bonds

Traditional finance is uninspiring: it’s possible to buy a bond or CD (“certificate of deposit”) that pays out a certain amount of interest every year. But there is no investment that will literally buy you a sandwich or coffee every day—until now, that is!

Nov 27, 2023

Finance

bond, bonds, cds, Finance, sandwiches, stocks, tangible investment, unusual cd or bond that pays out in coffee and sandwiches

Background: A large class of investments work as follows: you, the investor, lend a chunk of money to a borrower, who then pays it back (hopefully) over time with a bit of extra interest. Example: a city issues a $1200 bond that pays $350/year for four years (total: $1400, unless the city goes bankrupt: https://www.google.com/search?q=cities+that+went+bankrupt.)…