Does anyone simply put there money in Bonds and call it a day?
whynot20001 said
01:50 PM May 5, 2011
Well Hdrider,
Very easy to answer YES, the main question is how much do you have and how long do you want that $$$ to be tied to a bond. I wanted a sure thing to cover my months expenses, so I but enough into a bond to cover the monthly nut for 10 years. Have social security and other income for many other things I want in life, but knowing the monthly nut is covered for the next 10 years is a no brainer. Hope this helps your question, Oh by the way I still live in a house and now planning to be fulltimer RV person, after reviewing my financial situation I will save about a third of the bond $$$ per month by going on the road. Will take the extra monthly money and re-invest in some gold, silver and oil, thats my take on things. See Ya Michael Douglas
The Bear II said
04:36 PM May 5, 2011
Diversify is the rule I live by.....
some bonds, some stocks, some gold, some silver, even some copper (a bowl full of pennies on the dresser) and aluminum (empty soda cans in a black trash bag).
Does anyone simply put there money in Bonds and call it a day?
Very easy to answer YES, the main question is how much do you have and how long do you want that $$$ to be tied to a bond. I wanted a sure thing to cover my months expenses, so I but enough into a bond to cover the monthly nut for 10 years. Have social security and other income for many other things I want in life, but knowing the monthly nut is covered for the next 10 years is a no brainer. Hope this helps your question, Oh by the way I still live in a house and now planning to be fulltimer RV person, after reviewing my financial situation I will save about a third of the bond $$$ per month by going on the road. Will take the extra monthly money and re-invest in some gold, silver and oil, thats my take on things.
See Ya
Michael Douglas
some bonds, some stocks, some gold, some silver, even some copper (a bowl full of pennies on the dresser) and aluminum (empty soda cans in a black trash bag).