Picking up Nickels

Wednesday, July 19, 2023

July 2023 Financial Asset Roundup

Here are my current financial assets as of the market close on July 18th, 2023:

Asset Jun 2023 Jul 2023 Change

Checking 3,755 1,809 -1,946
Money Market 58,140 57,612 -528
Savings Bonds 229,348 230,549 1,201
Treasury Bills 40,000 40,000 0
CDs 84,211 84,430 219
Brokerage 367,350 388,015 20,665
401k 272,516 291,333 18,817
Roth IRA 250,296 259,879 9,583
IRA 1,274,547 1,321,087 46,540
529 Savings 167,229 168,713 1,484
Total Assets $2,747,392 $2,843,427 $96,035
      3.50 %

The S&P 500 has continued to outperform expectations, rising 4.98% (+18.63% YTD) since the last update:

(chart courtesy of nasdaq.com)

On the jobs front, the unemployment rate for June fell to 3.6%, with "only" 209,000 new jobs added. Oil prices fell to the $75 level (from $68), which translates to a local regular unleaded gasoline price of $3.29 per gallon at my last fill-up. It's also good to see inflation continuing to trend down with the US faring better than our peers.

On the financial front, my assets have hit an all-time high, surpassing the previous high from June 2023. I did the usual Fidelity 401k transaction (FSKAX) and Vanguard VTI purchase in my taxable brokerage account. I reinvested the funds from my maturing 13 week T-Bills (4.919%) and rolled them into new ones at 5.388%. I took a distribution from my S Corp and stashed those funds in my Fidelity Cash Management account. I'm also planning on dipping my toe into the 10 year TIPS auction this week, with a likely par rate of 1.5%+.

As for the non-financial, we recently returned from an enjoyable family vacation with great weather. And much like last year, we were fortunate to avoid the Canadian wildfires and the 39 day heat wave (and counting) in the South. I can only imagine the number of vacations that have been ruined by the scorching summer temps around the globe, scary stuff!