Hey if you don't have 3million stuck between your couch then that's your problem.
this post was submitted on 04 Oct 2024
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What a silly post...
First, where are you going to find a 8% treasury bond? Even a few months ago, when they were giving record yields, it didn't even get close to that.
Second, if you borrow $3m with high interest rates (needed to get high yield treasurys) you'll also pay a high rate on your loan. Duh.
Pretty sure the post assumes you have $3m just sitting in your bank account.
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So I know this is satire but I wouldn't buy a us bond. I would much rather buy one from a stable country.
The US economy is like the most stable economy in the world. And they don't double tax you, depending on where you live and the tax treaty.
It's almost like not starting a war in 500 years and being as neutral as possible lead to being a stable country.
Oh and 3 seconds on Google proves you wrong. Switzerland is the best and most stable economy and country in the world... again. https://www.usnews.com/news/best-countries/articles/2023-09-06/steady-switzerland-is-once-again-the-worlds-best-country
Wait what, Federer is still playing?
And the article didn't even mention the why behind the political stability, low corruption and respectfulness; the half-direct democracy: though not without faults (too influencable through media upheavals), even the 7 presidents are "just doing a special job" and can take public transport.
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We have had 2 assassination attempts on someone running for the highest public office in the country in 3 months. One of the people currently running for office who has a chance at winning tried lost the last election they were in and then tried to take over the government by force.
Our country is not stable.
I would much rather invest in a more stable country like Sweeden or Switzerland.
Oh wow tell me more about Sweeeden. What knowledge do you have that makes you think that tiny economy is more stable than the US economy?
Politically, maybe, but economically, the US remains a major powerhouse, and if nothing else, that might be the sole factor that makes them try to keep things stable.
It's one of the few things much of the wealthy and the not-so-wealthy tend to both want, particularly for those who have a decent amount of wealth tied up in the American market, and a fair amount of money might be spent to that end.
There is literally a gang war going on on the streets in sweden. How does that count as stable?
But a lot of european countries are pushing pretty hard to not borrow and have a zero balance or positive budget. So e.g. Switzerland don't sell that many bonds and yield on a lot of them is 0.5%, maybe 2% on long term ones vs around 4% for US ones.
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yeah i'll get right on that
Sweet, I just need a small, interest-free loan of 3 million dollars and I'll pay you back $10,000 a month for 300 months. Don't believe me? Here, check out my credit report.
Credit report: trust me bro
The remaining $10000 will only be worth 2500 in 30 years time, assuming 5% inflation per year...
Whose side are you on here, me the plucky underdog, or some multimillionaire with money to burn