First off: yeah, I hit Google. Yeah, I hit Wikipedia. I feel like I've got a vague understanding of what's going on with this situation.
However, as everyone knows, ATOT is full of the smartest people to the internet. You've all got Ph.Ds in every subject that you can get a Ph.D in. So I turn to you, hoping to see if I've got enough of an understanding to get neck deep into this stuff.
T-Bills are, apparently, one of the ways that the gov't actually gets the money that it uses to... you know, do whatever it is that the gov't does. In the case of T-bills, you buy one at a little bit less than face value and, at the end of its maturation period, you get the face value (i.e., profit, interest, whatever). I'm assuming the longer the maturation period, the higher the profit.
I hit up Treasury Direct, which seems to allow you to buy these T-Bills on your own. Then they got into compete versus non-compete; I start to get a little fuzzy here. Then there's auctioning, and it seems like the only way to get a clear idea of what happens from this point is to either (a) throw some money into the ring or (b) find somebody who's already been through it so they can explain what's going on.
So ATOT, I come to you: do I have a grasp of T-bills and how they work? Can you fill in the blanks in my knowledge? Do I know enough to get into this? Do you think it's worth it?
As always, any and all help is appreciated.
However, as everyone knows, ATOT is full of the smartest people to the internet. You've all got Ph.Ds in every subject that you can get a Ph.D in. So I turn to you, hoping to see if I've got enough of an understanding to get neck deep into this stuff.
T-Bills are, apparently, one of the ways that the gov't actually gets the money that it uses to... you know, do whatever it is that the gov't does. In the case of T-bills, you buy one at a little bit less than face value and, at the end of its maturation period, you get the face value (i.e., profit, interest, whatever). I'm assuming the longer the maturation period, the higher the profit.
I hit up Treasury Direct, which seems to allow you to buy these T-Bills on your own. Then they got into compete versus non-compete; I start to get a little fuzzy here. Then there's auctioning, and it seems like the only way to get a clear idea of what happens from this point is to either (a) throw some money into the ring or (b) find somebody who's already been through it so they can explain what's going on.
So ATOT, I come to you: do I have a grasp of T-bills and how they work? Can you fill in the blanks in my knowledge? Do I know enough to get into this? Do you think it's worth it?
As always, any and all help is appreciated.
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