Picking up Nickels

Tuesday, April 15, 2008

April 2008 Financial Asset Roundup

Here are my current financial assets as of the market close on April 14th, 2008:

Asset March 2008 April 2008 Change
Checking 854 631 -223
Money Market 22,710 35,447 12,737
Savings Bonds 4,685 4,701 16
Treasury Bills 0 0 0
CDs 98,785 89,125 -9,660
Brokerage 96,963 98,465 1,502
401k 95,537 96,658 1,121
Roth IRA 31,193 31,635 442
SEP IRA 179,433 181,450 2,017
529 Savings 36,181 36,964 783
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.


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