At various times clients call up asking for a bit of advice, they have recently gotten a bonus or an inheritance or some other windfall and want ideas on what to do with it.
Some want to pay off mortgages, others to save it, but most want to piss it away on wine, women and amateur theatrics or their equivalent.
One options could be to rather than make an extra $10,000 payment on your 3% mortgage, you could buy a new series US I savings bond where money will earn an annualized 7.12% rate through April 2022. The bonds can’t be redeemed for 12 months from the date of purchase.
This is a more viable option than the deposit on the sports car you can’t take possession of, til they manufacture it first.
What do you do with your windfalls?