Picking up Nickels

Tuesday, October 14, 2014

October 2014 Financial Asset Roundup

Here are my current financial assets as of the market close on October 13th, 2014:

Asset Sep
Checking 453 1,486 1,033
Money Market 47,386 58,778 11,392
Savings Bonds 92,609 92,718 109
Treasury Bills 0 0 0
CDs 63,355 53,422 -9,933
Brokerage 128,662 121,278 -7,384
401k 143,064 130,255 -12,809
Roth IRA 94,214 88,203 -6,011
SEP IRA 477,049 449,397 -27,652
529 Savings 111,291 109,450 -1,841

Total Assets $1,158,083 $1,104,987 -$53,096

The S&P 500 has been under fire over the past few days, falling 6.06% since the last update:

(chart courtesy of yahoo.com)

On the jobs front, the unemployment rate for September fell to 5.9% (the lowest since 2008) with a better than expected 248,000 new jobs being created. Oil prices have continued their slide to fall below $85, although the price drop has been driven by concerns about the global economy. I haven't paid less than $3 for a gallon of gas or heating oil since November 2010, so hopefully the short term relief on energy costs will help offset the paper losses my investments are incurring.

On the financial front, I had my E-LOAN 1.10% APY 1 year CD mature over the weekend and hope that my money will not end up in limbo due to the E-Loan ACH problems reported at fatwallet.com. Once that money materializes, I'm leaning toward stashing it in a Penfed 1.21% APY 1 year CD. I'm also about ready to make my 2014 Roth IRA contribution and may take an equity distribution from my S Corporation to help offset the cost.