Picking up Nickels

Tuesday, November 11, 2008

November 2008 Financial Asset Roundup

Here are my current financial assets as of the market close on November 10th, 2008:

Asset Oct 2008 Nov 2008 Change
Checking 409 284 -125
Money Market 21,514 13,509 -8,005
Savings Bonds 14,899 14,962 63
Treasury Bills 0 0 0
CDs 107,639 118,104 10,465
Brokerage 88,753 92,354 3,601
401k 63,201 63,349 148
Roth IRA 21,127 21,318 191
SEP IRA 131,142 131,533 391
529 Savings 29,731 30,501 770
Total Assets $478,415 $485,914 $7,499
      (1.57%)



The S&P 500 index has continued to be pretty volatile over the past month, but at least it's in positive territory over the past month (up 2.22%):

(chart courtesy of msn.com)

Although we've had the excitement of an election over the past few weeks and have decided on our next President, the economic news doesn't seem to be getting any better. One bright note is that oil has continued to fall to below $60 per barrel, with gasoline prices below $2 per gallon in some regions of the USA. But on the other hand, we've got an abundance of lovely stuff like a second bailout for AIG, the American automobile industry on the verge of collapse, and a mortgage workout program announced by Citigroup targeting 500,000 borrowers (I'm guessing that I won't qualify).

Moneywise, I've continued to stay the course. In anticipating of my soon to mature E-Loan 3.61% APY 6 month CD, I did stick some cash in a E-Loan 4.36% APY 12 month CD prior to the FOMC meeting on October 28-29. Other than that, I'm hoping to continue to be gainfully employed and will keep cranking away with disciplined spending and savings habits.

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