QE2 and low rates

According to George Will, QE2 (quantitative easing) was accomplished by the Fed buying 70% of new the Treasury's new issues of debt.  Rates will have to rise in order to sell all the issues once QE2 stops in June 2011.

If interest rates are kept low, this stimulates things, such as housing, that are interest rate sensitive.

cutting expenses

Today I told Ann to stop the following services in order to save money.  We have lost the Mexican restaurant at Cotton Plant and will lose Swaffer insurance and K & F Wireless in a month or so.  So I am cutting back.

Mirror Lawn - sweeping service at CP every sunday night - $200 per month
Herbi systems - weed spraying at CP - $100 per month
Green Meadow - fertilize and weed kill at Shamrock - $200 per month
2011-04-04 Also stopping Grisanti's landscaping at Shamrock.  He was cutting grass and maintaining flower beds. -- $480 per month.

Total savings is $980 per month.

GTNC - sold intermediate bonds and total bond fund

Today I sold:

approx $54,541 Total bond fund
approx $24,339.98 Intermediate term investment grade fund

bought:

VFSUX - short term investment grade bond fund

Total bond fund has too much US treasury stuff in it and wanted shorter duration than intermediate fund.

GTNConstruction

bought GLD and CNDA in T Rowe acct

Today I bought approx $50,000 of GLD and $50,000 of CNDA in T Rowe Price acct.

GLD - bought 374 shares at 133.95
CNDA - bought 1395 shares at 35.76

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bought CNDA small cap canadian fund

Today I bought 4002 shares of CNDA at $33.70 per share.  Order total was $134,987.46 plus commission of $7.95.  Bought for my personal account at Fidelity.

bought stocks for Macon road

20-Dec-2010



Sold Vanguard total bond fund (VBTLX) and prime money market (VMMXX) and bought Vanguard S and P 500 (admiral shares) and Vanguard Small cap (admiral shares).  Split the money 50-50 between SP 500 fund and Small cap fund.

Sold Total bond fund (VBTLX) -- approx $530,100
Sold Prime money market VMMXX -- approx $288,884

Bought Vanguard S and P 500 (VFIAX) - $115.31 -- 3554.39 shares  -- approx $409,856 total
Bought Vanguard Small Cap (VSMAX) -  $34.97 -- 11,747.78 shares -- approx $410,820 total

Bought stocks for NBC

In mid December 2010 bought about $100,000 of each of the following stocks for NBC
Amerigas Partners LP -APU - $48.3299-- 2070 shares
Conoco Phillips - COP - $64.48 -- 1550 shares
Johnson & Johnson - JNJ - $61.818 --1617 shares
Kraft - KFT - $30.65 -- 3263 shares

Altria - MO - $24.57 -- 4070 shares
Merck - MRK - $35.98 -- 2779 shares
ATT - T - $28.76 -- 3477 shares
Walmart - WMT - $54.28 -- 1842 shares

Google - GOOG - $591.81 -- 169 shares
McDonalds - MCD - $77.13 -- 1296 shares
Proctor & Gamble - PG - $63.65 -- 1572 shares
Autozone - AZO - $264.70 -- 378 shares

Bought about $100,000 of each