Time benefits long term and steady investment. Case in point is the actual investment climate today. The Mathmatecum is in its fifth year of existence and in that short time has seen its percentage income go between a low of 1.63% to over 9%. This of course was due to inflation. Now after a long series of interest increases by the Federal Reserve the playing field has changed dramatically. CD rates are now offering as much as 5.65% which is greater than the current rate of return on I-bonds. Through 5/30/23 the Mathmatecum’s membership money earned 7.19%! In two weeks, we will be able to calculate any changes for the Mathmatecum along with any changes in the CD rates. That being said the same percentages should be in effect for those who have followed our advice about saving regularly and on a weekly basis. To this point in time I-bonds have been best but now CD’s yield more. CD rates vary at least week to week (if not daily) while I-bonds rates are fixed every six months: on May 1st and November 1st. According to Investopedia CD rates are the highest they have been in 15 years!
BIO
Life is filled like theater with both tragedy and happiness. Many years ago, I lost a dear friend in a terrible car accident that took the life of three people. My friend left a 5-year-old little girl to be raised by her grandmother and grandfather. Her mother’s friends raised $5,000 to be used towards a college education when the time came. The money was left in the care of three individuals – myself included. With a 13-year window it was decided to place the money in safe government insured CD’s. Fortunately, the time frame was when Jimmy Carter was President and interest rates went through the roof. By the time college rolled around there was enough money to pay four years tuition at the College of Charleston, SC from where SB graduated. SB has a daughter, a wonderful husband, and still lives in SC. Yesterday was Father’s Day and she called me.
TTFN
JU
JAI BABA
