Replies to post #137 on 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.

[bar1080]

Interesting study of the effectiveness of investing courses like those offered in most colleges. People who take them have actually done worse with their money than those who never took a course.

That doesn't surprise me. I presume those who haven't studied investing stick with cash in the bank which has done far better than stocks since 1999.

I suppose it's like people who have taken an intro course in Karate. They learned just enough to get their brains beaten out. Better that they used that time to train for running (away).