December 2008 Financial Asset Roundup
|Asset||Nov 2008||Dec 2008||Change|
The S&P 500 index has pretty much reversed the 2.22% gain from the last update as it has inched back down 2.17%:
(chart courtesy of msn.com)
We're now officially in a recession (who knew?), Bailout Nation has moved on to the struggling "Little Three" domestic auto companies, and the economic woes don't seem to be showing any signs of letting up. Oil prices are currently hovering around $45 per barrel, with my latest gasoline fill up costing $1.57 per gallon (as opposed to a high of $4.09 six months ago).
Moneywise, I'm trying to get all of the end of year details buttoned up for my S-Corp, and figure to be in a position to max out my 2008 Roth and SEP IRA contributions. My E-Loan 3.61% APY 6 month CD is due to mature shortly, and I have decided not to re-up since their 6 month CD rates have dropped several times over the past few weeks from 4.15% to 3.25% APY. My thinking is that the downward trend in rates will continue, so I'll probably keep that money in liquid savings unless a compelling opportunity presents itself.
Christmas is only a couple of weeks away now, so I'm trying to focus on enjoying that time with family and friends instead of worrying about financial matters out of my control. I'll deal with 2009 in 2009. :)