Layout:
Home > A gamble

A gamble

July 26th, 2006 at 06:08 am

3M is one of my DRPs. Last night I decided to send that DRP $2000 of inheritance money. Between the mailing, the cashing of the check and the actual buying of the stock, it takes awhile between the decision and the implementation - about 2 weeks. This afternoon I was pleased, in a speculative sort of way, that 3M is at a three year low. My fingers are crossed that it drops a little bit more while my check is in the mail.

I'm also buying another 4 wk T-bill at $2000. This one looks like it is going to be at 5.007%. My 6 mo ING CD is getting shabby, and my brick-and-mortar bank CD is starting to look very, very shabby at 4.35%, but I only have 3 more months to go on that one.

Tomorrow I also buy $100 I-bond.

I guess that instead of shopping for stuff like a lot of Americans, I'm shopping for money. I'd love to buy a dollar's worth for 70 cents; lately it seems like I'm buying a dollar's worth for 90-95 cents.

0 Responses to “A gamble”

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]