<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > dodged a bullet

dodged a bullet

October 11th, 2008 at 02:45 am

Saving log - $2 tip box
Spending log - $9 lunch

I opened up my Ameriprise quarterly report this evening. This was the account that grandma's inheritance was put into. In April I moved the money into Vanguard. More precisely, I cleaned out all but $1.96. Hence the quarterly report.

It turns out that the Ameriprise cash sweep account was administered by The Reserve, one of whose funds "broke the buck" by 3 cents in mid-September. (In other words, a 3% loss, unheard of in an MMA). The Ameriprise newsletter says they will be using 33M of their own money (?! - I suspect its OPM) to "mitigate losses".

Well, I'm pretty sure that my 6 cents will be mitigated, but I don't think my sister moved her money anywhere, so I suspect that her mitigation will be less of a no-brainer.

I feel a little like the combat soldier who, when taking off his helmet, finds that little circle of daylight near the top.

In other news, my electric bill is only $47 (for two months). We've used less juice than the August - October before.

KO is now less than $42/share, so I will write a check out for that DRP. Will also be disciplined and add $40 to MMM. $50 already went to IP.

And I'm not kidding when I say that I am freakishly lucky also with ... fortune cookies. Everyone else gets the weird one or the klinker that you need the "in bed" for, not me. Today's fortune: "Prosperity is in your future."

Posted in Inheritance, IRA, Stocks & DRPs, Recession | 4 Comments »

4 Responses to “dodged a bullet”

  1. Broken Arrow Says:
    October 11th, 2008 at 02:48 am 1223693306
    1223693306

    To me, it's definitely war out there. A war that, in some ways, we've never seen before. But it's also one that we will win. I'm not just saying that because I'm feeling bullish. I'm saying that because we have the means to win it, and we can't afford not to win.

  2. paulettegoddard Says:
    October 11th, 2008 at 04:01 am 1223697663
    1223697663

    Today mine was: "Someone will need your help today." No kidding -- I was asked for help seventeen times by five people, and I have overtime commitments this weekend.

    I mailed a cheque for my Procter & Gamble Optional Cash Purchase. I know we'll get through this.

  3. homebody Says:
    October 11th, 2008 at 03:26 pm 1223738773
    1223738773

    OMG really on the KO. I have been waiting to buy. I just can't bring myself to do anything at this point, but maybe I should start a drip. MMM...

  4. homebody Says:
    October 11th, 2008 at 03:30 pm 1223739041
    1223739041

    OMG really on the KO. I have been waiting to buy. I just can't bring myself to do anything at this point, but maybe I should start a drip. MMM...

    Ooh I know, Ally, my granddaughter, Christmas!!

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]