MV Oil Trust (MVO)

[bar1080]

IHUB/RB never discussed many damn good investments... especially if they were safe and boring.

In the 80s EE savings bonds paid 7.5%. Around 1990 they paid 6%. I always say they're quadruple A rated. There were times years ago when those rates were quite competitive, plus they are exempt from state and local taxes. Income taxes could be deferred until redeemed. There were no commissions to buy or redeem them.

Nowadays those old EE bonds are wonderful investments.

When they matured after about 10 years, Congress didn't want people cashing them in so they continued to pay 4% interest. Since they can be cashed in anytime, they are like a money market fund that pays 4%.

Fair to say that 99% of IHUB "Players" would have been better off with EE bonds than the stocks they bought.