Monday, October 5, 2009
After much deliberation about how to invest the Sidewalker Fund a decision has been reached. After careful consideration, and taking into account the amount of time it has taken to amass the cash, there was really only one option left at the end of the day.
I ruled out buying shares, as the transaction costs were prohibitive. I liked the idea of buying a silver bullion coin, but the cost of shipping and handling was prohibitive. I loved the idea of going to Atlantic City and playing roulette with it, but the cost to my relationship with Mrs Sidewalker was prohibitive. The idea of trading in Mario's Pizza credit was intriguing but the moral and ethical implications were prohibitive.
So that left me with one option, the Certificate of Deposit. Today I entered into an agreement with ING Bank, I bought a $20 12 month CD with a yield of 2.10%. I know it's not sexy but it is safe, besides when has getting rich slowly ever been sexy? On 5th October 2010 the Sidewalker Fund will be 43 cents richer when the CD matures. I have a year to figure out how I'm going to represent those 43 cents in My Cash Trail Map to the right!
-Current balance $22.90