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This & That

October 27th, 2011 at 01:14 pm

**Heard in my house recently: "If you can't behave/listen, no more online math for the rest of the week!" Yes, I had to giggle when I heard dh say that to BM. No extra-curricular school work if you can't behave! Well, the threat worked...

On top of that, he has been going to math club 2 afternoons a week - also threatened. The math/accounting genes apparently run DEEP in our family. (Dh's family has a number of mathemeticians, and my family has a lot of CPAs. I've never thought of BM as a CPA type, yet, but this ordeal made me wonder).

**Interesting updates on my car. It was making a burning smell, with no other problems. The transmission fluid wasn't *low* but was close to low. So I put about a half quart in yesterday. It didn't do the burning smell thing on the drive home, like usual, BUT it had really cooled off yesterday. It has only been doing the "burning smell" when I drive home after the car sits in the sun/heat all day at work. (I have been trying not to drive it too much otherwise). So, I think it is likely the car didn't even get very hot on the drive home yesterday. Will keep an eye on it.

I also noticed, to my relief, that a little plastic piece had broken off some part of the engine. It didn't really do anything useful, and the assumption would be that it just fell out onto the ground. BUT, it would sure explain the weird burning smell every time the car heats up to a certain point. I looked around the engine for a long time and couldn't find it. But, I am thinking it is very likely that is the issue. Will see...

**Tons tons tons of road work being done in California. We have taken note not to drive between here and family at night - unless we want to sit in road construction traffic for 50 miles or so. So, anyway, I just read they are re-paving the stretch of freeway that I commute every day (about a 10-mile stretch). Long overdue. I saw specifically in the accouncement that all this was part of an effort to give more work to construction workers out of work, etc. I have mixed feelings about it. Sounds great, but where is the money for all this coming from???

**I bought some stock. Hell froze over and I bought stock!!! Actually, dh wanted to buy some netflix. It was a little deja vu from when we lost thousands in tech stocks. He seemed awfully bullish, and I was skeptical. BUT, I told him I didn't mind the opportunity to invest in stock without an official broker broker. (We never have - I would be prepared for some last minute stock buy if I ever get the itch - if I went through the process now). I also read equal parts "netflix is the worst investment every" to "buy buy buy" so I figure that's probably about as good as it gets. (If everyone things you should buy, it's probably overvalued, and it the majority thinks it sucks, it's probably a bigger gamble than I'd take).

I think this was a good reminder to invest in what you know. Like we couldn't have made a killing off of apple or amazon the last decade - you know? I am telling myself to pay attention on Facebook to what EVERYONE is talking about. Obviously hindsight 20/20 makes it appear easier than it is, though.

The agreement was we could put 1% of our portfolio in netflix, if dh agreed to keep his ears open - he pays far more attention to the news than I do.

& if it goes terrible, I know it will be 10 years + before dh asks me again. He was admittedly far more humble this time around.

My generally feeling is that I am pretty burned on individual stocks. (I am always reading in the newspaper how the dart board picks always win the carefully picked stocks, for one). BUT, my grandfather and father have made a good haul with some pretty good stock buys over the years. Since we will likely inherit some of their good fortune at some point, I mostly feel like, "Let's quit while we are ahead." Kind of the same way I feel about California real estate. If we mostly stand to inherit California real estate, and put most of our money into a house here already, why would I put MORE money in that basket?

I bought NFLX through Fidelity. My first choice would have been Vanguard, but I had to open a seperate brokerage account to do so. Bah! T Rowe was the same way. Fidelity let me buy stock the moment the fancy hit me. Their cost was the same anyway. We need to buy more stock to make a seperate account worthwhile. Maybe, eventually.

ETA: I also bought some Amazon. Mixed the mark a bit because I don't know what I Was looking at but didn't see the below-200 price when I checked it earlier this week. My dad mentioned it as a good buying opportunity and I agreed with the small price dip that still remained. I think the kindle fire will be hot, and Amazon is a GREAT company anyway.

5 Responses to “This & That”

  1. baselle Says:

    I've gotten a lot out of my stock investing, but again I'm really only comfortable with dividend stocks and reinvesting them. Owning a little makes the business section of the paper a new experience. Know when you want to get out of it!

  2. FrugalTexan75 Says:

    Hah! I love how the threat of losing extra schoolwork is an incentive to behave!

  3. snafu Says:

    Most investor buy stock believing it will increase in value. It helps to have a 'stop loss' in place so that if the stock loses a specific percentage, it's automatically sold; it's just as important to have a sell target, so that you take at least some profit from a significant increase in value.

    I recently bought Ford stock thinking they are making a profit and people are tired of being frugal.

  4. MonkeyMama Says:

    Ford is another good one (in the *buy what you know* vein). Thanks for the reminder!

    We've been super impressed with our 2001, and hear a lot of buzz about Ford Sync, and their newer subcompact car (Fiesta?), etc.

  5. baselle Says:

    Ford (F) is also thinking of re-activating its dividend next year. Its on my radar also. Again, buy what you know and in the investing style that you know.

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