TIPS / I-Bonds
 

I had someone tell me that if I put money into a TIPS fund, I would get a GUARANTEED rate of return of 6.7% for the next 6 months. No risk.

WTF? Am I missing something here? I thought that I could buy TIPS and cash them in when they mature w/ no risk. But is there such thing as a TIPS fund where one could invest just like a mutual fund and see this same risk/return? Or does the value of the shares fluctuate

If so, where do I send a check?

Unfortunately this is a load of you-know-what.