Wednesday, August 19, 2009

CIT finale

It turned out that CIT did not file for bankruptcy and it redeemed my bond. this is my first redemption. E*trade just put the face value ($1000 per bond) to my account, no commissions. it recorded it as an investment gain. wow, a gain after all this! almost 7% in over 8 months, i.e. over 11% APY. not bad.