Mysterious Banking Deposit

[David]

Originally Posted by HejiraNYC

Argh... I'm so stupid. False alarm. It is mine. Long story short, one of my company stocks merged with another company and the stocks converted automatically yesterday on a 1:1 share basis, so these are the net proceeds from that trade. This is silly... they should have just re-invested the net proceeds, but they didn't! Still... the reps at the bank were dumbfounded and transferred me three times before someone could figure out what happened. Well, I s uppose it's all for the best... this new stock/company is a total dud- they've been in the toilet for over ten years now.

Be sure to set aside the taxes for it in a 6-month CD.

[HejiraNYC]

Originally Posted by David

Be sure to set aside the taxes for it in a 6-month CD.

You know, I would probably be a rich man if I actually paid attention to stuff like that. The rate of return is probably not that much- maybe 1-2%. But a few bucks here, a few bucks there... it all adds up. But then again, I pay half of my income in taxes anyway, so it just means more for Uncle Sam... Eh... it's not worth the hassle...