Monday, October 29, 2012

Queuing to buy F&N bonds 3.15%

As per my weekly routine, I am queuing to buy F&N 3.5% bonds at $1 per unit.  This strategy is called "waiting for a rabbit under a tree".  My broker has this feature "good till date", that allows me to queue for a counter for a week.  It may take more than a month before i get to buy it.  That makes it so much more satisfying - as I will be buying at value.