Picking up Nickels

Monday, July 14, 2008

July 2008 Financial Asset Roundup

Here are my current financial assets as of the market close on July 11th, 2008:

Asset June 2008 July 2008 Change
Checking 873 278 -595
Money Market 25,370 25,723 353
Savings Bonds 14,734 14,750 16
Treasury Bills 0 0 0
CDs 94,877 98,235 3,358
Brokerage 106,648 106,129 -519
401k 100,162 93,039 -7,123
Roth IRA 32,513 29,768 -2,745
SEP IRA 185,955 174,248 -11,707
529 Savings 37,920 36,182 -1,738
Credit Card 0% Balance Transfers 0 0 0
Total Assets $599,052 $578,352 -$20,700 (-3.46%)



The S&P 500 index has not been kind since my last update, dropping an additional 8.76% during that time:

(chart courtesy of msn.com)

Oil prices dipped to "only" $144 per barrel today. Despite the major stock market indices going south, I put some cash from the distribution I took from my 2007 S Corporation profits into my brokerage account and also added some cash to my recently matured 6 month E-Loan CD @5.15% APY that I rolled into a 6 month E-Loan CD @ 3.61% APY. What a difference 6 months makes...

The only other noteworthy financial move I've made since last month was applying for the Penfed Platinum Rewards VISA for 5% rewards on gas purchases since American Express was kind enough to cut the gas rewards on my Amex SimplyCash Business Card from 5% to 3%. Otherwise, it'll (hopefully) be onward and upward until August after a short July vacation...

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