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current decisions

April 27th, 2008 at 06:08 am

Saving log - $0 tip box
Spending log - $3 coffee, turnover + $7 lunch + $45 groceries

Screenwriter friend is starting to make an independent movie based one of his scripts. Today I helped him out with auditions. I really didn't do much - I provided a friendly face and was an additional presence while people tried out for various roles. It made for an interesting Saturday.

Right now I've a cluster of "small" financial decisions to make.

I, like retire@50, have also bumped up my I-bond purchase for this month. I'm purchasing $400 in I-bonds, for a total of $10K. I figure it will complete my holdings for a little while. Because the t-bill auctions have garnered such a poor interest rate (.8-1.5%), I figure that the May I-bonds will have a very poor fixed interest rate, giving me an excuse not to buy any for a little while, meaning I have $100/month to invest somewhere else.

I will have my round lot of KO in June. After June, I will stop buying KO for a little while and let that ride. I might pick that up again if KO drops back down below $50. Here I have $50/month to invest somewhere else.

One of my CDs is maturing at the end of May. Bummer - its at 5.2%. I won't get such a lovely interest rate for a little while. I plan on rolling it over, but for a 6 month term. It will be a bad interest rate, but it makes no sense to lock it in for longer than 6 months. The interest the CD earned is going to ING.

The bank Drip stock that I own has bucked the trend and increased its dividend by a penny/share/quarter. I read that as a sign of strength and plan on adding to my position of the stock, using savings. Not too much - $500 or so.

I'm going to start a new Drip with the $600 stimulus check. Not saving, but not spending either. I have the paperwork; all that's necessary is to fill out the form my transfer agent provided. Since I'm so used to paying $50/month for a drip, in a sense I'm trading KO for something else.

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