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Bought EE Savings bonds today. Plan to hold 20 years, at which time they are guaranteed to double.
That's a yield to maturity of 3.53%. Not bad compared to the 2.26% yield on today's 20-year treasury bond.
2^(1/20) = 1.0353
I know it must seem silly to lock in such a low yield. Can't argue with you. It also felt silly buying EE Savings bonds in October of 2010. Not so silly in hindsight though. Only 14 more years until they mature. Still earning 3.53% per year. Still not regretting the purchase. Go figure.
I guess you could say that I'm still not a believer that long-term savers will soon be rewarded, especially those who have been sitting in short-term treasury bills and CDs for the last 8 years patiently waiting for the 1980s and 1990s to magically reappear. For what it is worth, good luck on that plan. Sigh.
Hotels: Occupancy Rate Increased 2.8% Year-over-year
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From STR: U.S. hotel results for week ending 13 April
Helped by the total solar eclipse, U.S. hotel performance increased from
the previous week, according...
11 hours ago
4 comments:
I managed to buy MCK (what timing, right?!) two days ago, so 3.53% is looking pretty good right now! Ouch!
Unknown,
I think CEO Hammergren opted for an early TRICK OveR TREAT with his adverse drug pricing trends commentary today.
Fortunately, he managed to dump a significant number of shares back in September. What an amazing coincidence!
As an added bonus I must be living vicariously through you, because I can feel my blood pressure rising just thinking about amazing coincidences. Sigh. :(
Yep. That's the power of options!
MCK going back up. I wonder if our "buddy" sold high and is buying back low? Oh well.
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