Acting Fast
Phew! It’s a good thing I opened that CD yesterday morning! I had been planning to open a CD before the January 29th meeting of the Fed Reserve Bank (when it was expected that rates would drop). But it came as a complete surprise yesterday with their emergency reduction of .75%.
So, I quickly opened a CD in the morning with a 4.55% interest rate. By late afternoon the rate had been reduced to 3.50% (thanks feds). Fortunately, I made it before the lower interest rate took effect. Unfortunately, I stupidly only made it for 6 months (and it’s already predicted that the Fed will reduce rates to about 2.5% in the next few months).
I’m such a lazy investor. I like the old days when I kept it simple: money was taken out of my check and thrown into my emplyer’s retirement plan, and a certain amount of money was taken out of my checking account each month and put into a Roth IRA. I never worried about what it was doing, and I never had to make rushed decisions regarding CD’s or new funds or what not.
I miss the old days.
On the plus side, I played Scrabble with Randy and Deano last night. The first game was just Deano and me and I won. The second game was played by all three of us and Randy beat me…by ONE point. I must say that the only reason he won was because toward the end of the game he was stumped and showed us his letters and Deano and I came up with a 38 point word for him.
Note to self: don’t help competitors in Scrabble.
1 Comment(s)
Comments RSS TrackBack Identifier URI
Leave a comment
I’m curious, would you want to play Scrabulous with me on Facebook? I have been playing it with lots of friends during work.