Picking up Nickels

Monday, January 12, 2009

January 2009 Financial Asset Roundup

Happy New Year! (I think).

Here are my current financial assets as of the market close on January 9th, 2009:

Asset Dec 2008 Jan 2009 Change
Checking 622 713 91
Money Market 20,679 37,252 16,573
Savings Bonds 15,024 15,071 47
Treasury Bills 0 0 0
CDs 118,639 103,328 -15,311
Brokerage 86,704 76,554 -10,150
401k 61,309 62,272 963
Roth IRA 20,784 26,193 5,409
SEP IRA 129,481 131,376 1,895
529 Savings 30,846 31,534 688
Total Assets $484,088 $484,293 $205

With volatility continuing to rule, the S&P 500 index has pretty been pretty flat with "only" a 0.99% drop since the last update:

(chart courtesy of msn.com)

We've thankfully turned the page on 2008. Economic turmoil has continued (like the unemployment rate rising to 7.2%) and our new President will be sworn in next week and his first priority will be pushing through his economic stimulus plan. Oil prices are falling back below $40 per barrel despite further unrest in the Gaza Strip.

Moneywise, I used $10k from my brokerage account to fund 2008 Roth IRA contributions for myself and Mrs. Frugalson and am about to start working on making my 2008 SEP IRA contributions. I decided not to renew my E-Loan 3.61% APY 6 month CD last month due to continuing rate drops and will leave my cash in my E*Trade Complete Savings account earning 3.01% APY until a better opportunity presents itself. At this point, I'm starting work on my 2008 personal and business tax returns and (with my largest contract up in the Spring) I am planning on being extra conservative with my S Corp cash for at least the first quarter of 2009.


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