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#1
04-09-2007, 06:45 PM
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The Forever Stamp
http://www.cnn.com/2007/US/03/19/pos....ap/index.html
so this stamp is 41 cents, is this a good investment oppurtunity or am I crazy? 
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#2
04-09-2007, 06:48 PM
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Re: The Forever Stamp
[ QUOTE ]
http://www.cnn.com/2007/US/03/19/pos....ap/index.html so this stamp is 41 cents, is this a good investment oppurtunity or am I crazy? [/ QUOTE ] Heck, with the number of letters I mail every year, I'd save almost a whole buck over my lifetime!
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#6
04-09-2007, 08:06 PM
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Re: The Forever Stamp
[ QUOTE ]
quids, I bought $4 million worth at the post office last week. [/ QUOTE ] El D, I think a better strategy would have been to put the $4 million in tax-free munis until the PO announces the next stamp increase (probably some time in 2009). Then you will be able to buy ~$4.3 million worth of 41-cent forever stamps.
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#8
04-09-2007, 08:12 PM
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Re: The Forever Stamp
You couldnt do that though, youd have to buy 4.3 million of the 45-cent (or whatever) stamps in 2009. You gotta buy 4 million worth of 41 cent stamps now, then in 2009, you could sell them for 44 cents a piece. Your investment is safe eld.
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#9
04-09-2007, 08:22 PM
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Re: The Forever Stamp
[ QUOTE ]
You couldnt do that though, youd have to buy 4.3 million of the 45-cent (or whatever) stamps in 2009. You gotta buy 4 million worth of 41 cent stamps now, then in 2009, you could sell them for 44 cents a piece. Your investment is safe eld. [/ QUOTE ] Wrong. From the USPS Website. "Once prices change May 14, the Forever stamp will remain on sale at the 41-cent First-Class one-ounce letter price until the next price change. The Forever stamp will then be available at the new price. " guids, I hope for your sake El D didn't follow your advice. If he did, I suggest you have someone else open up any medium sized packages you might receive that contain no return address and are postmarked with Forever stamps.
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