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1.25 million

September 14th, 2011 at 02:36 am

Made you read, eh!

I'm still tracking the amount of change I find "around". Even more interestingly, I compare the amount I find monthly with the amount that I would have invest monthly that throw out the same amount of interest.

This month I found $9.73. (I know!) Turns out it would take $1,250,642.67 in a 4 wk T-bill to generate that amount in interest. It could be worse, I guess - a couple of months in 2009 T-bill returns were 0 ... or it would take an infinite amount.

Bad times a comin'.

4 Responses to “1.25 million”

  1. Thrifty Ray Says:

    That is an amazing perspective on found change..

  2. LuckyRobin Says:

    I think Seattle-ites seriously just throw their money away. I was there today and found a nickel, a quarter, and 3 pennies and that was just in the hospital bathroom.

  3. baselle Says:

    LuckyRobin - I've got to believe you; they are pigs when it comes to coins. God bless 'em.

    Today, I found a SILVER dime on the ground today. I count it as 10 cents, but the melt value in silver of that dime is $2.86 - as of today. 4th silver dime in a bit more than a year - its my cheap way of getting a precious metal portfolio. Big Grin

  4. CB in the City Says:

    On the other hand, Chicagoans seem to tightly hold onto their coins. In more than a year, I've found less than $3.

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