Picking up Nickels

Friday, January 11, 2008

January 2008 Financial Asset Roundup

Here are my current financial assets as of the market close on January 10th, 2008:

Asset December 2007 January 2008 Change
Checking 420 509 89
Money Market 36,945 37,629 684
Savings Bonds 4,638 4,653 15
Treasury Bills 0 0 0
CDs 96,467 97,921 1,454
Brokerage 112,346 109,325 -3,021
401k 109,760 103,553 -6,207
Roth IRA 35,006 33,012 -1,994
SEP IRA 184,724 175,481 -9,243
529 Savings 38,157 37,020 -1,137
Credit Card 0% Balance Transfers -18,275 -18,075 200
Total Assets $600,188 $581,028 -$19,160 (-3.19%)



We've seen a market correction taking place since my last update, with the S&P 500 index falling by 6.31% during that time:

(chart courtesy of msn.com)

Recession fears, continuing FOMC rate cuts, and overall economic malaise make this an uncertain time for all Americans. I will continue to stay the course with my savings and investments, and will jump on deals like the recent Patelco CD deal as they pop up. My concern is that before long I will be looking at 3% APY CD offerings as an attractive place to stash short term cash.

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