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Lots of Updates

September 30th, 2009 at 12:55 pm

Yesterday, BM earned his yellow stripe in his martial arts class. It was quite a ceremony.

The irony is that he tends to goof off whenever I am there, and never practices. I mentioned this again yesterday and he said, "Teacher didn't say I have to practice." Oy vey! Though admittedly, I think dh discourages some of the practice at home - so he doesn't break his neck and such.

So the teach, after class, tells me how much she loves my son and blahdeblah. All I could think is Lord knows why. LOL. I don't go very often, so he must have some better days. Though dh, who takes him ever week, said she just wants our money. LOL.

Well, she clearly sees something in him. To put up with him. Wink (I am ashamed to admit he is really good at goofing off behind her back too. That might be part of it!)

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Reminds me, BM had an awesome progress report from school. He is challenged and happy. Last year wasn't bad, at all. But this year he is in his element. It didn't occur to me that superior behavior, effort, and attitude, would result from an awesome teacher and a "just right" challenging education. But it seems to be the unexpected side benefit.

I probably bring it up too much, but I feel so blessed with our school situation. As our school district falls into further shambles. Ugh! I just feel little else but lucky, for this school. I am definitely giving daily thanks, as I read the local news and talk to all the parents in the public schools. It's just a complete mess.

Lord knows, no one in my community wants to hear about a good school experience. Big Grin

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I've got lots of homework to do while the family is gone.

I figured I would take the time to get all set up at Alliant Credit Union.

T Rowe told me, "from their experience with said bank, the CD rollover would take another month."

On a whim today, I peeked at my T Rowe account. I really didn't expect anything. Clearly it's not there yet. But I had a strong urge to peek.

Wouldn't you know, it transferred yesterday?

Holy cow!

Suddenly I have got some homework to do!

I have about $2500 to invest. The other $4k stays in cash, to round out my ROTH Efund. I already invested more liquid $4k at awesome stock lows. The lowest days of the market this past year. I fared well. This CD rollover replenishes my liquid cash.

Today I peeked at the Dow. It was at 11,700 when I invested in the CD. Today it is at 9740, give or take. That is a solid 16% decrease.

I feel pretty confident that I will just plow it into my T Rowe Target retirement fund. I got a decent discount for waiting. I earned 5.5% in the interim.

I need to decide what to do with the cash though. Ugh! I will probably just leave it in cash.

When I made the decision to keep a portion of my Efund in my ROTHS, in order to max out a year I wouldn't have otherwise, the MMMFs paid decent interest rates. Now I have fewer options.

Lots to think about.

Also, did I mention I am so glad I didn't waste my money on a medallion stamp, for the rollover? I reasoned that the bank might not care. That reasoning could have backfired and delayed the rollover. Last time I rolled money over, Merrill or whoever said they didn't require the Medallion signature, but it turns out they did. But I risked a nightmare to save $10. Glad it worked out! My new rule of thumb is "brokerages care; banks don't." Which makes chasing CDs easier with ROTHs. I didn't want to pay a $10 fee for every rollover.

ETA: I decided to move some of dh's IRA into cash, and to deposit the whole chunk of my CD into my Target Retirement fund. Dh has Vanguard, and I think their MMMF has fared a little bit better due to their extremely low fees. It's done. I can always change my mind later!

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I don't think I am ready to jump back into bonds, but I am getting there. Cash isn't faring so well in my retirement accounts. I need more options. & I expect that in the next year, that I will want to expand into some "safe" taxable bond investing. As my cash reserves gets back up to snuff. I am definitely saving cash up for our next cars, in conservative monies and such. Thing is I don't know if I will need it tomorrow, or in 10 years! I am thinking bonds will be good middle ground. Bond funds, that is. I am sure I will be called too conservative, but I never would have invested that stuff in stocks before, and less desire to, now!

I have been reading up on the subject of bonds.

I found this article yesterday, and it pretty much summed up what I have learned, myself. But I thought it was good to share:

http://www.latimes.com/business/la-fi-petruno26-2009sep26,0,...

& though the bond funds I've seen recommended have not fared as well as my cash the last couple of years - the truth is they are faring FAR better now. So I may spread out my Efund a bit. Don't worry, I am playing it ultra conservative when it comes to the Efund. At this point I just have more reading and research to do.

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MIL just bought a pile of Sears pics of the kids. So as school picture time has arrived, I tossed it all in the recycle bin. Eh. I am not a huge fan of school pictures - not in the digital age.

So um, they had pictures at preschool. & dh and I joked that they would probably be awesome and too cute to pass up.

Boy, did we nail it! LM came home with a shirt yesterday with his picture on the front - a shirt which advertises his preschool and the photographer. Lovely. But it's probably the best picture I have ever seen of him. I haven't seen prices so I guess will see. We will buy the cheap package. Blah!

BM? Terrible picture last year. I bought it because it was Kindergarten!!!!! It was so sentimental. No doubt he took an awesome picture this year. We will find out soon enough.

It doesn't help that in all these "free" pictures I have from MIL, that she had them in some hideous outfits. The pictures are cute, but the outfits ruin it for me. I am extra appreciative she let them wear jeans last year. Wink She buys pictures because in this digital age, we don't see the point. Of course, she way over buys, and I am stuck with a million pictures I don't want or need, anyway. Which is all the more reason I don't pay for the stuff. !!

1 Responses to “Lots of Updates”

  1. frugaltexan Says:

    That is so good BM is having a good year so far at school. Smile

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