Picking up Nickels

Wednesday, February 11, 2009

February 2009 Financial Asset Roundup

Here are my current financial assets as of the market close on February 10th, 2009:

Asset Jan 2009 Feb 2009 Change
Checking 713 337 -376
Money Market 37,252 34,182 -3,070
Savings Bonds 15,071 15,135 64
Treasury Bills 0 0 0
CDs 103,328 103,787 459
Brokerage 76,554 77,770 1216
401k 62,272 58,002 -4,270
Roth IRA 26,193 24,761 -1,432
SEP IRA 131,376 134,758 3,382
529 Savings 31,534 30,211 -1,323
Total Assets $484,293 $478,943 -$5,350
      (-1.10%)



The value of S&P 500 index was going to end up pretty flat over the past month, but the big decline yesterday helped drive a 4.95% drop since the last update:



Ugh, unemployment is now up to 7.6% and the stock market reacted pretty negatively yesterday to the latest and greatest financial rescue plan and economic stimulus plan. Oil prices continue to hover below $40 per barrel despite gasoline supply concerns.

Money-wise, I pretty much have nothing going on at the moment other than a modest 7 month Bank of America CD @ 4.11% APY CD maturing early next month. At this point, I'm leaning against reinvesting the proceeds as savings rates continue to drop.

Business-wise, I am thankfully still bringing in consulting revenue for my S Corp. I'm looking to finish making my 2008 SEP IRA contributions getting my 2008 personal and business tax returns wrapped up, and will be relieved when all of my 2008-related tasks will be put to bed.

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