With all the recent hoopla over the stock market, I recently gave a young couple getting married an I bond.  Why? Because everything they wanted in their registry was already bought, and a check, to me, is rather impersonal. Also, the I bond was returning a nice five percent return, risk free. Certainly better than taking a loss on stocks and even getting only one percent in a bank savings account. Really, who even bothers with that today? Even a money-market fund was returning a scant two percent, so five percent sounded rather good.

What the lovely couple got was a safe, government-guaranteed, inflation-indexed U.S. Savings Bond.

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