Jack's Cash has Moved!!

I decided to get serious about this blogging thing and now have a new website where my blog will be maintained. If you could all update your bookmarks to me to point to JacksCash that would be great.

Website: http://www.JacksCash.com
RSS Feed: http://feeds.feedburner.com/

Hopefully this isn't too much of an inconvenience for everyone but hopefully my new site will be much much better!!

See you at the new place.

Jack
Jack's Cash

Qualified for ShareBuilder Bonus!!

Well after making my purchase yesterday I got a confirmation email from sharebuilder that I qualified for their $50 bonus!  This has been a really good month for my net worth.

You have met the requirements of the iplanlife ShareBuilder promotion and will receive your $50 promotion within 4-6 weeks.

Promo Code: IPLANGIFT

If you have any questions, please contact Customer Care.

Thank you for selecting iplanlife ShareBuilder!

Sincerely,

The ShareBuilder Team

I'm a Shareholder!!

Well one day before I turn 8 months old I am officially a shareholder in the stock market. How exciting!! Not only that I own part of Exxon Mobile, General Electric, PFizer, Johnson & Johnson, Microsoft, Intel, CitiGroup, and Bank of America just to name a few.

Now hold on in my last post I told you I only had $250 to invest, how could I possibly own shares in all of the above companies with only a measly $250 to invest. Well you might have guess it, I invested in a mutual fund, and just not any kind of mutual fund....an index fund.

I invested in VTI which is a Vanguard EFT (Exchange Traded Fund) that tracks the performance of all the U.S . common stocks traded regularly on the NYSE, AMEX, or OTC markets. I actually own a small share of 1,300 of the largest stocks on the US stock exchanges. This means that I will come very close to matching the performance of the stock market as a whole (which has been roughly 10% a year over the last century), which is much better than my ING savings account or my Savings bonds. We'll see how things work out but I will likely move more of my money over time into the stock market as I am pretty much guaranteed superior returns.