January 2016 Financial Asset Roundup
Here are my current financial assets as of the market close on January 11th, 2016:
| || || |
|Total Assets||$1,184,299||$1,153,280||-$31,019 |
| || ||-2.62%|
The S&P 500 has continued a downward trend, falling 4.86% since the last update as worry over a global slowdown took center stage:
(chart courtesy of yahoo.com)
On the jobs front, the unemployment rate for December remained at 5.0%, with a strong 292,000 jobs added. It's interesting that the US economy is currently in a position of strength considering the economic worry overseas. Oil prices have continued to fall to the $31 level, which translated to me paying $1.60 per gallon for heating oil last week (the lowest since April 2004).
On the financial front, I took a final 2015 distribution from my S Corporation and shifted that cash into savings for the time being. I also need to get rolling on 2015 my business tax returns so that I can make my final 2015 SEP IRA contribution.
On the non-financial front, it's time to start gathering information for my 2015 personal and business tax returns as we hunker down during a chilly January in New England. :)