Thursday, March 25, 2010

Redeemed shares at T Rowe Price and Bought JNK at Fidelity

Today redeemed $100,000 from US treasury fund at T Rowe.  They will send check to office.  I will distribute to myself and GTN.  I anticipate getting a total of $300,000 out of Hacks Cross TRP account so partners can invest it on their own for more yield.  So there is $200,000 more to redeem after today.

I also bought $50,000 more of JNK (SPDR Barclays high yield) for my personal acct at Fidelity. Money came from money market account at Fidelity.  There was $59,000 in money market fund, so after this trade there will be about $9000 left.

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