Archive | 2.33

Milk Run

4 May

Our freezer was stocked up on frozen meat:  ribs, wings, chicken drumsticks, pork chops.  But our fridge was lacking milk and vegetables.

It was time for a milk run plus some other goodies!  I have a gift card to use at Costco, so I went there after work to pick up a few items just the other day.  Four items ended up costing me $25.28!  Spending sure does add up.  My guilty purchase was Haagen Dazs bars.  It was on sale for $11.49 from their regular price of $14.99.  Each bar cost $1.28 before tax.  I had one tonight, and it was so worth it!

Breakdown on what I spent at Costco:

  1. Milk- $4.63
  2. Asian Affair Pre-Mix Salad- $4.79
  3. Spinach Spring Mix- $2.99
  4. Haagen Dazs (9 bars)- $11.49 (Sale)

Costco is an exclusive warehouse retailer that charges a membership fee to their customers for shopping at their big box stores.  They are extremely popular and have a  loyal customer base.  Why are these people paying $55/yr for Gold Membership or $110/yr for Executive Membership just to shop there?  Costco focuses on selling products at low prices, often at very high volume. These goods are usually bulk-packaged and marketed primarily to large families and businesses.  People shop there so they can save money or so I think!  I must admit, Costco has a really good deal with their quarter pound hotdog and pop for $1.50.  Their fries are to die for as well!

I am thinking to myself as I browse through their aisles, “Am I really saving that much by shopping at Costco?”  Look at the price of the milk, I thought milk would be a little cheaper at Costco than other grocery stores.  But I think $4.63 for a four liter jug is comparable to stores like Superstore or Walmart where anyone can shop there!  Maybe if I crossed the border to shop at Costco, it’ll be more advantageous.  Everything down south is much cheaper from gas to cheese, and I would assume milk as well!  It’s not fair, why do I live in such an expensive city?

All I am saying here is Costco is not the best deal in town unless you spend a lot in groceries and love to buy stuff.  Personally, I would not be a member of Costco as I am minimalist.  Sure, I would tag along with  a friend who has membership to shop there from time to time, but it’s not worth my money to pay Costco to shop there!  I don’t spend enough to make it worthwhile.

Bloody Hell!

4 May

May has certainly lived up to its expectations.  The saying goes, “SELL IN MAY, GO AWAY!” with the notion that investors should cash in their investments and take the summer off.  Historically, summer time seems to prove to be the worst performing months of the year in the stock market.

In the meantime, I have sold positions in COS.TO and POT.TO to free up some cash.  However, I have dug myself a pretty big hole in my margin account.  My latest buys of AAPL and CLF have faltered and in the steep path for margin calls.  My optimism for the stocks to rebound has been short-lived.  This goes to prove that the market is unforgiving and you should always take precautionary steps to protect yourself.

If I see an opportunity to jump in, I will.  For now, I hang onto my stocks for dear life.  I shall take a buying break from the market, and see how the market will churn out in next week.