December 2011 Financial Asset Roundup
|Asset||Nov 2011||Dec 2011||Change|
The S&P 500 has declined a bit since the last update, dropping 2.17% during that time:
(chart courtesy of msn.com)
On the jobs front, the unemployment rate for November dropped to 8.6%, a significant decline from the 9% rate from October. Oil prices have remained flat at around $98 per barrel, while I've seen my gasoline purchases decrease by about 16¢ per gallon.
On the financial front, I am sadly less than a month away from the end of my 5 year Penfed CD @ 6.25% APY that I opened in January 2007. With such unappealing CD options currently available, I have decided on allocating that cash among a mix of I Bonds, Roth IRA, and 529 Plan contributions throughout 2012. I will also be selling my Procter & Gamble (PG) stock this month to take advantage of the 0% tax on dividends and capital gains, although I seem to be holding out for a Santa Claus Rally that probably won't be arriving this year.
I'm also planning on providing an annual grocery price inflation update this month as I wrap things up for the close of the 2011 business year for my S Corporation and get prepped for what I hope will be another wonderful Christmas holiday with my family.