After considering all our investment possibilities, we have decided to put our extra cash into food.
We started this investment plan a few months ago when we got our $1200 economic stimulus check that we were supposed to spend in order to boost the economy.
We took our check to Shop Rite. In exchange for our $1200 check we got four $330 gift cards – a 10% return. We didn’t know where else we could get a guaranteed 10% return, so that was great.
As the price of gas soared and the cost-of-living sky rocketed, food as an investment looked better and better. We already owned several food stocks and bought one more as the market tanked.
We started to stockpile additional food on sale, increasing our savings with the judicious use of double coupons. When Smucker’s Strawberry Jam went on half-price sale and we had a coupon, we bought two jars to store in the pantry. As the weeks passed, we added half-price pickles, ice-tea mix, frozen meatballs, and soap.
These investments have done much better than any others we have, so we’ll just continue on.
And we don’t have to buy toilet paper all winter.
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The Wall Street Journal apparently had the same idea in April:
"I don't want to alarm anybody, but maybe it's time for Americans to start stockpiling food..." - WSJ, April 21, 2008, by Brett Arends
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1 comment:
Sounds like a great idea. Thank you for commenting on "my little red wagon" entry.
Have a great day.
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