Saturday, March 24, 2007
Forever Stamp and Investing
While the post office is coming out with a new forever stamp, this new forever stamp doesn't constitute a sound investment. First and foremost, you can get better returns by simply placing money into a high yield savings account. Furthermore, trying to sell the forever stamp in the future would not yield the gains you may imagine it could make due to fees associated with selling the stamps plus the fact that you probably won't be able to get the full face value of it on the secondary market. Use forever stamps as a convenience tool so you don't need to make as many trips to the post office when postal rates change, but not as an investment.
Posted by savingadvice at 7:54 PM