August 2022 Financial Asset Roundup
Here are my current financial assets as of the market close on August 10th, 2022:
Asset | July 2022 | Aug 2022 | Change |
|
|
|
|
Checking | 1,698 | 4,167 | 2,469 |
Money Market | 112,302 | 112,580 | 278 |
Savings Bonds | 211,614 | 212,983 | 1,369 |
Treasury Bills | 15,000 | 15,000 | 0 |
CDs | 42,865 | 42,969 | 104 |
Brokerage | 242,606 | 268,020 | 25,414 |
401k | 369,415 | 404,915 | 35,500 |
Roth IRA | 217,266 | 234,074 | 16,808 |
SEP IRA | 1,002,229 | 1,078,095 | 75,866 |
529 Savings | 163,936 | 167,320 | 3,384 |
Total Assets | $2,378,931 | $2,540,123 | $161,192 |
6.78% |
The S&P 500 has rebounded nicely, gaining 9.90% (-11.66% YTD) since the last update:
(chart courtesy of nasdaq.com)
On the jobs front, the unemployment rate for July fell to 3.5% (matching the 50 year low from February 2020), doubling estimates with 528,000 new jobs added. Oil prices continued their slide to the $93 level (from $110) with local gasoline prices following suit. That translates to a local regular unleaded gasoline price of $4.07 at my last fill-up. We also had some good news on the inflation front in July, with 0% month-over-month inflation. With a little luck we've hit the inflation peak and the FOMC won't have to continue to aggressively raise interest rates.
On the financial front, I did the usual 401k transaction and will shortly be making a Vanguard VTI purchase in my brokerage account. I'm also looking at another T-Bill purchase before the next update.
As for the non-financial, the weather has finally cooled off a bit after a couple of six day heat waves over the past month. Unfortunately, there's not much summer left with the school year starting in a few weeks. :(