I, J. Money, only claim the thoughts from my head. I am NOT a professional finance'er, banker, CPA, or anything of that sort. Please seek a professional for any "real" advice. For more info, please check out my disclosure page. That is all - enjoy!

    Wednesday, April 2, 2008

    My treasure's newly found value.

    I WON THE LOTTERY!!! j/k....oh well, so what if Operation Panera is now down the toilet, it'll happen one day :) I DO have good news though!

    Thanks to E.C. (& Tom's) post on my treasure chest find, I now have some answers regarding my savings bonds! Seriously thanks guys, there was no way i was gonna find that site myself w/ everything going on this week.

    First, what are EE Savings Bonds? Directly from: Treasurydirect.gov
    EE Bonds are reliable, low-risk government-backed savings products that you can use toward financing education, supplemental retirement income, birthday and graduation gifts, and other special events.
    They are purchased at half the price of the face value, and mature over a certain amount of time. If redeemed in the first 5 years, the 3 most-recent months' interest will be forfeited, but anytime after 5 years is free from penalization. The interest gained are also state & local tax free, but you do have to pay federal tax.

    Now, would you like to know the juicy details of how much mine are worth? do ya? do ya? Have you been good? okayyyyyyy, here we go!



    Not bad, right? What was interesting was the fact that they were all purchases for only $25.00, i had no idea that's how it worked! Not only that, but that some are now worth 6 TIMES the original price! Sweetness for sure. The two under valued under $50 i wasn't expecting, but whatever it's totally a great deal.

    After debating the last few days what to do with them, i think i'll hold onto them until each reaches 30 years (the limit at which interest will stop accruing). I *might* convert them into electronic bonds through that same website, so they're at least up to modern times, but either way those bad boys will remain in my safe for a bit.

    Thanks everyone for the nice comments, and be sure to check out the site yourself and see what YOUR'S are worth!!! it's sexciting, that's for sure :)

    Labels: ,

    Digg this!Stumble it!Send to PF BuzzSave to Del.icio.usSubscribe to feed

    3 Comments:

    Blogger Carrie said...

    That is cool. I need to talk to my mom about how much mine are worth...they're all from the 80s, I think, so hopefully mucho money!

    April 2, 2008 6:46 PM  
    Blogger change is a good thing said...

    Thanks for the great info! I think I may have to start buying these for my niece and nephew. Great information!

    April 2, 2008 9:30 PM  
    Blogger Kimberley said...

    Not bad for newly found money! My daughter was given one about 10 years ago, so she will be happy when she is 18 and they are hers!

    April 3, 2008 7:41 PM  

    Post a Comment

    Links to this post:

    Create a Link

    << Home