Here is an investment for use for ancillary expenses: beer, horse races, etc. I don' t think they will let the bond insurer MBI go out of business. It is currentlly trading at~$3.50 a share and you can sell near month $4 call for $0.20. Buy a thousand shares for $3500, get $200 a month (5.6%). Isn't wealth, but is beer money (and not Blatz)! It made money for the first 3 Q of FY 2009 -- amazing! In the long run, it could even be a good investment. |
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