DINKs Buying Silver & Bonds

by James & Miel on July 2, 2009 · 0 comments

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.



Update: This post was featured on The Carnival of Money Stories

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