Picking up Nickels

Thursday, July 11, 2019

July 2019 Financial Asset Roundup

Here are my current financial assets as of the market close on July 10th, 2019:

Asset Jun
Checking 1,661 1,243 -598
Money Market 45,018 56,338 7,041
Savings Bonds 159,255 159,906 331
Treasury Bills 20,000 0 -20,000
CDs 58,342 73,721 15,192
Brokerage 179,163 193,483 14,930
401k 190,508 201,740 7,904
Roth IRA 162,348 167,802 4,810
SEP IRA 793,989 822,046 24,395
529 Savings 178,838 183,624 2,794

Total Assets $1,789,122 $1,859,903 $56,799

The market has climbed to new all-time highs since the last update, with the S&P 500 up 3.68% during that time:

(chart courtesy of nasdaq.com)

On the jobs front, the unemployment rate for June rose to 3.7%, with 335,000 new jobs created. Oil prices are up ~13% to the $61 level, with a local unleaded regular gasoline price of $2.59 per gallon at my last fill up.

On the financial front, my assets have once again hit another all-time high, surpassing the previous high from June 2019. One change has been my stance on continuing to hold cash in 28 day T-Bills. As calls for a FOMC rate cut have increased (and hinted at), I've watched the investment rates for T-Bills drop (2.174% for 7/16 issues) to a level that doesn't compare very favorably with liquid savings options (like the 2.1% APY offered by Alliant Credit Union). Instead I reversed course and decided to put a portion of that cash into a Alliant 2.55% APY 12 month CD with the rest remaining liquid for now. I have some larger bills coming soon (college tuition, tax payments, etc.), so I will likely stand pat for a while.

As for the non-financial, we've been dealing with hot weather over the past week and will be planning on a week's vacation later this month. Good times. :D