Picking up Nickels

Monday, August 13, 2018

August 2018 Financial Asset Roundup

Here are my current financial assets as of the market close on August 10th, 2018:

Asset Jul
Checking 1,014 1,083 69
Money Market 67,940 83,286 15,346
Savings Bonds 154,493 154,824 331
Treasury Bills 0 0 0
CDs 42,714 29,590 -13,124
Brokerage 157,276 161,653 4,377
401k 173,999 172,685 -1,314
Roth IRA 154,880 154,952 72
SEP IRA 768,710 776,046 7,336
529 Savings 177,398 177,101 -297

Total Assets $1,698,424 $1,711,220 $12,796

The market has continued its inexplicable climb, with the S&P 500 up 1.41% since the last update:

(chart courtesy of nasdaq.com)

On the jobs front, the unemployment rate for July fell to 3.9%, with 157,000 jobs created. Oil prices have dropped to the $67 level (down from $73).

On the financial front, my assets have once again hit another all-time high, breaking the previous high from July 2018. However, we have done some major spending since the last update. First up was our initial foray into Fall semester college tuition for my oldest child. We paid $4,000 out of pocket (to qualify for the American Opportunity Tax Credit) with the remaining balance being covered by a scholarship and our trusty 529 account. The Bank of Mom and Dad also purchased a safe and reliable used car for the daily commute since our newly minted college student will be living at home. I did take an additional distribution from my S Corp to help defray our newfound college-related expenses. Next up is paying for the new roof we just had installed.

As for the non-financial, we're going to sneak off for a quick vacation before school starts after Labor Day. It's hard to believe that the summer is almost over!