There is advertising campaign that has recently impressed me . Burker King has launched it's…
Forever Stamps – A good deal?
I received a call last night from a little birdy who kindfully reminded me that if I was late sending my mother a mothers day card to remember the price increase in stamps. I then passed this information onto a European friend who’s living in the states and for the first time just bought a role of stamps. He was deeply vexed when he found out about the price increase and went onto a nice rant on what a waste of time our system is.
I was then surfing digg tonight and came across this awesome post which asks if it would be a wise business decision to stockpile Forever Stamps.
If I purchased $1,000 of Forever Stamps today (2,440 stamps), I expect the value of those stamps in 30 years to be approximately $1,900, based on a 3.3% average stamp increase. I think there are smarter places to put your money. Even placing your money in a savings account is a better option. The major drawback in stockpiling Forever Stamps is your money doesnâ€™t compound, which is the better-than-gold standard of any smart investment strategy. $1,000 compounded at 5% over 25 years brings your investment to about $3,400.
Let me know what you think about this or if you enjoyed this post half as much as I did. Thank you to the other crazy people who took the time to do this analysis. I really digg this stuff.
This Post Has 2 Comments
Interesting post. I also dugg this link – very cool. Keep it up Kendall! Great blog
Thanks Matt! I enjoy the feedback and the kind words. Thanks for reading. – Kendall