🚀 go-pugleaf

In article <HuOdnbPbbpJ3GjfZnZ2dnUVZ_uydnZ2d@comcast.com>,
 SoCalMike <Mikein562athotmail@hotmail.com> wrote:

> bearclaw@cruller.invalid wrote:
> > The individual investor can buy T-bills at auction through the website
> > 
> > <https://www.treasurydirect.gov>.
> > 
> > The securities are issued in 4, 13, or 26-week maturities. Minimum 
> > investment is $1,000.
> > 
> > I'm thinking of investing in these. Does anyone have any advice pro or 
> > con? Thanks in advance.
> 
> 
> what are the rates? just keeping my money in an emigrantdirect account 
> gives me almost 5%, plus i have access to it easily.

The bills are sold at auction. The rates are determined by the bids. For 
shorter maturities, you buy the bills at a discount. The effective 
return on your investment is determined by the winning bid.

Unless you have a considerable sum to invest, you don't get to bid 
yourself. For small-timers like me, you buy into whatever the large 
investors are paying for the bills. 

One particularly attractive feature (among others) for me is that the 
proceeds are automatically deposited back into my bank account at 
maturity (or reinvested, as I wish).

There is a lot more specific info at the website:

<http://www.treasurydirect.gov>