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My Favorite Time of the Month.....
Old 11-30-2009, 09:16 PM   #1
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My Favorite Time of the Month..... the last business day of the month (i.e. Monday, November 30th).

This is when my bond funds announce their monthly dividends so I will know how much money will be transferred to my bank's checking account electronically to pay my bills for the next 30 days.

I have two bond funds (including the "big" one from the proceeds of my former company's stock) pumping money into my checking account. This amount on a monthly basis is about the same as what I was earning from work in the last 17 months of 12-hours-a-week working. But I don't have to haul my sorry a$$ to New Jersey to get it LOL! That's the best part, of course, of being retired.

The only thing about these dividends is that they vary a little bit from month to month, so it adds a little spice to the end of each month. And once in a while, a price-per-share dividend gets removed and gets updated so I don't find out the actual amount until the next day. Either way, the money gets to me in 2 business days.

I do have to plan my cash flow for several months ahead because my health insurance is paid quarterly. But anything left over goes right back to the big bond fund which pays the highest rate of return.

FIRE is good........

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Old 12-01-2009, 01:28 PM   #2
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Good plan scrabbler1. As long as it makes you happy.

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Old 12-01-2009, 01:56 PM   #3
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Which funds are you invested in?
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Old 12-01-2009, 03:20 PM   #4
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The "big bond fund" to which I referred is Fidelity's Focused High Income Fund. It invests mainly in BBB and BB rated funds, at or just below investment grade but not as low-rated as those you find in a "junk bond" fund. The other bond funds I am invested in are various muni bond funds, a holdover from my working days when I was in a higher marginal tax bracket.
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