October 2012 Financial Asset Roundup
Here are my current financial assets as of the market close on October 10th, 2012:
| || || |
| || ||-0.91%|
(chart courtesy of msn.com)
The S&P 500 has experienced some volatility while rising 0.24% since the last update:
On the jobs front, the unemployment rate for September fell to 7.8% (the lowest since January 2009) and claims for unemployment benefits fell to the lowest levels in almost four years. Of course, since this is silly season Republicans like former GE CEO Jack Welch are crying foul over these numbers selfishly putting their own political interests above the interests of the average American worker looking for a job (nice job guys!). As for more important matters, oil prices have dipped to $92 during that time although it appears that those of us who heat our homes with oil are looking at an expensive heating bill this winter.
On the financial front, my only major upcoming move will be maxing out 2012 Roth IRA contributions for Mrs. Frugalson and myself. Also, another interesting data point will be the release of the CPI-U numbers for September 2012 on October 16th, which is relevant for Series I savings bonds purchases since we will be able to calculate the initial variable inflation component for November 2012 issue savings bonds. Of course, I already bought the maximum amount for calendar year 2012 from treasurydirect.gov in January but this new variable rate will still be in place on January 2013 when I am eligible to purchase additional bonds.
In other news, I have officially cancelled my S Corp's health insurance plan since we are now covered by Mrs. Frugalson's employer provided health and dental insurance. This should be a huge savings for our family in the neighborhood of $1000+ per month, which will provide a nice financial boost to our bottom line (along with Mrs. Frugalson's salary). :D