, IL
Programs: AA 2 MM LIfetime Platinum, SPG Platinum, Hilton Silver, BA
Posts: 3,585
Each thread has different questions, so I bumped several to make sure all questions were answered. If you already know all the answers you really don't need to read these threads.
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Ms.DtG
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Ms.DtG
Mar 17, 2003 | 5:20 pm
#44
Suspended
Join Date: Jul 2002
Location: Los Angeles, CA
Programs: United Premier, American Airlines
Posts: 896
A long term suggestion that won't tie-up all you money at once, is to spread out your purchases. Instead of buying, lets say, $24,000 of savings bonds at once, is to buy $2,000 per month. That way you'll always have some bonds you can cash in any given month (after the required holding period).
Mar 17, 2003 | 5:56 pm
#45
Original Member
Join Date: May 1998
Posts: 2,513
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by tph4:
Any ideas how to do this if i need the money in 11 months now that the new holding period is 12 months.</font>
Any ideas how to do this if i need the money in 11 months now that the new holding period is 12 months.</font>
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