August 2007 Financial Asset Roundup

Here are my current financial assets as of the market close on August 10th, 2007:

Asset	July 2007	August 2007	Change
Checking	258	470	212
Money Market	40,071	52,545	12,474
Savings Bonds	4,558	4,575	17
Treasury Bills	0	9,000	9,000
CDs	58,361	58,600	239
Brokerage	105,880	105,222	-658
401k	105,365	100,019	-5,346
Roth IRA	34,315	33,063	-1,252
SEP IRA	175,906	172,515	-3,391
529 Savings	35,701	34,868	-833
Credit Card 0% Balance Transfers	0	-19,075	-19,075
Total Assets	$560,415	$551,802	-$8,613 (1.5%)

Thanks to the mortgage meltdown, the S&P 500 index has continued its downward trend to the tune of about 4% since my July 2007 update. My bottom line took a considerable hit, although that number was softened a bit by an additional 2007 SEP IRA contribution:

(chart courtesy of msn.com)

I did make a couple of moves over the past month though. First, I took advantage of a 0% balance transfer offer on my spare Bank of America WorldPoints Mastercard. I will be borrowing $19,000 at 0% until February 2008, and will have that cash sitting in a high yield money market account until then (while making minimum payments). I also put $9,000 into a 28 day T-Bill earning a 5.5% tax-equivalent yield. However, if the rumors of a FOMC emergency rate cut come true, then 5% yields on cash may soon disappear.