Okay, most people will probably not consider this very exciting but I've recently discovered a new investment product - bonds. We have some savings with Zions Bank and they have a website called Zions Direct where they sell fixed asset securities like bonds and cd's. I've never considered investing in bonds before but I got an email about a 1-year corporate bond with a yield of 5.35% which in today's market is phenomenal. Also, I learned that 5.35% is the yield if you choose to pay at par but if you decide to do some bidding, the potential yield is about 2% higher because you could end up paying a lower price. Of course, depending on the rating of the company buying a corporate bond is not without risk. Because the bond I'm buying is being offered by Zions Bank and I've always had a good experience with them, I feel relatively comfortable taking the risk.
So, today I got a message that my bid for the number of shares I wanted was accepted! And my rate is 7.1%!! We'll see how it plays out but I'm pretty excited to have learned something new and to try this out.
2 comments:
That's awesome!!
Awesome! That's a great rate. Congratulations.
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