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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

deucher
deucherActive Contributor
Asked: April 19, 20242024-04-19T14:54:20+00:00 2024-04-19T14:54:20+00:00In: Money & Business

Are government bonds worth it?

I thought a lot about such an investment because such bonds of my country offer a very good profit and much higher than a simple investment in a bank, so many people decided to take advantage of this opportunity. However, I haven’t done it yet, because for me the main disadvantage is that I can’t be sure of the payment of profit, since now the financial situation is not very stable and they can simply take my funds at any moment. And also minus that from the profit they will take 100 percent tax in the amount of 15 percent of the amount

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  1. spencer
    spencer Enlightened Mentor
    2024-07-14T18:46:57+00:00Added an answer on July 14, 2024 at 6:46 pm

    Government bonds are a great way to preserve wealth, but it's not ideal way to build wealth, because it grows at a very predictable rate, so it's hard to actually grow your bonds, but it's good for growing your wealth, over time you can amass a great wealth. If you can get some percentage like 5% aRead more

    Government bonds are a great way to preserve wealth, but it’s not ideal way to build wealth, because it grows at a very predictable rate, so it’s hard to actually grow your bonds, but it’s good for growing your wealth, over time you can amass a great wealth.

    If you can get some percentage like 5% a year and if you put some millions you’ll be able to make money out of it, but you can’t make some good money if you don’t put good money into it.

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