February 2008 Financial Asset Roundup
|Asset||January 2008||February 2008||Change|
|Credit Card 0% Balance Transfers||-18,075||0||18,075|
|Total Assets||$581,028||$556,321||-$24,707 (-4.25%)|
The market correction has continued since my last update, with the S&P 500 index falling by another 5.03% during that time:
(chart courtesy of msn.com)
And so it continues... Recession fears have led to an additional 1.25% worth of FOMC rate cuts and a 170 billion dollar economic stimulus package. I'm still staying the course with my savings and investments, and will finish funding my 2007 SEP IRA contributions before I file my S-Corp taxes (due March 18th). Another notable money move since my last update was paying off my 0% credit card balance since the promotional rate was about to expire. With interest rates for savings accounts falling along with FOMC rate cuts, it would seem that my timing was pretty good since I got out before my return on that cash fell below 4%.