Saving log - $3 tip box
Spending log - $1.84 coffee, milk + $5.50 lunch + $14.50 groceries
Most of the fun I have catching up with my credit card is that I can spend the cc payment on things I like - namely assets that pay dividends. I've put $500 on one of my DRPs, the one whose transfer agent is on the poky side. It looks like the transfer agent buys the stock once/quarter, but its hard to tell. If I think that the transfer agent is inefficient, then I'm not excited to put a little something in every month - I much prefer to wait until I have a chunk of money to put in. The stock price on that DRP (MI) has been see-sawing a bit, but its been down. I hope it goes down some more during the time that the transfer agent finally buys it.
As I was telling my DH, I didn't really mean to test 4 different cost averaging buying styles. Style 1 (MMM), where the transfer agent dependably buys the stock on Friday if you get it to them by the following Tuesday, I've been playing it like a tennis ball - sending money back as soon as I get the form. Style 2 (KO), where I have electronic deposit at $1/transfer, I allow the account to take out $51/month for a $50 buy. (sucks - that's like a 2% fee). Style 3 (WEC), where the transfer agent buys twice/month, I've treating a bit like style 1. Style 4 (MI), transfer agent is poky, so I buy in a lump when I can.
I can't really tell the difference in results. But it is easiest to buy on the dips if the transfer agent is dependable, so I've acquired those shares quickly.
Found a great deal on frozen corn - .99/bag. I was walking home, though, and I didn't have the energy to lug a lot of bags, not to mention its hotter than -h right now and I didn't want it to go bad. So I bought only 2 bags and called it a score.
500 on a DRP
July 11th, 2007 at 04:19 am
July 11th, 2007 at 05:26 am 1184128012