Picking up Nickels

Friday, April 11, 2014

April 2014 Financial Asset Roundup

Here are my current financial assets as of the market close on April 10th, 2014:

Asset Mar
Checking 2,680 6,585 3,905
Money Market 52,883 50,456 -2,427
Savings Bonds 81,945 82,067 122
Treasury Bills 0 0 0
CDs 62,300 62,477 177
Brokerage 118,830 120,249 1,419
401k 136,735 137,834 1,099
Roth IRA 89,245 87,884 -1,361
SEP IRA 444,793 433,380 -11,413
529 Savings 102,349 102,812 463

Total Assets $1,091,760 $1,083,744 -$8,016

After a volatile ride over the past month, the S&P 500 is down 2.35% since the last update:

(chart courtesy of msn.com)

On the jobs front, the unemployment rate for March was flat at 6.7% with 192k new jobs added. Oil prices are up a bit, rising from $101 to $104over the past month. The big news of the week has been the Heartbleed security vulnerability that has compromised the OpenSSL open source implementation of the SSL and TLS encryption protocols used by many web sites for secure http (https) communications. It's been difficult to know what sites may have been compromised, but mashable.com has a nice list of popular sites and their status. Interestingly, many financial institutions (Vanguard, Fidelity, Bank of America, etc.) claim that they are not affected by this security hole. That is somewhat comforting I suppose...

On the financial front, my only pending move at the moment is to watch the March CPI-U numbers due for release next week to help evaluate a potential Series I Savings Bond purchase. I'm currently leaning toward an April 2014 I Bond purchase due to the 0.2% fixed rate portion (it had been 0% for three years!), but I'll be able to make a more informed decision when the March numbers come out on Tuesday, April 15th. I also took a distribution from my S Corp's profits that currently accounts for the inflated balance in my checking account (more on that below).

Unfortunately, a large portion of my checking account balance will be used to pay my 2013 Federal and state personal income taxes. Mrs. Frugalson has already adjusted the withholding on her W-4 form, so I'm hoping that we won't be caught off guard (or subject to an underpayment penalty!) when our 2014 personal tax returns are due next year.


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