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Payday

May 22nd, 2014 at 02:00 am

DH's pay came 2 days ago, normally I would put some of it to the mortgage but this time around DH used more than $3500 of it to buy more shares. He received an entitlement offer earlier in the month for this share and it is due on Friday. Now that our mortgage is only around $50K we are not as worried of the interest we pay per month. I'm actually thinking of hoarding cash instead of pre-paying the mortgage every month, I think I might just save it and then pay a big amount at the end of the year.

Anyway, this share offer is for $6.75 per share but right now it is at $7.38 so not a bad offer.

Another reason that I want to hoard cash right now is because DH is a bit iffy about his job. Hopefully things will improve at his work but just in case.

Posted in Mortgage | 2 Comments »

2 Responses to “Payday”

  1. Nika Says:
    May 22nd, 2014 at 02:00 pm 1400767213
    1400767213

    I'd buy the shares too. Are you precluded from selling them for a specific amount of time?

  2. Shiela Says:
    May 23rd, 2014 at 01:58 am 1400810321
    1400810321

    We haven't got it officially yet but we should be able to sale it right away once we get it. Although they are paying dividend next month so we might wait after that. Just going to wait and see.

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