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Showing results for tags 'savings bonds family'.
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My father saved up money for me to go to college in the form of US savings bonds. When I went away to school I was given the bonds. After school was over I ended up with about 11,000 dollars in high interest savings bonds, 7.5% and higher. That is the value if sold today, not the marked value. Well, because of my understanding of the current state of the US economy, my desire to get out of US Bonds is very high. I told my father I intended to sell them and invest in something I felt was safer. He asked me to sell them to him, as 7.5 - 11% interest on this safe of an investment is impossible elsewhere. I feel that if I sell him the bonds, he will lose most, if not all the money in them. I do not know this of course, but I am positive that bonds of any interest are bad investments. I love my father and do not want him to lose money. I know he would be rather upset if I just cashed them out at the bank instead of selling them to him. I am looking for some advice.