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gamble

February 28th, 2012 at 11:17 am

I bought $5000 more in I-bonds maxing out the $10,000 total you can do in a year. I'm gambling that the inflation rate does not increase next month when it is announced and that this months rate will be higher.

Even though gas prices have been jumping like crazy, we had virtually negative inflation the last 3 months of last year. We've only had a month of high gas prices so I think the overall inflation rate will go down for the next 6 months. At least according to the government figures. We all know it's higher than what they say.

By buying before the end of February I lock in a 3.06% rate for the next 6 months. If the inflation rate goes up next month then I will have lost my gamble, but it's not that big of a risk because it's not going to be a huge increase or decrease. 1% on $5000 is only $50, and I'm taking the money from an account paying a measly .8%

Has anyone joined Amazon Prime for free on demand movies? If so, how do you like it?

I finished reading my book First Blood. Paranormal short stories - very good.

4 Responses to “gamble”

  1. frugaltexan75 Says:

    I'm an Amazon Prime member (student) but mainly joined for the free shipping (and the fact that it was free my first year!) If you have a .edu address, you can join as a student for free the first year, then $39/yr after that (not sure how long though.) I haven't used the free streaming videos because I mainly use Netflix.

  2. twest Says:

    I joined Amazon prime for the shipping and the video. I have finished watching Lost and Grey's Anatomy on the instant video. I do enjoy the prime but a lot of times you do have to pay for some of the newer shows. For example I love the new show Revenge, but as far a I know it is not available on Amazon for free. You do have to pay for it either per episode or by season.

  3. Beawealthywarrior Says:

    I don't know if I mentioned it to you but I also bought $5000 in Ibonds last month. I figured the rate is better than what I'm getting now even if I sell in a year. Thanks for the previous info.

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