April 2008 Financial Asset Roundup
|Asset||March 2008||April 2008||Change|
|Credit Card 0% Balance Transfers||0||0||0|
|Total Assets||$566,341||$575,076||$8,735 (1.54%)|
Market volatility is alive and well, with the S&P 500 index up by 0.58% since my last update:
(chart courtesy of msn.com)
We had some positive movement over the past month, mostly buoyed by Washington Mutual's $7 billion investment. In a "shocking" twist, inflation is starting to surface and oil has hit $113 per barrel. As far as personal money moves go, my Bank of America 5.15% APY 4-month CD has matured since my last update, and I will be moving that money to I Bonds by the end of the month. On a related note, the March 2008 CPI-U numbers will be released tomorrow, which will allow us to calculate the variable portion of the I Bond rate over the next year.
As an update to my personal recession watch, my relationship with the largest client of my IT services S Corporation has unfortunately ended. I am currently in negotiations with another client to increase my role there, so hopefully that is a sign that the IT business will not be hit as hard as it was in the aftermath of the bursting of the tech bubble earlier this decade.