With interest rates on the rise, bonds are becoming an increasingly popular investment choice. In fact, this year’s recession seems to take a backseat to the volatile stock market, and more investors are turning to bonds and gold IRAs as a way of diversifying their portfolios. You can read more here to learn about gold IRA shines this year. But what if you’re looking for safe investments with steady returns in 2023? The options may seem overwhelming, but here are four bonds that every investor should consider buying this year.
I Savings Bonds
Also called I Bonds, these are low-risk bonds issued by the U.S. government. They’re designed to protect investors against inflation and offer a guaranteed return rate with no minimum investment required. You can buy I Bonds in both electronic and paper form, with values ranging from as little as $25 to up to $10,000 per bond. The interest rate is based on the Consumer Price Index (CPI) and changes every 6 months, so your returns could be higher or lower depending on the market. In fact, last October, the interest rate offered was 9.6%.