Monday, late post, money saving madness - The roads were terrible coming home from Spokane. It snowed so much when we were there and was very, very cold. We came home to 27 degrees here, wh...
Monday, May 3, 2010
All good things must come to an end
One of the best almost-no-risk investments I ever made was a zero-coupon bond issued by the state of Tennessee. I bought it when I was just an investing novice at age 27. I paid $251 for a bond that was to yield 6.9% for 20 years. It matured May 1, and I have mailed it to the trust department at one of the banks for redemption. Hopefully, I will get my check this week for the maturity value of $1,000. And since it was a municipal bond, all that interest/gain is totally tax-free!!
Now, because of my bucket mentality, and because this originated from funds given to me by my dad, I'm searching for the next investment to keep building this little pot of money. Only wish I could find another tax-free super-safe 6.9% guaranteed return.
What I'm considering??? $250 in I-bonds, $375 to NNN, and $375 to CEL. A little speculation with the CEL, safety in I-bonds, and real estate diversification in NNN.