Monday, February 25, 2008

On saving money

So for Christmas I got my mother this nice brushed stainless steel toaster oven pictured above to replace her 20+ year old tiny rusty toaster oven. She loved it and claimed she didn't know how she managed without one for so long (*pops collar* yup my gift was great :p). Anyway since my birthday was last week and they had no idea what to get me they asked if I wanted a toaster oven too, how original. What was funny was that she asked me if I wanted the same one or a cheaper plastic model which costed 1/2 the price.. and she was serious. Silly questions aside I am now less one item away from having a fully stainless steel kitchen.

On to the matter of closing investment accounts.. intrest rates have been trending up but I noticed that it wasn't trickling down to me. So I called my bank and pointed it out to them and they told me they don't know when they will adjust their rates and they don't do private negotiations. I then enquired as to what kind of penalties I would face in closing my account, she answered then she swiftly ended the call.. she probably didn't even hear me say bye. So I drove over there on the way home from work to tell them cya and it was a different story. After much boot licking and time wasting I rejected their 100 point increase and was on my way to their competitors to build my cd ladder.

On to the matter of me being a bank, recently a friend asked me for a 7 figure($#,###,###.##) loan.. really now. He wasn't broke just having liquidity issues and made the terms of the loan very attractive but as I said before I'm not willing to take on that form of risk. It didn't really speak much for his "investment club" that every John and their dogs are starting these days which he was trying to get me to invest into.

10 comments:

Yatta said...

I've been looking on the toaster over for some time now. Just haven't gotten around to purchasing it as yet.

Tami said...

These financial institutes in Ja. makes it so unattractive for you. If there was the option for watching your money growing while having it under your bed, many would take it up and not invest in these shitty banks and fin houses. And then they have the audacity to speak of "great" customer service. pssh!

Toater oven? What does it do?
I have a sandwich maker and a toaster,stove/oven is it a combo of them all?

GC said...

hmph
good point about the bank

but whatever happened to pardner--that was a great honest way to try to save a little money providing the pot wasn't so big somebody would try to run away with it.

Crankyputz said...

Finally a man sensible with his money.

Stay away from those pyramid Schemers...

SimplEnigma said...

Ooh, Happy Belated. You have the same birthday as my niece.

I LOVE ladders. Bond ladders, CD ladders...if I could do that with every investment I own, I would.

Good thought on the becoming a lending institution. My mother always says "if you want to get rid of someone, lend them some money". Real talk.

Ann (MobayDP) said...

lol @ the toaster oven. That model in the picture is the very one I got my father for christmas :-D

Adrian said...

@tami: it's just a mini oven.

@gc: pardner lol never really understood that. I'm hearing less about those these days.

@ann: we have good taste :D

I need to figure out what to do with it now.. lol

Mad Bull said...

So, Adrian, are you saying you could afford to make such a loan? I mean, forget my age, I am available for adoption, you know!

Irie Diva said...

lol im with MB! or maybe we cud hook up? uhm...well...no never mind that option :P

i was thinking about those toaster ovens too but maybe i shud just get me and actual stove...

owen said...

I always suspected that iriediva didn't need a stove or any form of cooking utensile with all them parties dat she go.

@Adrian what about your interest rates in your savings account? is there any solution to that dilema?