Investing in national debt
I am an 89 year old man with $375,000.00 from the sale of a home. I do not need the money, but I do not want to put it at high risk. It presently is in an AMX savings drawing .40%. What is the risk and could I earn more by investing in the national debt. Thanks for your reply.
Terry Says
First, if the account is in your name only and it is a federally insured bank (I don’t know what AMX stands for), then you are OVER the insured limit. So I would suggest you move half to another bank.
If this “AMX” is NOT a bank, then you have no have no insurance whatsoever! That’s truly a risk.
And sadly these days, you can’t earn more by buying U.S. Treasury debt through www.TreasuryDirect.gov. Short term treasury bills are paying less than one-half of one percent!
