April 2009 Financial Asset Roundup
|Asset||Mar 2009||Apr 2009||Change|
We've had a nice bounce since the last update with the S&P 500 index up 19.03% since the last update:
(chart courtesy of msn.com)
Unemployment is still rising and is now up to 8.5%. Hopefully the stock market rally over the past few weeks is indicating that we have hit a bottom, although earnings announcements this week could bring us back to reality.
Moneywise, I have a one year Patelco CD @ 4.07% APY CD maturing at the end of the month and opened a one year Bank of America CD @ 2.65% APY in anticipation of not having a decent place to put that cash in a couple of weeks. I'm also looking to put $5000 into electronic I Bonds later this month, which should have approximately 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 when the March 2009 CPU-I numbers come out on Wednesday).
Overall, things have been going pretty well even though I haven't been blogging much lately. My 2008 personal and business tax returns are now officially done! I've also finalized a contract extension with my largest client, so it's looking like I'll continue to bring in consulting revenue throughout 2009 and continue with my typical saving, investing, and spending habits. With a little luck I'll be in great shape if and when some economic recovery starts to happen in 2010.