Picking up Nickels

Tuesday, December 11, 2018

December 2018 Financial Asset Roundup

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

Asset Nov
Checking 175 3,472 3,297
Money Market 52,172 53,375 1,203
Savings Bonds 155,813 156,136 323
Treasury Bills 10,000 10,000 0
CDs 39,806 57,434 17,500
Brokerage 159,074 155,521 -7,099
401k 167,894 161,647 -3,374
Roth IRA 150,469 143,576 -3,721
SEP IRA 756,094 721,697 -17,787
529 Savings 174,454 174,121 139

Total Assets $1,658,043 $1,636,979 -$9,519

The market has continued to drop since the last update, with the S&P 500 falling 3.10% during that time:

(chart courtesy of nasdaq.com)

On the jobs front, the unemployment rate for November remained at 3.7%, although there are hints of slowing with 155,000 new jobs created. Oil prices have continued their slide to the $52 level (down from $56).

On the financial front, I rolled my maturing 28 day T-Bills into new ones with an investment rate of 2.305%. I did take a final 2018 equity distribution from my S Corp and added it to the funds from my matured Penfed 3.04% APY 5 year CD to open a new Penfed 3.50% APY 5 year CD. I have also started to include in my numbers an identical CD opened with proceeds from Mrs. Frugalson's maturing CD since it will be held in the name of our trust instead of her individually with me as the POD beneficiary. As for why, I believe that the FOMC is close ending their rate hikes for now with the global economy getting a bit skittish, so I decided to lock up some money at familiar institution with a competitive rate.

As for the non-financial, Christmas is a couple of weeks away and I've been working on EOY planning for my S Corp. It's hard to believe we're less than a month away from another new year.