Picking up Nickels

Wednesday, September 11, 2019

September 2019 Financial Asset Roundup

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

Asset Aug
Checking 993 683 -310
Money Market 61,931 41,550 -20,381
Savings Bonds 160,224 160,523 299
Treasury Bills 0 0 0
CDs 73,941 89,167 15,226
Brokerage 178,153 184,681 6,528
401k 194,392 203,804 9,412
Roth IRA 161,874 166,638 4,764
SEP IRA 804,205 819,649 15,444
529 Savings 183,223 184,347 1,124

Total Assets $1,818,936 $1,851,042 $32,106

The market has recovered since the last update, with the S&P 500 rising 3.35% during that time:

(chart courtesy of nasdaq.com)

On the jobs front, the unemployment rate for August remained at 3.7%, with 130,000 new jobs created. Oil prices are up slightly to the $58 level, with a local unleaded regular gasoline price of $2.45 per gallon at my last fill up. And even though the economy remains strong with unemployment rates near all-time lows, the POTUS is calling for subzero interest rates. Not exactly the best time to be a saver, is it?

On the financial front, I took a distribution from my S Corp to help offset the costs of tuition, quarterly taxes, and the bills from our recent family vacation. I have an Alliant 2.65% APY 12 month CD maturing soon and decided to open an Alliant 2.35% APY 12 month CD in advance of the FOMC meeting next week in case they decide on another rate cut.

As for the non-financial, everyone is back to school and I'm keeping busy between work and my various Fall lawn care projects.