Apparently, some idiots think that 3.75% is worth taking on the risk of an IOU at par value…
Did you get an IOU from CA instead of cash? I am looking to buy some and will pay face value. Please send a photo so I can verify the IOU and so that I know how much your IOU is for.
Thanks!
Um, for 3.75% only, I’ll pass.[/quote]
Considering that my CD’s are currently paying about 1% and my money market accounts are paying about 0.25%, 3.75% is a nice tidy return for an essentially no risk short term investment. I’m not sure how this is ‘stupid’.[/quote]
Well, stupid is probably a strong word. 3.75% seems kinda low return for the risk of CA, as I don’t think the CA debt is as risk free as folks think it is. I’d rather take my chances on some company bond or dividend stock.
