The TMFDeej Quarterly Charity Challenge
Good morning CAPS friends. I am going to keep this post short, but sweet because I m absolutely swamped with work this week. I have made a lot of positive changes in my life over the past several years. One of them is trying to give back more by donating to charity. I am also trying to involve my two young boys in the process as well. When I recently won my fantasy football league, I donated a portion of the winnings and I let them pick the charities that I split it amongst. I think that it was very worthwhile involving them in the process, telling them about how blessed we are to have such a wonderful life and about who we would be helping.
So inspired by RD80's post where he donated money to charity for every comment his post received, I have decided to set up a charity challenge for myself here in CAPS. No, I'm not donating a dollar for every rec that I receive. I do enjoy receiving recs, but not for the reasons that I used to. Years ago I would post political cartoons and things in this blow just because I knew that they would generate recs. Now I like getting them more because it just helps me to know that people are actually reading my posts. In stead of recs, I have decided to donate a certain amount of money to charity for every CAPS point that I earn in my portfolio this quarter to charity.
I am using the quarter rather than the year for several reasons. First, I have no idea how much this is going to cost and I don't want to end up donating a million dollars that I don't have. Second, it increases the frequency that I can discuss the philanthropy with my kids. So, how much per point should I give? I have decided to go with $0.25 per point, with a minimum of $100. I plan on having an amazing quarter so the minimum shouldn't matter, but I set the minimum just in case. We can adjust the amount per point next quarter if we need to.
So there is it. I'll set the starting point value at 5,200 and the end date at 3/31/13.
I need everyone's help though for two things. One I would like nominations of worthy causes that I can donate to. I will put together a list of them and let my young kids choose the winners. And Two, I need market-beating stock ideas.
So there it is. Thanks for reading everyone! Have a wonderful day.