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[gingersaintbad]

Hello all. I have a few questions. I am getting married this weekend and want to hopefully receive enough for a down payment on a house. If not, what can Ido with that money to accrue as much interest as possible without being locked into a long term thing. If I stumble upon an opportunity to purchase a house Idon't want to lose money by withdrawing before a certain time frame. I also would like to know whats up with the "Patriot Bond." I have done someresearch and it appears to be an EE Bond that has an interest accrual period of 30 years. To reach the full potential of the bond I have to wait 30 years? Whencan I have the listed value regardless of interest? Thanks in advance guys.

 

[superantigen]

Congratulations on getting married--that's all I got...

...

 

[gingersaintbad]

haha, thanks. Any financial people? Nothing? Anyone?

 

[dopestop]

umm......

 

[crcballer55]

for the EE bonds, you will pay half of the face value, and it will accrue at whatever the current going rate is. at that time, you will be able to withdrawalthe full face value.

Really, at this point, you're not going to get any decent returns unless you're in the market. Even then, you're risking losing money and may notend up with enough to put your full 20% down on a house. I would say that if you do get a windfall, first, pay off any outstanding debts you have since thoseare your highest interest rates. Then, make sure you have 3-6 months saved up for an emergency. If, after that, you are able to afford a house, make sure youhave the 20% down to avoid the PMI with your monthly payment. If you can avoid that, you will be able to afford a much nicer place since you won't bethrowing $150-200/mo. away for "insurance".