Wednesday, January 5, 2011

Bonds

I recently found Savings Bonds that were given to me as gifts for my birth, and at my Bar Mitzvah.
These are Series EE U.S. bonds that mature in 30 years. I'd like to thank everyone who looked at me when I was 13, and decided, "I better make sure that kid has $50 when he's 40, he will probably need it then."

**Update: I checked out the Treasury Dept.'s website. They have a calculator for bonds. In 1988, someone paid $25 for this $50 bond, which is currently valued at $77, even though it has 7.5 more years until its maturation date! I don't fully understand how these bonds work, it seems.