Stealth Wealth

Today I wrote my biggest check I’ve ever written out of my account. I wrote a $2,000 check to my employer to pay for my 2008 ESPP contributions. I know I looked at that check more than 20 times before I put it in the envelope before I mailed it off. Even after putting it in the envelope I pulled out a couple more times to double check (25 times check) to make sure that I had written it out correctly along with the correct address. I’m paranoid on things like that for some reason.

Now I’ll have a little over $75 extra every paycheck. The company pays a little over 4% dividend so I’ll be making about the same as it sitting in my money market account. When economy straightens up and the banking industry gets settled from the sub prime mess I expect the stock will climb back up to where it was a year ago, which is about a 50% climb. My employer isn’t directly hurting from sub prime lending, but indirectly it is being hit as is most every company right now.