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Summary: Savings bonds can be bought for kids to teach them about saving and the value of compounding interest. Purchase a savings bond at the local bank with tips from a financial planner in this free video on personal finance and the stock market.
Christopher Markowski has carried the titles of author, investment banker, equity analyst, muckraker, all-around trouble-maker and most importantly, consumer advocate. He is the...read more
"Hello everyone, this is Chris Markowski, President of Markowski Investments and host of the Watchdog on Wall Street radio show, here to discuss and talk about buying savings bonds. I, I got a bunch of those. You know, when I used to get it, I used to get them when I was, birthday sometimes, graduations, various different things, someone will slip a little savings bond into the card, wherever it maybe, and I still think people do it from time to time. So it's not a bad way of teaching your kids about savings and the importance of savings and putting money away and the value of compounding interest. Granted, you're not getting a lot of interest in those savings bonds, but it's a good teaching tool. To go about purchasing a savings bond, really kind of simple. You just go down to your local bank. Talk to the bank officer there, they can put the whole thing together, what size in each to be for you and then they can provide it for you. And that's how I would suggest going about purchasing savings bonds. This is Chris Markowski, your Watchdog on Wall Street."
eHow Article: How to Purchase a Savings Bond
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