Entries from June 2008

June 16, 2008

Our summer budget (Or: wedding season begins)

Jon and I are the last people to complain about big weddings. Ours had about 150 guests, and it was amazing. Sure, we had to mortgage our first born child in order to pay for it (or rather, our parents had to mortgage their first born grandchild). But it was worth every penny.
However, we are [...]

June 15, 2008

Hooray for free wireless

I’ve read about this company called Meraki, which is blanketing San Francisco with free wireless Internet access, but I have never experienced it until this weekend. Basically, Meraki sells routers. When a bunch of the routers are installed in buildings that are near each other, they create a wide network of wireless Internet access. [...]

June 11, 2008

The power of relativity

Jon and I consider ourselves to be pretty good with money. Compared to most of our friends, we don’t eat out a lot. We both try to bring lunch to work four days a week. We don’t have cable. I almost never go out drinking and Jon … well, he’s good with money too.
But the [...]

June 6, 2008

Why we sold Visa

A few weeks ago, we sold Visa when the shares reached about $82. (We bought the stock shortly after the IPO, at around $62.) Here’s why we sold:

The PE ratio was about 40, which is really high. By contrast, MasterCard’s PE is only about 34.
I talked to a friend whose advice I trust when it comes to [...]

June 2, 2008

Should we buy more GE?

A couple months ago, we decided to take $1,000 out of our emergency savings fund and buy shares in GE. The stock had dropped 12 percent after a weak earnings report, so it seemed like a good buy. We got it at about $32, and it’s now around $30. So Jon wants to buy more, [...]