December 17, 2008

Working To Increase Our Savings

With my wife's lay off come January 1st, and my company not doing so red hot, we decided to sell our 15 shares of Toyota Motor Corporation stock and add the money to our savings account.

We purchased the stock at $65/share on November 11th and sold for $68.16/share today. Because of a promotion E*TRADE is having, we did not have to pay the $12.99 fee to buy or sell, so we made $47.40 in 37 days. That's almost double the interest we earned last month on the ~$10K in our savings account.

In better economic times, I would have liked to hold out for a larger return, but it's nice to be able to add this money to our savings account for now.

2 comments:

J. Money said...

i hear ya brotha, ya gotta do what ya gotta do though! and good luck w/ the wifey's job interview, that's pretty damn impressive :)

1MansMoney said...

Thanks J.Money. The interview went very well. She should know more by the 31st. Even if it doesn't work out, it gave her a chance to dust off the resume.

-1MansMoney