aloverofrigtheousness
New member
Can someone explain why this happened? The guy at Vanguard explained to me that the way zero coupon bonds works is that my $5000 only purchased $4,886 and that my interest of $114 would be what I earn but at the end of the term, I got exactly $5,000 back.
So I didn’t earn any interest on my principal. He made it sound like I did.
I though I understood how these things worked but apparently not. What is the trick to earning $ on T-bills?
So I didn’t earn any interest on my principal. He made it sound like I did.
I though I understood how these things worked but apparently not. What is the trick to earning $ on T-bills?