Picking up Nickels

Wednesday, March 11, 2009

March 2009 Financial Asset Roundup

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

Asset Feb 2009 Mar 2009 Change
Checking 337 579 242
Money Market 34,182 20,233 -13,949
Savings Bonds 15,135 15,198 63
Treasury Bills 0 0 0
CDs 103,787 118,212 14,425
Brokerage 77,770 67,692 -10,078
401k 58,002 51,921 -6,081
Roth IRA 24,761 22,417 -2,344
SEP IRA 134,758 134,257 -501
529 Savings 30,211 27,781 -2,430
Total Assets $478,943 $458,290 -$20,653

Investors continue to suffer as the S&P 500 index has dropped 13.00% since the last update:

(chart courtesy of msn.com)

Unemployment continues to rise and is now up to 8.1%. The stock market did rally a bit yesterday though as a internal memo from Citibank gave some hope that banking sector may be showing some signs of recovery. I sure hope so...

Moneywise, I rolled my maturing 7 month Bank of America CD @ 4.11% APY into a 9 month Bank of America Risk Free CD @ 2.50% APY as rates on many online savings accounts have plummeted below 2%. I'm also considering putting a few bucks into I Bonds next month, which would have roughly a 3% tax equivalent return over the next year (a 5.64% rate for the first six months and likely 0% over the next 6 months with a negative inflation component).

Business-wise, I have fully funded my 2008 SEP IRA contributions and have finished up with my 2008 tax returns for my S Corp. I'm also working on a contract extension with my largest client, so I'll hopefully continue to bring in consulting revenue throughout 2009 and not have to tap into my cash reserves.


  • Hello “picking up nickels” author,

    As a fellow money (miser) saver & blogger myself I came across your blog a little while ago...I read some very interesting and great posts!

    So I have a little offer for you....

    The company I work for would like to pay you to put a text link to a credit card site on your blog. I have not seen any other deals already, but would love to make you an offer anyway. I'm sure we can come up with some good terms?!

    The website is called creditcardmenu.com and we will be launching a new fantastic looking credit card review and comparison service which is free to our customers; let me know your thoughts.

    So let the bartering begin??!

    Oh and keep up the great work!

    Alex Preece
    Bad with my money, great with other peoples!
    (I am based in London, England so excuse the weird times you get this email!)
    Giant Investments
    E: alex.preece@giant.org.uk
    T: 01273 224002

    By Blogger alex, at 3/17/09, 1:48 PM  

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