252: Hedging Inflation Through U.S. I Bonds with Maggie Gomez

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Investing, Business

4.8 • 518 Ratings

🗓️ 27 October 2022

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A timely topic we’ve been hearing about from listeners for months – U.S. I Bonds. These are bonds issued by the U.S. Treasury to hedge against inflation and currently pay an incredible 9.62% rate… but there are a lot of restrictions and time is running out! We invite CFP Maggie Gomez, aka Money with Maggie, to the show to break down the ins and outs of I Bonds. Then Johnny and Derek discuss if they think I Bonds are a good play or if your money is better served invested elsewhere.

Maggie Gomez is on a mission to help you feel strong and confident in your financial situation. Maggie’s professional experience in major brokerage firms made her realize that clients with less than 6 or 7 figures to invest weren’t getting quality attention from a financial professional. That left most people with nowhere to turn to manage their financial life and start investing in their future! So that is why she started “Money with Maggie”

Experience:

CERTIFIED FINANCIAL PLANNER™ (designation received after a 12-month intense study program and 6-hour exam covering a full spectrum of financial planning topics)
8 years of experience working at Charles Schwab, Morgan Stanley, and E*TRADE
Held a FINRA Series 7 License (Stock Broker, i.e. I sold investment products)
Held a FINRA Series 66 License (licensed to offer investment advice)

Listen to ILAB 252 on iTunes here or subscribe on your favorite podcast app.

Where we are:

Johnny FD – Greece / IG @johnnyfdj
Sam Marks – Thailand / IG @imsammarks
Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

Indeed
Indeed knows that when you’re doing everything for your company, you can’t afford to overspend on hiring. Visit indeed.com/ILAB for more details.

Discussed:

Like these investments? Try them with these special ILAB links:

ArtofFX – Start with just a $10,000 account (reduced from $25,000)
Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
*Johnny and Sam use all of the above services personally.

Time Stamp:

10:00 – What is an I-Bond?
11:11 – What is the interest right now and how long are you locked in for?
12:41 – What do you expect the next interest rate to be?
14:16 – Is there a limit on how much you can purchase?
15:26 – Patreon question: Can you gift I-bonds to family members or friends?
16:07 – Patreon question: Is there any other way to purchase the I-Bonds other than the website?
17:05 – How often can you buy I-Bonds and can you buy more under other LLCs?
18:05 – Do you purchase I-Bonds and why?
19:52 – Why do you think no one talks about Bonds anymore?
23:10 – Do you have to be a US citizen to purchase the Bonds?
23:35 – Patreon Question: How is the rate calculated?
24:18 – Has it only recently become popular with your clients?
30:48 – What do you think the interest rate will be in October 2023?
32:16 – How do your clients feel about the stock market currently?

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Transcript

Click on a timestamp to play from that location

0:00.0	What's up bosses? Before we kick off this episode, I want to tell you about our sponsor this week. Indeed.com.
0:06.1	Rapid growth for your business doesn't have to come with growing pains.
0:10.0	When you have ambitious hiring goals, you need a partner to help you get there.
0:14.7	You need Indeed. Indeed is the hiring platform where you can attract interview and hire all in one place.
0:22.2	So instead of spending hours on multiple job sites looking for candidates with the right skills,
0:27.1	you can do it all with Indeed.
0:29.2	Find top talent fast with Indeed's suite of powerful hiring tools like Indeed instant match
0:34.1	assessments and virtual interviews.
0:36.9	I'm going to tell you even more about all the powerful tools within Indeed during
0:41.5	the break in the show.
0:43.3	But if you want to get started right now, Indeed is going to help you make every dollar
0:48.1	counts because when you sponsor a job, you only pay for quality applications from resumes
0:53.1	in their database matching your job description.
0:56.6	Just visit Indeed.com slash ILab to start hiring now. That's indeed.com slash ILab.
1:03.1	One more time, Indeed.com slash ILAB. Terms and conditions apply costs per application pricing
1:09.5	not available for everyone. Need to hire,
1:12.1	you need indeed. All right, let's kick off this episode of Invest Like a Boss. Welcome to the
1:18.3	Invest Like a Boss podcast. I'm Sam Martz and I'm Johnny FD. We're self-made entrepreneurs who invest
1:23.0	our own money and use modern technology to invest like a boss. Join us each week for exclusive
1:27.3	interviews with our network of modern investors, business owners, and multimillion technology to invest like a boss. Join us each week for exclusive interviews with our network of modern investors,
1:29.4	business owners, and multimillionaires to discover new ways to invest our hard-earned cash.
1:36.6	What is up, bosses?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Sam Marks Johnny FD Derek Spartz, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Sam Marks Johnny FD Derek Spartz and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.