Since the season for buying is coming up (October to April), I've been having this regular recurring conversation with friends about why it is and is not a great choice as an investment.
Can anyone provide me some concrete feedback on why these are or are not a good choice for young investors? E.g. people like me who are just starting out and have yet to establish much of anything. Could you weigh in on this please?
The only arguments that I can come up with against them is that they make you almost nothing in terms of returns.
The benefits though are they are backed by the government, cost you nothing to purchase. They are reasonable simple, you buy, you hold, you cash out/reinvest.
Regardless though we always purchase one for each of our nieces/nephews, and close friends' children as their annual birthday/holiday gift.
Can anyone provide me some concrete feedback on why these are or are not a good choice for young investors? E.g. people like me who are just starting out and have yet to establish much of anything. Could you weigh in on this please?
The only arguments that I can come up with against them is that they make you almost nothing in terms of returns.
The benefits though are they are backed by the government, cost you nothing to purchase. They are reasonable simple, you buy, you hold, you cash out/reinvest.
Regardless though we always purchase one for each of our nieces/nephews, and close friends' children as their annual birthday/holiday gift.