Picking up Nickels

Tuesday, May 13, 2008

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.

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