March 2022 Financial Asset Roundup
Here are my current financial assets as of the market close on March 10th, 2022:
Asset | Feb 2022 | Mar 2022 | Change |
|
|
|
|
Checking | 2,888 | 2,455 | -433 |
Money Market | 137,723 | 121,912 | -15,811 |
Savings Bonds | 204,914 | 205,736 | 822 |
Treasury Bills | 0 | 0 | 0 |
CDs | 42,363 | 42,456 | 93 |
Brokerage | 277,978 | 261,745 | -16,233 |
401k | 420,295 | 395,030 | -25,265 |
Roth IRA | 247,752 | 239,723 | -8,029 |
SEP IRA | 1,131,699 | 1,109,543 | -22,156 |
529 Savings | 172,985 | 171,546 | -1,439 |
Total Assets | $2,638,597 | $2,550,146 | -$88,451 |
-3.35% |
The S&P 500 has continued to decline, falling 5.43% (-10.63% YTD) since the last update. The cost that Russia's invasion of Ukraine will have on human lives, inflation, energy markets, the supply chain crisis, and the global recovery from COVID-19 will be massive:
(chart courtesy of nasdaq.com)
On the jobs front, the unemployment rate for February fell to 3.8%, with a strong 678,000 jobs added. Oil prices continued to surge to the $107 level (from $91), which translates to a local regular unleaded gasoline price of $4.09 at my last fill-up. Home heating oil prices have also spiked, with local costs around $5 per gallon as compared to the $3.65 I paid two short weeks ago.
On the financial front, I did the usual 401k transactions, a Vanguard VTI brokerage purchase, as well as a distribution from my S Corp. I also made my final 2021 solo 401k contribution as well as 2021 Roth IRA contributions for Mrs. Frugalson and myself now that my 2021 S Corp tax returns are done and our MAGI can be computed.
As for the non-financial, I'm trying to put life here in the USA in perspective as the atrocities in Ukraine play out on local and national TV every evening. The weather is starting to get warmer, the COVID-19 numbers are looking much better, and my friends and family are continuing to hang in there and look forward to tomorrow. I wish everyone could be as fortunate as we are.
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