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A place for Get Rich Slowly readers to ask questions
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 Post subject: Kept one debt below recent increase levels. NT
PostPosted: Mon Jun 08, 2009 3:09 pm 
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Joined: Sun May 10, 2009 9:01 am
Posts: 320
Location: Canada
NT

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 Post subject: Researched MERs of a mutual fund I own..
PostPosted: Mon Jun 08, 2009 3:10 pm 
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Joined: Sun May 10, 2009 9:01 am
Posts: 320
Location: Canada
I think it is below average in cost, but is there a better way?

I looked at the main portfolio and I am starting to evaluate these companies.

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 Post subject: Cancelled unused Cell Phone number..
PostPosted: Tue Jun 09, 2009 7:59 am 
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Joined: Sun May 10, 2009 9:01 am
Posts: 320
Location: Canada
..after years of having a great and memorable phone number for my wife, she no longer had use for it.

I was reluctant to lose the number since it was so easy to remember. But I was paying a standby charge per month which was unavoidable. So, today I cancelled it and put it back into "The Matrix".

Savings: $11 per month.

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 Post subject: Disputed 3 month old charge on my Amex..
PostPosted: Tue Jun 09, 2009 8:00 am 
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Joined: Sun May 10, 2009 9:01 am
Posts: 320
Location: Canada
..for $226 for Fido accessories which should not have been charged to begin with, as I was using points to purchase the accessories.

And, I did not even get the accessories. So, double whammy.

Amex will investigate.

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 Post subject: Updated family balance sheet..nt
PostPosted: Wed Jun 10, 2009 3:56 am 
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Joined: Sun May 10, 2009 9:01 am
Posts: 320
Location: Canada
nt

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 Post subject: Paid down $350 on RYLC debt leaving $83,600 NT
PostPosted: Wed Jun 10, 2009 3:56 am 
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Joined: Sun May 10, 2009 9:01 am
Posts: 320
Location: Canada
NT

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 Post subject: Listened to Charles Brandes, Value Investor, for 1 hr..
PostPosted: Wed Jun 10, 2009 3:57 am 
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Joined: Sun May 10, 2009 9:01 am
Posts: 320
Location: Canada
..good guy. Glad we're partnering with him.

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 Post subject: Found great source of Benjamin Graham materials..
PostPosted: Wed Jun 10, 2009 3:58 am 
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Joined: Sun May 10, 2009 9:01 am
Posts: 320
Location: Canada
..proudly Canadian!

http://www.bengrahaminvesting.ca

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 Post subject:
PostPosted: Wed Jun 10, 2009 9:09 am 

Joined: Tue Aug 05, 2008 3:22 pm
Posts: 548
Location: Northern CA
Rick, what does "NT" mean?

Sandi


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 Post subject: NT means No Text...no further info in body of message...
PostPosted: Thu Jun 11, 2009 3:45 am 
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Joined: Sun May 10, 2009 9:01 am
Posts: 320
Location: Canada
..hope that helps! :D

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 Post subject: Updated family Balance Sheet NT
PostPosted: Thu Jun 11, 2009 3:46 am 
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Posts: 320
Location: Canada
nt

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 Post subject: Worked out + read Benjamin Graham's Intelligent Investor..
PostPosted: Thu Jun 11, 2009 3:47 am 
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Joined: Sun May 10, 2009 9:01 am
Posts: 320
Location: Canada
..his 2 company comparison chapter is very instructive into his analysis of stocks. The book is great!

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 Post subject: Listed an item on eBay..
PostPosted: Thu Jun 11, 2009 3:49 am 
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Joined: Sun May 10, 2009 9:01 am
Posts: 320
Location: Canada
..still have about 20+ pcs in stock.

Part of my 2009 goal to address business slow moving inventory.

Retail is tough! :shock:

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 Post subject: Paid down $100 on TDLC debt leaving $9500 NT
PostPosted: Thu Jun 11, 2009 3:50 am 
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Joined: Sun May 10, 2009 9:01 am
Posts: 320
Location: Canada
nt

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 Post subject: Asked my mentor why he uses a Trust..
PostPosted: Thu Jun 11, 2009 3:55 am 
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Joined: Sun May 10, 2009 9:01 am
Posts: 320
Location: Canada
..he mentioned he bought a house for his daughter and put it in a Trust.

I asked him after the session, why put it in a trust?

He said, in case he ever got sued, the asset would not belong to him. It belongs to the Trust. They cannot get at it. The beneficiary is his daughter.

I was surprised and delighted at the sound thinking regarding such a large asset. I asked him "so can you put other things in the trust?". He smiled and said he puts almost everything in a trust.

That's what rich people do. That's what I will do. I will call my lawyer about setting up a Trust for my daughter.

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