Picking up Nickels

Monday, July 13, 2020

July 2020 Financial Asset Roundup

Here are my current financial assets as of the market close on July 10th, 2020:

Asset Jun
Checking 3,647 3,315 -332
Money Market 92,837 101,241 8,404
Savings Bonds 162,852 163,135 283
Treasury Bills 0 0 0
CDs 96,021 80,876 -15,145
Brokerage 181,002 188,536 7,534
401k 248,042 253,244 5,202
Roth IRA 181,396 182,151 755
SEP IRA 889,308 895,345 6,037
529 Savings 188,752 189,646 894

Total Assets $2,043,857 $2,057,489 $13,632

The S&P 500 has been a bit volatile over the past month, falling 0.16% since the last update:

(chart courtesy of nasdaq.com)

On the jobs front, the unemployment rate for June continued to fall, dropping from 13.3% to 11.1%. Unfortunately, future gains could be sidetracked by continuing spikes in COVID-19 cases in several hot spots around the country. Oil prices are up somewhat to the $40 level (from $37), which translated to a local regular unleaded gasoline price of $1.99 at my last fill up.

On the financial front, my assets have hit an all-time high, surpassing the previous high from June 2020. My Alliant 2.55% APY 12 month CD also matured since the last update, with few compelling places to put that cash. Unfortunately, I don't anticipate any great CD rate deals showing up for several years at this point. I also paid my Federal income taxes by the July 15th extended deadline, which took a decent bite out of my cash balance.

As for the non-financial, I am scheduled to get the old oil-fired boiler at our house replaced soon. I had intended to get it done a few months ago, but put it off for a while once the pandemic lockdown was put in place. I will also be working on finding a commuter car for the youngest Frugalson to take to college in the fall. I'm not looking forward to either task and will be glad when both are behind me.