Picking up Nickels

Monday, June 13, 2022

June 2022 Financial Asset Roundup

Here are my current financial assets as of the market close on June 10th, 2022:

Asset May 2022 June 2022 Change

Checking 3,663 1,463 -2,200
Money Market 126,622 122,575 -4,047
Savings Bonds 209,183 210,382 1,199
Treasury Bills 0 0 0
CDs 42,660 42,764 104
Brokerage 247,872 234,882 -12,990
401k 375,454 379,095 3,641
Roth IRA 224,246 223,140 -1,106
SEP IRA 1,023,206 1,019,433 -3,773
529 Savings 164,921 164,539 -382
Total Assets $2,417,827 $2,398,273 -$19,554

The S&P 500 has continued the downward trend, falling 2.50% (-18.16% YTD) since the last update:

(chart courtesy of nasdaq.com)

On the jobs front, the unemployment rate for May remained at the pandemic low of 3.6% for the third month in a row, with 390,000 new jobs added. Oil prices rose to the $119 level (from $104), driving May 2022 year-over-year inflation to 8.6% (Thanks Vlad!). That translates to a local regular unleaded gasoline price of $4.96 at my last fill-up, yet another all-time high. Considering that the U.S. is a net exporter of oil, this a good demonstration of how prices for a globally traded commodity are set by the market and not by an individual country.

On the financial front, I did the usual 401k transactions and a Vanguard VTI brokerage purchase. I also took a distribution from my S Corp and opened a Fidelity Cash Management account using promo code "FIDELITY100" which gives you a $100 bonus when you deposit $50+ within 15 days. I'll be sending the 2% rewards from my Fidelity Rewards Visa to this new account since I no longer need to contribute to my Fidelity 529 college savings plans.

As for the non-financial, we're looking forward to the school year being over and enjoying a family vacation next month. :)