Picking up Nickels

Tuesday, August 13, 2019

August 2019 Financial Asset Roundup

Here are my current financial assets as of the market close on August 12th, 2019:


Asset Jul
2019
Aug
2019
Change
Checking 1,243 993 -250
Money Market 56,338 61,931 5,593
Savings Bonds 159,906 160,224 318
Treasury Bills 0 0 0
CDs 73,721 73,941 220
Brokerage 193,483 178,153 -15,330
401k 201,740 194,392 -7,348
Roth IRA 167,802 161,874 -5,928
SEP IRA 822,046 804,205 -17,841
529 Savings 183,624 183,223 -401



Total Assets $1,859,903 $1,818,936 -$40,967
   
 
-2.20%


The market has reversed course since the last update, with the S&P 500 falling 3.69% during that time:

(chart courtesy of nasdaq.com)

On the jobs front, the unemployment rate for July remained at 3.7%, with 164,000 new jobs created. Oil prices have fallen to the $54 level, with a local unleaded regular gasoline price of $2.49 per gallon at my last fill up. The ill-advised trade war with China is going swimmingly as expected and the FOMC reacted by cutting the federal funds rate for the first time in more than a decade.

On the financial front, it has been relatively quiet except for a recent distribution from my S Corp. I have a college tuition payment due shortly for the eldest Frugalson child, so that cash won't sit idle for long. With the continuing interest rate uncertainty and market volatility, I don't anticipate any notable financial moves in the near future.

As for the non-financial, we enjoyed a week of family vacation and are trying to make the most out of the last few weeks of summer. School is coming!

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