This Bond is Earning 7% Annually! (What's the Catch?)

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Investing, Education, Business

4.7 • 3.1K Ratings

🗓️ 2 February 2022

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How can you protect your money when inflation is around 7% and savings accounts are earning less than 1%? In this Q&A, we'll discuss the government bond that aims to protect your dollars from inflation. Is there a catch or is it a great place to store cash? Subscribe on YouTube! Download FREE Financial Resources from the show Get our Net Worth Tool Now! Sign up for our Financial Order of Operations course Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This bonds earning 7%.
0:03.0	What's the catch?
0:04.0	It's Brian Preston, the money guy.
0:07.0	Restoring order to your financial chaos.
0:10.0	Retirement.
0:11.0	Investing.
0:12.0	Taxing.
0:13.0	You've got financial questions.
0:14.0	He's got financial answers.
0:16.0	It's Brian Preston, the money guy.
0:20.0	Brian, I am super excited about this show because
0:24.0	I've only been getting tons of questions around this,
0:26.0	whether it be from our audience,
0:28.0	I see them in the chat,
0:29.0	I see them in YouTube.
0:30.0	And even if I had clients reaching out, like,
0:32.0	hey, is this, I've heard about this thing,
0:34.0	this mystical, magical thing.
0:36.0	Is this something that I should maybe be taking advantage of?
0:39.0	Well, look, it's hard to get safe returns right now.
0:43.0	Sure.
0:44.0	Because I think, because interest rates are artificially
	...

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