Picking up Nickels

Monday, December 13, 2010

December 2010 Financial Asset Roundup

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

Asset Nov 2010 Dec 2010 Change
Checking 1044 670 -374
Money Market 60,507 60,951 444
Savings Bonds 36,486 36,582 96
Treasury Bills 0 0 0
CDs 83,332 83,681 349
Brokerage 95,334 98,243 2,909
401k 97,699 98,298 599
Roth IRA 43,899 44,418 519
SEP IRA 237,907 239,438 1,531
529 Savings 50,076 50,030 -46
Total Assets $706,284 $712,311 $6,027
      (0.85%)



The rise of the S&P 500 still has legs as the index has crept up another 1.78% since the last update:

(chart courtesy of msn.com)

The unemployment rate for November rose to 9.8% with job growth lower than expected. Oil prices have been pretty steady as they hover around $89 per barrel. It should be interesting to see if the new tax cut deal will have any positive impact on the two former points (I'm not holding my breath).

On the financial front my asset levels have continued to rise along with the stock market, once again surpassing my all time high from November 2010. As far as money moves go, I need to start planning for 2010 Roth IRA contributions for Mrs. Frugalson and myself as well as my 5% APY CD reservation at Penfed due in January. I also wonder if Penfed will be cooking up any other decent CD deals for January 2011?

Between work, Christmas prep, EOY planning for my S Corp, and yet another home improvement moulding install project (crown moulding this time around), I've been keeping pretty busy the past few weeks. One point of note is my S Corp revenues, which are officially down 7.3% for 2010 on top of a 8.8% decrease in 2009. That's a noticeable hit to my bottom line, but I guess it could be worse considering that one out of every ten people is out of work right now. Other than that, I need to work on a 2010 grocery inflation update, finalize my 2010 charitable contributions, and hopefully enjoy a relaxing Christmas with my family.

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