May 2008 Financial Asset Roundup

Here are my current financial assets as of the market close on May 12th, 2008:

Asset	April 2008	May 2008	Change
Checking	631	476	-155
Money Market	35,447	16,571	-18,876
Savings Bonds	4,701	14,718	10,017
Treasury Bills	0	0	0
CDs	89,125	99,520	10,395
Brokerage	98,465	102,901	4,436
401k	96,658	102,564	5,906
Roth IRA	31,635	33,445	1,810
SEP IRA	181,450	190,033	8,583
529 Savings	36,964	38,585	1,621
Credit Card 0% Balance Transfers	0	0	0
Total Assets	$575,076	$598,813	$23,737 (4.13%)

We've had a nice rally in S&P 500 index since my last update, which is up 5.67% during that time:

(chart courtesy of msn.com)

The market had a nice gain over the past month leading up to the FOMC meeting on April 30th. Oil prices continue to rise as it hit yet another all time high today of almost $127 per barrel. I bought my $10k limit of April 2008 issue I Bonds and also stashed some cash in a now extinct one year Patelco CD @ 4.07% APY that will be freed up when my 6 month E-Loan and E*Trade CDs mature in early June.

As I had mentioned earlier, my relationship with the largest client of my IT services S Corporation ended last month. I landed safely with another client a couple of weeks later, so I' not ready to declare the IT business to be in a recession as of yet.