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September 11th, 2009 at 07:52 pm

**Well, my 5.5% CD matures in September. I thought it was October. Glad I was on top of things - it was end of September. Ack. But got all the paperwork in to roll it over to my brokerage. It is a CD in a ROTH.

So, I made out well for the short time that interest rates were "decent." They haven't been most of my adulthood, that is for sure.

(I Also spent most of 2007/2008 earning 6% on credit card arbitrage).

I was actually going to roll my CD into a mutual fund in 2006, but at the time, I saw a great deal on this CD - for THREE years. I decided to go for it. I had a feeling this whole housing mess would implode. I didn't expect it to be so hard and fast. Funny enough, I regretted this decision early on...

Of course, the market has been so hot lately. I don't know. I am just transferring it into cash. If the market is significantly lower than 2006 (hard to say without looking at it) I will just buy into stocks. If not, I may slowly buy in. I have a little research to do.

Has my attempt at market timing panned out? Perhaps. All I know is I am consolidating my retirement accounts further, and don't plan to chase CD rates any further. It's pretty much a PITA. When rates improve, I will chase them in my taxable accounts. But no more of this CD ROTH business.

This CD is an old relic from my "young and saving my retirement in cash, because I didn't know any better" days. I am ready to move on.

(Hmmmm, DOW was 10,600 in Sep '06 and is currently 9,600. I can't help but feel I Would be better off waiting a bit though. But, I don't know. Will see where the DOW is at when the money appears in my account!)

Truth is, I have come out ahead and should just invest it! I shouldn't be greedy - I already leveraged this CD for some low stock buying - in the DOW 7k range. I took some liquid ROTH cash and bought at some of the low points. This CD will refill my ROTH Efund Cash reserves. I am relieved it is maturing, for that reason.


**Education - isn't that a hot topic lately?

I am so PLEASED with BM's education right now. 1st grade has far exceeded my expectations. I am sure this is one of those areas where "luck" plays a part, but GOOD, affordable education is extremely important to dh and I. It is something we will always strive for. Certainly didn't fall into our laps. While so many friends and acquaintances were so concerned with "appearances," our attention to true substance has paid off.

But yes, the school has certainly talked to talk. Their walk has exceeded my expectations and I am so happy for that.

I also feel extremely alone in my feelings. When I rolled my eyes about acquaintances misinformed ideology on class sizes, I realized this year maybe I Was too narrow minded in my thinking. With the economy as it is, and budgets being slashed, class sizes are growing once again. (All schools in our district have increased class sizes, but the Charters who are hanging on to small class sizes for dear life).

Maybe the private school crowd had it right? Or did they? I have friends who are leaving Private schools because they are so under-enrolled this year. Isn't that interesting? My one friend actually prefers public school, but the private school is cheaper for full-time care (cheaper than after school public care). So, she has stayed, but she is worried about there only being a handful of children in the class. Her school is not known for doing well with the higher grades though. She just wants out before her child hits 3rd or 4th grade. & also doesn't want going from a class size of 10 - to 30 - to be a shock. !

Anyway, everyone seems to have educational worries these days. Public private, etc.

It's not all roses for us. The assigned middle school leaves much to be desired. But, that is so far off. I can only take one thing at a time. Who knows, those whoas may all be resolved in 5 years anyway... & there are certainly other affordable options than our "assigned public school."

(I forgot to mention - because of my friend I did look up after school care costs. Yowsers!!!!! More affordable than preschool childcare? Yes, but not by much. Dh can stay home a few more years. Yeesh).


**Um, I learned something new?

When I last checked my credit report, it occured to me that some of that stuff should start dropping off soon. Didn't we refi out of our first mortgage in 2000? Why would that still be on our credit report, anyway?

I went on a quest to learn more about credit history and such.

I was surprised to learn that "bad stuff" drops off your report after 7 years, but "good stuff" stays on for 10 years, after an account is closed.


I had no idea.

I am continually perplexed by the misinformation out there about credit history, etc. But the truth is this, nothing has ever dropped off of our credit report. Everything we have ever had is still on there. Our many mortgages, and our many credit cards.

No wonder closing old cards hasn't amounted to a hill of beans as far as our FICO.

I also read uninformed forum talk about how it can take 20 years to build a 800+ credit score. Okay, yes it CAN. But if you pay all your bills on time, it is possible to get there in just a few years. It does NOT take 20 years!!! The discussion was about how fast it could happen. Seriously.

So basically, since I always close an old card when I open a new one, and none have dropped off my report, than my FICO score is none the wiser. Thing is, by the time my 10-years-closed cards drop off, I have already built 10 more years of credit history.

So, does it really matter? My experience has been no, but this points out why.

Obviously everyone's situation is different. There are other factors at play. But, yeah, I learned something new.

I guess our first mortgage will drop off our credit reports in the middle of 2010. But we have 10 years of on-time payments to show for it, since.

What will be interesting to see is what happens when my first credit card drops off. I closed it around 2006, after having it for over a decade? Then again, I tend to keep my cards about 10 years before something better comes along. Could be worse if I switched cards every year? But averaging 10 years doesn't seem to matter much.

Yeah, I am not losing sleep over it...


**Extra-Curricular Stuff

BM is worn out by karate. He LOVES it, but it is on a bad day. The long school day isn't jiving with it.

I am sure I could find him more expensive classes elsewhere. On a better day. Ugh. But I really don't want to. Will see! (Price just doubled since he turned 5, as is. For 2 hours vs. 0.5 hours per week. HE only goes one hour a week since it's a bit of a drive though).

He did get into his other extra-curricular class, after all. The school opened more classes due to high demand. Another $80 down the drain.

Of course, that was before this karate development? At least this class is less physical.

Piano... Was I supposed to be teaching him that? It's been frustrating getting into homework habits and practice habits. Too much at once?

BM always begs to stay after school with "the other kids." But he whines when he can't come home and crash. Which is understandable - such a long school day for a small child. I'm afraid he doesn't know what he wants. Wink

We didn't sign him up for soccer because it started at the same time school let out. ! I now think it was for the best.

I am definitely not one to over-book my child. He loves sports. We think it's important he learns music (he is interested). & he's still at that stage where we are just "trying new things." I guess it just happens, huh? I guess dh and I hated sports, so we didn't have to choose. BM has more to juggle in that regard. Throw in a long school day, and here we are.

1 Responses to “Tidbits”

  1. frugaltexan75 Says:

    Finding that balance between keeping a child tired out *just enough* and *too much* is difficult. It sounds like you guys are doing a good job though of figuring it out.

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