General Discussion
In reply to the discussion: how fast could you spend a million? Lottery winner was broke within 2 years. now dead [View all]Stuart G
(38,726 posts)Eleven years ago it paid 3 to 4 %...(I don't know)...but the safest invest is a 30 year U.S. govt.
bond...Once you set up an account...you can purchase direct from the Federal Reserve Bank...
Yes, that is....."The BANK"...If "The Bank" doesn't pay interest on its Bonds ......well guess what???
All your money is................WORTHLESS.....!!!
30 YEAR BONDS ...pay the going rate..It ain't difficult
to set up an account...all you need is ....money...secured money....then the bank lets you buy its
bonds or whatever...a wide variety of bonds and notes...Remember this bank prints and distributes
all our money...It is part of the U.S. Treasury Department
.........No, I don't know what part?..But this is a source for money...Banks use it, and in the 80s it was set up so private citizens can get an account. I heard about it on a financial TV show..Yes, if you buy one of these 30 year bonds, they will automatically deposit the interest twice a year into an account which you specify.. No, I didn't make this up...you can find more info on the internet ..."30 Year U.S.Govt Bonds..".