January 2016 Financial Asset Roundup
Here are my current financial assets as of the market close on January 11th, 2016:
Asset | Dec 2015 | Jan 2016 | Change |
Checking | 3,362 | 1,444 | -1,918 |
Money Market | 64,463 | 74,188 | 9,725 |
Savings Bonds | 105,741 | 105,784 | 43 |
Treasury Bills | 0 | 0 | 0 |
CDs | 36,577 | 36,681 | 104 |
Brokerage | 120,377 | 113,049 | -7,328 |
401k | 122,712 | 117,223 | -5,489 |
Roth IRA | 103,834 | 99,546 | -4,288 |
SEP IRA | 500,462 | 479,569 | -20,893 |
529 Savings | 126,771 | 125,796 | -975 |
| | | |
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. :)