Amanda Stanhaus

Tag: win

Recycling my iPhone

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My old iPhone is now someone’s new iPhone.

I participated in Apple’s recycling program and I want everyone to know about it!

I brought in my trusty 2+ year old iPhone to the Apple Store. They assessed how good-as-new it was, wiped it clean, and gave me a gift card for $80 in exchange to be use for my new iPhone.

I minimized my e-waste, helped out a fellow frugal iPhone fan, and paid even less than I was expecting for my new iPhone.

Win-win-win!

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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

Money Market Mutual Fund

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I went toe to toe with Babe’s boy and won! I love when women win sword fights.

Money market deposit account vs. Money market mutual fund, which is FDICinsured?

(click on the bold-faced vocab word:))

Babe’s boy WRONGLY believed both were FDIC insured.

My magical memorization skills helped me with my win.

Money market deposit accounts are higher-than-usual interest earning, limited withdrawal accounts. Offered by a bank. FDIC insured.

Money market mutual funds similarly are higher-than-usual interest earning, limited withdrawal accounts. Offered by a mutual fund. Not insured by FDIC.

These mutual funds invest in liquid, short-term investments. Think treasuries. As with all mutual funds, your investment is at the mercy of the markets, and is not FDIC insured.

Both are ideal investments for those who withdrawal infrequently and are looking for higher-than-usual interest payments. Handy for say an emergency fund. But fully understand the risks and rewards of deposit accounts vs. mutual funds.

Good luck in your sword fights! Go girls!

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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

Good vs. Bad Debt

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All debt is not bad.

(click on the bold-faced vocab words:))

Owing anything to anyone can bring out the scaredy cat in me. Responsibility! Commitment!

Extra ew when interest payments are involved.

For me, the reason why is critical to good decision making.

I will use this loan to fund…

  • my master’s degree, to land my dream job.
  • my home, to have a safe place for the rug-rats to play.
  • my car, to make my commute easier.
  • my peep-toe platforms, to win over that trust fund baby. He likes toe cleavage.

Will the loan realistically create an opportunity to add to my $$ once I’ve paid off the principal plus interest?

I decide what’s good debt or bad!

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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

How does Mr. Buffett Consistently Pick Winners??

“To invest successfully over a lifetime…what’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework.”

Warren Buffett,  Preface to The Intelligent Investor.

(click on the bold-faced vocab words:))

Warren’s favorite framework is value investing. Benjamin Graham wrote the definitive book, The Intelligent Investor.

Here are the book’s highlights:

Speculators and Investors are NOT the same!

“The speculator’s primary interest lies in anticipating and profiting from market fluctuations. The investor’s primary interest lies in acquiring and holding suitable securities at suitable prices.”

Diversification and Margin of Safety are best friends. Both make investing comfy.

Diversification is an established tenet of conservative investment. By accepting it so universally, investors are really demonstrating their acceptance of the margin-of-safety principle, to which diversification is the companion…And a  true margin of safety is one that can be demonstrated by figures, by persuasive reasoning, and by reference to a body of actual experience.”

Buy at the right price (time) will cause you to laugh (cry) to the bank.

Regardless of market swings, the way to profit from pricing is, “to buy stocks when they are quoted below their fair value and to sell them when they rise above such value.”

Want the most money? Be Brilliant.

“The maximum return would be realized by the alert and enterprising investor who exercises maximum intelligence and skill.”

Interest piqued?  Here is the copy I read.
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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)