Picking up Nickels

Wednesday, August 11, 2010

August 2010 Financial Asset Roundup

Here are my current financial assets as of the market close on August 10th, 2010:

Asset Jul 2010 Aug 2010 Change
Checking 657 609 -48
Money Market 33,043 33,099 56
Savings Bonds 36,080 36,186 106
Treasury Bills 0 0 0
CDs 115,991 116,418 427
Brokerage 81,976 84,348 2,372
401k 83,046 86,935 3,889
Roth IRA 38,826 40,324 1,498
SEP IRA 200,815 215,900 15,085
529 Savings 43,870 45,839 1,969
Total Assets $634,304 $659,658 $25,354
      (3.99%)



The S&P 500 has been on a nice roll over the past month despite recent economic worries, with the index rising 3.92% since the last update:

(chart courtesy of msn.com)

The unemployment rate for June remained at 9.5% as job growth continues to stagnate while oil prices have risen slightly to around $79 per barrel.

On the financial front, I finally finished funding my 2009 SEP IRA and that cash infusion helped boost my asset levels so they are now approaching my all time high from April 2010. I am a bit bummed that I have yet another Penfed 6% APY CD maturing next month though, considering the lack of options to find a productive home for that money. Ironically, it's looking like my home will be one likely recipient of that cash and I'm sure that we'll find a use for some of it with the home improvement and landscaping projects that we have in the pipeline. I'm also anticipating getting my health insurance renewal information soon and am already trying to prepare myself for the shocking price hike that it is sure to contain.

Other than that, we had a nice little vacation a couple of weeks ago and are trying to enjoy the rest of the summer before the Frugalson children head back to school.

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