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Main => Everything Else => Topic started by: paigeoliver on December 28, 2005, 07:51:14 am

Title: Just opened a TreasuryDirect account
Post by: paigeoliver on December 28, 2005, 07:51:14 am

I just opened a Treasury Direct account. I won't be buying anything for a month or so, but this will be my first ever actual investment other than a savings account.

I really wish they let you buy in $500 increments rather than $1000 though. It takes me 2 months to save $1000. If they had a $500 increment then I could invest every month instead of every other months.

Any tips? I was just going to start with the 13 week t-bills at first, since that will let me see some near instant returns, which will hopefully mentally kickstart the idea of seeing returns on my investments.

Title: Re: Just opened a TreasuryDirect account
Post by: AC. on December 28, 2005, 12:29:17 pm

Suprisingly, a paypay account is a pretty good money market account.  it is currently paying 4.22 %.   electronic transfers to and from your paypal account are free.  you could send $500 per month to earn some interest and then free transfer it back to your bank account when you are ready to buy $1000 in treasurydirect.

or look into anyother online moneymarket account for temporary liquid storage of your phat cash.

Title: Re: Just opened a TreasuryDirect account
Post by: Havok on December 28, 2005, 01:38:40 pm

Porkbellies!

Title: Re: Just opened a TreasuryDirect account
Post by: Buddabing on December 28, 2005, 08:18:14 pm

Quote from: paigeoliver on December 28, 2005, 07:51:14 am

I just opened a Treasury Direct account. I won't be buying anything for a month or so, but this will be my first ever actual investment other than a savings account.

I really wish they let you buy in $500 increments rather than $1000 though. It takes me 2 months to save $1000. If they had a $500 increment then I could invest every month instead of every other months.

Any tips? I was just going to start with the 13 week t-bills at first, since that will let me see some near instant returns, which will hopefully mentally kickstart the idea of seeing returns on my investments.

Given that you are completely against equities.....

With the inverted yield curve we have right now, it's right to stay short term. Stay with maturities of two years or less for now.

Eventually you can branch out into tax-free municipal bonds or non-governmental bonds that will yield a bit more with the very slightest risk.