Bonds on the run?
Wednesday, March 15th, 2006
Categorized as: Savings Bond FAQ
The New York Post published a fluff piece last Sunday called Bonds on the run.
The article quotes a financial advisor, Laurie A. Siebert of Bethlehem, Pennsylvania, but neglects to mention that Siebert earns commissions by getting people to invest in stocks and mutual funds. She would be unlikely to recommend Savings Bonds because she can't earn a commission from them.
If you have a significant amount of money invested - whether in Savings Bonds or elsewhere - it's worthwhile to seek the advice of a financial advisor. But I recommend you avoid the ones who have a hidden commission-seeking agenda and stick with ones that change you a fee for their services.
One place to get a list of fee-only advisors is at Cambridge Advisors. If you know of others, please leave a comment.
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savings bonds are more like a CD than a bond anyway. The rate is guaranteed for 6 mos and there is a charge for early withdrawal. You never will see Sav. Bonds promoted by ANYONE who earns a commission. Great site. tpoole