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Archive for June, 2013

The BH Death Star strikes again

June 27th, 2013 at 12:37 pm

BH = Berkshire Hathaway (or for those that don't know, think Warren Buffett). Three years ago BH swooped in and bought out my position in BNSF in my Roth IRA (though I used that money to buy stocks that have done exceptionally well). Now they hit my DRIPs, taking out Heinz and taking it private. Due to this attack, today I am depositing a check for over $3,500 for the privilege of "allowing" them to take my stock. :P

I guess I shouldn't complain, as I am ending up with almost double what I have put in over the past 6 years I had the stock, but still... having someone come in and take away a favorite dividend paying stock is a royal pain. Its like the kid that says "its my ball, you can't play". I wish they would consider that there are other people that are trying to retire on stocks, did they have to take everything? Hopefully I can put that money to work well again like the last time the death star struck.

Free food and free money - Gotta luv it.

June 2nd, 2013 at 07:08 pm

You may remember (or not?) that a number of years ago many of the credit card banks would send out free "checks" for $15 - $25. Probably in the 2007 - 2009 time frame. The catch to the checks was if you cashed the checks you would be automatically enrolled in a job loss protection plan that would allow you to not pay while unemployed. The additional catch was whatever your monthly ending balance was you would be charged something (usually 0.89%) That comes out to a yearly rate of 10%, and it didn't even pay off the card, only allowed you to wait to pay until you had a job!!! I did this for credit cards I never used, that way I got the money, but never got charged. Smile

With that in mind, about two years ago (March 2011 to be exact), I got 4 postcards saying there was a class action suit dealing with this now long-disbanded "service". (One postcard for each check I cashed.) Apparently some people banded together saying the service was confusing (well duh!) and were setting up a class action suit to get some relief. OK, I filed online for the 4 cards, figuring I might get $10 at most. But hey, free money is free money, right?

Fast forward to this past week and an letter appears and it says it was a payment dealing with that suit. I see there is a check, and on it is over $150. Oh my my. Smile Well that sure wasn't expected. Free money works for me, especially at levels like that.

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On the food front, the mulberry tree has started producing fruit like crazy. To wit, I have collected the berries, and already made over 2 gallons of jam, and there is plenty more on the tree, and plenty more in the fridge yet! I had stocked up on jars last year, but already I am starting to wonder (not if but) when I am going to run out!

As for the garden, this year is an experiment year. The girlfriend's potting soil certainly helped - I should have known to do that! So far the garden looks so-so, with the string beans, peas, tomatoes, and cucumber plants looking OK. The carrots, watermelon, and lettuce... we'll have to see if they survive. Based on the results... I will adjust my garden going forward. I did go out and get some Miracle Gro, so maybe that'll do the trick.

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Finally, on the financial front, I have already put in over $21,000 in the 457 & Roth accounts, and they have risen about $60,000 since the beginning of the year. This savings rate is hard at times, as I have taken home only $12,000 so far this year (and put $6,000 of that into the Roth IRA!) - not having a mortgage sure helps. Oh well, it'll do me well in the long run I'm sure.