Anthrocon days off

[giza]

Got my days off for Anthrocon. All 5 of them. From the Wednesday before the con until the Tuesday afterward. The Tuesday is my day of recovery. :-)

In other news, my mom "found" a $50 savings bond from when I was born. That should be worth quite a bit by now. However, she is holding it hostage until I buy her and my father Anthrocon memberships. Wait, what?!

Comments

[lionman.livejournal.com]

A parents love is never ending, eh? ;-)

[kitsunefoxman.livejournal.com]

Dramatic Plot twist! Lol, I wish my parents were cool enough to even enjoy anthrocon ;3

[duncandahusky.livejournal.com]

Y'know, if you're worried they might be bored, I have a place for them where they could see a lot of the convention attendees, and occasionally spend time with Kage's parents...

:-)

[giza.livejournal.com]

I'll talk to them. :-)

[mgucciard.livejournal.com]

We can top that - Nice Red Shirts!!

[giza.livejournal.com]

Sucking me in wasn't good enough for you... vampires?! :-P

[mgucciard.livejournal.com]

Seemed the thing to do.

[rebelsheart]

I think you just trumped Giza's parents for evil.

[duncandahusky.livejournal.com]

I win! \o/

[triggur.livejournal.com]

I'm pretty sure $50 savings bonds are worth... $50. If you let them fully mature.

[giza.livejournal.com]

Nope, they actually keep maturing.

Case in point, back in 2004, I cashed in about $250 in savings bonds that had been given to me in childhood. Total cash value was about $800. Might have not been a great interest rate, but that was $800 more than I had before. It paid for my plane tickets to Eurofurence where I went on to meet tailen in person.

Best $800 I ever spent. :-)

[tgeller.livejournal.com]

Do you know about the Rule of 72? It's a shorthand way to approximate matured value when you know the interest rate.

In short: N * Interest Rate = 72, where "N" is the number of years needed to double the investment. So if it's a 6% interest rate, it'll double in approximately (6 * 12 = 72) 12 years.

Ergo if you hold something for 24 years at 6%, it'll quadruple (double * double) in value.

[film2edit.livejournal.com]

Can you sneak them in? *grins*

[giza.livejournal.com]

Have you seen my dad? He's huge! I couldn't sneak him by anything! :-P

[film2edit.livejournal.com]

Actually, I don't know what your folks look like to be honest.

But why hold your bond hostage with AC admission? That's cool that they're interested in attending the event.

[rassah.livejournal.com]

Let me know how much that bond is worth. I'm guestimating it to be about $322.
btw, basic financial formula: value * (1 + interest)^# of years.
So, for instance, $50bond * (1+.06 interest)^32 years = $322.
Easy way to calculate how much you'll be making on things like savings or CDs, and fun to approximate values of things after adjusting for 3%inflation. (raise to negative to go back in time). For instance, in a board game my friends play called Puerto Rico, you can "buy" a storage house for just two doubloons. Sounds weird getting an entire huge building for two bucks, but if adjusted for inflation, $2*(1+0.03)^(2008-1650)= $78,841. Hey, that makes sense now :D

[bushrat.livejournal.com]

I will be there for a full week! Tuesday, June 24 until Tuesday, July 1.

OMG I has moar days...does I win?

[moonfires.livejournal.com]

Estimating a mid-70's purchase date, it could be a series E, EE, or H bond. Based on the latest table from the Treasury, a series E redeemed next month purchased in 12/1975 is worth $269.50. Some other months of the year are worth a little less. You might want to check out http://www.savingsbonds.gov/indiv/tools/tools_savingsbondcalc.htm too.

[chefmongoose.livejournal.com]

More folks for the "So My Kid Dragged me To Anthrocon' panel!

[wildw0lf.livejournal.com]

You'll lose money! The savings bond eventually ears money up to $50, then a SMALL amount of Interest for a certain number of years after that, so I don't think it would be double the face value. You'd probably come out breaking even, or losing $15 in the trade.

But, that would be interesting if your parents finally got to attend a fur con for the first time :)

[giza.livejournal.com]

No.

http://giza.livejournal.com/509217.html?thread=4394529#t4394529

[wildw0lf.livejournal.com]

Thanks for the update. I was thinking of the series EE bonds, which are the only type I've been exposed to.

http://invest-faq.com/cbc/bonds-us-savings.html

"Series EE Bonds absolutely should be cashed before their final maturity dates for the following reasons. Firstly, if you fail to cash the Series EE bond before the critical date, you will be losing money because the bond will no longer be earning interest. Secondly, under IRS regulations, tax is due on the interest in the year the bond is cashed or it reaches final maturity. If you hold the bond beyond 12/31 of the final-maturity year, then when you finally get around to cashing it, you will not only owe the tax on the earnings, but interest and penalties besides."