Are people really stocking up on the Forever Stamp?
In a couple of years when the price of stamps goes up another $0.02 or so, you would have to buy 500 stamps in one year before you would be able to save $10 today by stocking up on 500 of them today. 500 stamps would cost you $205 today. If you invested that $205 in a cd that made 5% interest for those 2 years, you would make $21.01 in interest. By investing in a cd for those two years, you have doubled your savings from $10 to $21. Let’s say you really wanted to jump on this and buy 2000 stamps. If you used about 100 stamps per year, you would have about 20 years worth of stamps. That would cost you $820. If you invested $820 in a cd making 5% interest over 20 years, you would have $2175! If you bought these 2000 stamps, you might save $100 over 20 years and that is being generous by accounting for more rate increases. So you would come out $2075 on top by investing! The best part is, you don’t have to keep up with the stamps! I say all that to say that investing in stamps is not a go
