May 2023 Financial Asset Roundup
Here are my current financial assets as of the market close on May10th, 2023:
Asset | Apr 2023 | May 2023 | Change |
|
|
|
|
Checking | 953 | 6,411 | 5,458 |
Money Market | 62,718 | 51,646 | -11,072 |
Savings Bonds | 225,628 | 228,152 | 2,524 |
Treasury Bills | 60,000 | 60,000 | 0 |
CDs | 53,803 | 63,985 | 10,182 |
Brokerage | 313,601 | 323,881 | 10,280 |
401k | 249,704 | 255,080 | 5,376 |
Roth IRA | 241,614 | 243,958 | 2,344 |
IRA | 1,236,709 | 1,244,141 | 7,432 |
529 Savings | 167,031 | 167,427 | 396 |
Total Assets | $2,611,761 | $2,644,681 | $32,920 |
1.26 % |
The S&P 500 has been a bit volatile, rising 0.69% (+7.77% YTD) since the last update:
(chart courtesy of nasdaq.com)
On the jobs front, the unemployment rate for April fell to 3.4%, matching the January 50+ year low with a better-than-expected 253,000 new jobs added. Oil prices fell to the $72 level (from $80), which translates to a local regular unleaded gasoline price of $3.36 per gallon at my last fill-up. In addition to that, the FOMC raised rates by an additional 0.25% and our good friends in the House of Representatives may decide to burn the world economies to the ground by forcing a default on our debt. :(
On the financial front, I did the usual Fidelity 401k transaction (FSKAX) and Vanguard VTI purchase in my taxable brokerage account. I plan on taking the funds from my maturing 13 week T-Bills (4.708%) and moving that $20k into a 3 month Fidelity brokered CD @ 5.15% APY due to the debt ceiling "crisis". I also took a distribution from my S Corp and opened a Alliant 5.15% APY 23 month CD to lock in some cash at that rate for the next two years. We also received our 2022 personal tax refunds, which included a decent amount of paper May issue Series I savings bonds.
Due to having a lot going on at work and home, I didn't make my usual update on the April CPI-U inflation data's impact on I Bond rates. In April I leaned toward buying I Bonds before May, but we had a surprise 0.9% fixed rate announcement with May issue I Bonds, which is the highest it has been since 2007. I haven't bought my 2023 annual allocation of I Bonds yet, so I will likely be buying my share before the end of October 2023 to lock in that fixed rate. I guess being wishy-washy pays off every once in a while.
As for the non-financial, we're actually getting close to the end of the school year. Before you know it we'll be enjoying the warm weather and heading out on a summer vacation road trip.
0 Comments:
Post a Comment
<< Home