Picking up Nickels

Tuesday, December 11, 2012

December 2012 Financial Asset Roundup

Here are my current financial assets as of the market close on December 10th, 2012:

Asset Nov
Checking 1375 795 -580
Money Market 42,315 41,925 -390
Savings Bonds 67,255 67,413 158
Treasury Bills 0 0 0
CDs 72,275 72,490 215
Brokerage 95,646 99,768 4,122
401k 103,158 107,297 4,139
Roth IRA 63,492 65,347 1,855
SEP IRA 311,884 320,469 8,585
529 Savings 72,165 74,578 2,413

Total Assets $829,565 $850,082 $20,517

The S&P 500 has risen consistently over the past month, up 2.80% since the last update:

(chart courtesy of msn.com)

Well, we're three weeks away from a new year and yet we still wait for our friends (somehow my fingers want to type "fiends") in Washington are still ready to send us over fiscal cliff. Perhaps they're hoping that the Mayan calendar will prove correct and they'll be bailed out by the world ending on December 21st? On the jobs front, the unemployment rate for November fell to 7.7% (the lowest rate since December 2008). Oil prices have actually been somewhat flat at $86, although I've seen local gas prices drop by about 16ยข during that time.

On the financial front, the most obvious thing to report is that my assets have surpassed their previous all time high from September. Hopefully I will be able to build on that number in 2013 as I finalize the 2012 contributions for my SEP IRA as well as continue to reap the "economic stimulus" of having Mrs. Frugalson back in the workforce. It certainly would be a huge milestone to finally break through the $900k asset value ceiling, that's for sure.

As for other matters, I'm in the process of winding down calendar year 2012 for my S Corporation and looking forward to spending time with family over the Christmas holiday. In the event that that this is my last post of 2012, I sincerely wish a happy and healthy holiday season and a prosperous 2013 to one and all.