Picking up Nickels

Tuesday, June 13, 2023

June 2023 Financial Asset Roundup

Here are my current financial assets as of the market close on June 12th, 2023:

Asset May 2023 Jun 2023 Change

Checking 6,411 3,755 -2,656
Money Market 51,646 58,140 6,494
Savings Bonds 228,152 229,348 1,196
Treasury Bills 60,000 40,000 -20,000
CDs 63,985 84,211 20,226
Brokerage 323,881 367,350 43,469
401k 255,080 272,516 17,436
Roth IRA 243,958 250,296 6,338
IRA 1,244,141 1,274,547 30,406
529 Savings 167,427 167,229 -198
Total Assets $2,644,681 $2,747,392 $102,711
      3.88 %

The S&P 500 has been on a nice run, rising 4.86% (+13.01% YTD) since the last update:

(chart courtesy of nasdaq.com)

On the jobs front, the unemployment rate for May rose to 3.7%, with 339,000 new jobs added. Oil prices fell to the $68 level (from $72) in spite of announced production cuts, which translates to a local regular unleaded gasoline price of $3.35 per gallon at my last fill-up. On a positive note, a deal was made to resolve the debt ceiling "crisis", which means we at least won't default on our debt.

On the financial front, my assets have hit an all-time high, surpassing the previous high from December 2021. I did the usual Fidelity 401k transaction (FSKAX) and Vanguard VTI purchase in my taxable brokerage account. I took the funds from my maturing 13 week T-Bills (4.903%) and rolled them into new ones at 5.378%. I also took a distribution from my S Corp and stashed those funds in my Fidelity Cash Management account.

One very unusual thing also happened since the last update: we subscribed to the PlanVision financial planning service. Mrs. Frugalson and I have actually been talking about what our retirement will look like. While I think I have a pretty good handle on investments, taxes, healthcare, Social Security, estate planning, etc., I decided to have another set of eyes on our situation after reading positive things about PlanVision on the bogleheads.org forum. I'm not really sure what to expect, but it's worth trying at $239 for the first year. I don't plan on being a high-maintenance client, so hopefully it will be a win-win for both of us.

As for the non-financial, it's almost time for our summer vacation next month. I'm looking forward to going someplace new and trying to not think about work for a bit. :)


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