u/_freckles__

The common notion for US bond guarantee is that in case US reaches a point where it cannot pay debt, it will inflate away the currency (USD) and pay its debt.

Similarly, why can't other countries do the same. Example, UK central bank can also print more money and pay off its GBP bonds if it reaches unsustainable levels and then stabilize later on.

The difference between the two seem that the impact of US printing money will be felt world wide, while in UK, the impact will be limited to its local economy. What gives here?

In fact US printing money seems worse as it is inflating prices and devaluing things globally. Other countries , if they print money to pay off debt, it might result in temporary local inflation but will eventually cool down right.

Hi,

If we invest in overseas funds via MF whose underlying trade in currencies other than INR, do we get the benefit of currency depreciation or do we get that benefit only if we invest directly in the underlying in USD/EUR or similar currencies?

Similarly, does gold MF investment benefit from currency movement as well if we invest in INR in gold funds.

Thanks

Hi,

I ordered a Lenovo tablet online on the Lenovo website on the 11th. On the completion of payment, order showed it will ship on 12th.

However, as of today, there are no updates and it has not yet shipped.

I contact their Chat agent everyday, and they give standard response of will provide update in 24 hours and do not even give any clarity on when it will ship/process further.

Should i cancel the order? I purchased it because it was a good discount of ~40%

what should i do from my end. Thanks

Hi,

I have a question.

As a non-US investor, if i buy 30 year US bond maturing in Feb 2056 on secondary market via broker, at time of maturity in Feb 2056, who will honor the principal repayment?

Ideally I would like to hold till maturity but since i am not a US citizen, I cannot buy in auction directly from treasury direct.

So i can only buy from secondary market on brokers like IBKR. Now after buying this, i would like to hold it till maturity. Now in 2056, what should be done to get my principal back upon maturity? Thanks.

The best example i could give is , say a UK citizen bought a 30 year bond maturing in 2021 from the secondary market in the year 2000 via say Schwab or IBKR. Now, in 2021, how would the person get back his maturity since he is
a) not a US citizen
b) Who pays the interest on bonds bought on secondary markets

Might sound silly but I am just bit confused how secondary markets operates for non citizens and for holding till maturity

Edit update: Thanks to recommendation from user Gerry235, the best option and solution to my use case would be to look at target date bond maturity ETFs, like NYSE: IBGM

They are a basket ETF with specific maturity. So you get some limited diversity, your returns are more or less fixed and somewhat liquid.

Hi,

Can someone please guide how to buy 30 year US treasury bond from outside US. The ticker or CUSIP.

From my search there is only 1 available with Feb 2056 maturity that shows 4.75% coupon.

Also, is it safe to buy this via IBKR for long term (ideally the next 30 years) and for large amounts (above 100k$)

Will there be any issues in redemption later on down the line?

What is the procedure to get the bond / money out if IBKR shuts down or something.

(Please share response for all this for Asian country user)

Also how to reach out to customer support in case of issues. I tried contacting their in app chat portal, but it kept saying no person available.

Thanks

It looks like I am allergic to sunscreen...

Everyday i use sunscreen (started only like 10 days ago) in morning and what happens is after eating , within 3-4 hours i had to 💩 like uncontrollable thing.

I know this sounds ridiculous, so i tested by not applying the sunscreen for 1 day and the 24 hours following that day, i did not have to 💩after 3-4 hours eating

I am testing today also, and did not apply sunscreen, and so far did not have to 💩. I am trying to test 1 more day and will try apply sunscreen again and see if it returns.

But what options do i have now, if i am allergic to sunscreen, i am in high sun exposure region, so would like to avoid tanning and reduce cancer risk etc. Any options.

And i do wash my hands with soap after applying sunscreen so that it does not mix with food or something. But I am genuinely confused. Any idea what to do, any alternatives?

Thanks

Hi,

Does anyone know about below query

Once you join OS and complete 1 year, you can apply for ITI exam and ITO exam each, 1 per year.

Once you clear the exam, will you get the corresponding pay increment after clearing exam or only after you get the actual promotion.

In Online, it says mixed things. some says that you get the increment the month after clearing the corresponding exam whereas some say you get increment only after getting actual promotion.

Which is true, can someone share details on same. Thanks