Adam Nash, a seasoned financial expert and the CEO and co-founder of Daffy, has been teaching "Personal Finance for Engineers" at Stanford since 2017. He has covered a range of topics from compensation and investing to real estate. His experience as the Former President and CEO of Wealthfront and Former Vice President of Product & Growth of Dropbox, along with his current position on the Board of Directors at Acorns, has given him a unique perspective on financial matters.
One of the topics he often discusses is the difference between Treasury Inflation-Protected Securities (TIPS) and Series I Savings Bonds. While TIPS are convenient for building a portfolio due to their large liquid market and daily trading on the secondary market, Series I Savings Bonds are a great option for those looking to stash away some money for the long term that is saved from inflation.
The main advantage of investing in Series I Savings Bonds is that you cannot lose capital investing in them. The government guarantees your principal back, unlike TIPS which can fluctuate with interest rates and market conditions. However, Series I Savings Bonds do have limitations, such as a maximum purchase of $10,000 per year online and an interest rate penalty if sold before five years.
While both TIPS and Series I Savings Bonds have their place depending on your financial goals, it's important to note that Daffy offers a unique and modern platform for giving. As a not-for-profit community, Daffy simplifies your giving with the Donor Advised Fund for You™. You can easily donate to almost every US public charity, track tax-deductible contributions, and access donation receipts all in one place.
Daffy waives all membership fees for members with less than $100 in their fund, making it an accessible and affordable option for those looking to make a difference. So, whether you're investing in Series I Savings Bonds, TIPS, or looking for a way to give back, Daffy is a great option to consider.