It’s curious they are called securities because they are about as secure as a leaky boat.
I was paging through the Wall
Street Journal and came across a table, in the Key Interest Rates section,
displaying yields for Treasury Inflation Protected Securities (TIPS), as
follows:
TIPS Yields
5-Year -1.40%
7-Year -0.99%
10-Year -0.55%
Yes, these are negative returns, as in you get to pay the
government to hold on to your money. Seldom are your elected representatives and the entrenched bureaucracy so honest.
The US Treasury Department recommends you purchase TIPS to:
- Diversify your investment portfolio
- Supplement retirement income
Safely Negative |
Party hard. Don’t look to the future and save and invest,
there’s no payoff in it. That’s the
world of Obama. The children say thanks.
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