Hi All,
Its Thursday morning. This week has been flying right by. That said, I wanted to take a minute to update you all on my own personal finance moves over the past couple of months. For the past couple of weeks I've been focusing on silver and bonds.
I've been buying small amounts of silver, mostly American Eagles. My goal for the next few weeks is buy another 10 Ozs and fill up this tube I have, then I'll switch over and focus more on our other goals. Ideally the long term idea is to have a couple of thousand ounces of silver to pass on to our children when the time is right. They maintain their value over the years and allow for potential wealth building opportunities when the markets are acting in their favor.
(my desk, with silver and cat).
Also, I've been letting the dividends from our various stock investments build up in my schwab account. The main idea is that when we get enough to make it worth our while we'll transfer the funds to my wife Miel's schwab account. At this point, we are planning on getting $5,000 worth of bonds and $7,000 worth of stocks in the second half of this year to round out our portfolio. At this point we are way long on real estate and while we have a lot of money committed to 401ks and Roth IRAs, these are relatively less flexible, so we're planning on putting these more liquid funds into assets that can be moved around quickly in case a good opportunity comes up.
So, in terms of bonds, I'm planning on talking my wife Miel into buying the bonds from a selection of those listed on internotes.com.
The reason is that bonds listed on internotes are arranged in a manner such that the company issuing the notes agree to compensate the brokers. This is interesting because most of the time brokers pass higher commissions onto their customers via built in charges. Plus, the notes are issued at face value of $1,000 each, so you don't have to deal with calculating interest payments. I'm not entirely sure about these products at the minute, but right now they look like a better deal for small investors.
Thanks,
James
Wikinvest Wire
4 comments
Why didn't you bring the cat to our coffee meetup yesterday sir? Don't forget next time ;)
J Money - His brother is even bigger! We've discussed the possibility of taking them on walks but haven't tried it yet. I bet they'd love Starbucks. Maybe next time.
Cheers,
Miel
Great kitty! Mine is about as big... I put a little blanket by the monitor for her.
I am curious about the internotes. The minimum denomination is listed as $1000 which is often the case, but the bonds I buy why the broker are usually sold in lots of 5 minimum, so you need to invest at least $5000 (less for issues sold below par, more for those sold above par) in a single bond issue. I wonder if the minimum is really $1000.
Additionally, their FAQ states that the notes are sold only via brokers. I'd be very curious after you buy someting. I use TD Ameritrade which is listed among brokerages. Last time I searched bonds I didn't see any mention of InterNotes, but this was a while ago. I'd be very curious about your experience once you buy something.
Hey Kitty,
The internotes are on my radar screen as well. We don't have funds allocated to the bond purchase yet, but anticipate that we'll have more follow up on this three weeks or so.
Thanks,
James
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