My Financial Report - June 2008

Net Worth - May 2008

Bank and Cash Accounts
Currently, we have more cash than I’d like ($37K). The majority of my cash is now sitting at high-yield savings accounts such as HSBC Direct (3.50% APY) and E*Trade Bank (3.15% APY). I’ve been planning to buy some stocks in my taxable portfolio, but given the current market condition, I’m still watching from the sideline. As my wife’s looking for a new job, we may need some reserved cash to buy a second car in the near future.
Other Assets
That’s not a Zillow estimate but the price we paid ($201K) for our house two years ago. The housing market in the Midwest has gone down somewhat but my neighborhood’s been doing just fine - Just a couple months ago, a similar house down the street was sold within a month around our buying price.
Investment Accounts
- CDs
  I put most of the borrowed money ($18K) from a 0% APR credit card balance transfer offer in a 9-month Countrywide Bank CD (5.45% APY).
- I-Bonds
  I have some I-Bonds ($10K) bought in April 2008 (~4.43% APY).
- Portfolios
  Our 401(k) and Roth IRA accounts ($78K) are expected to be maximized this year.
Credit Cards

Balance Transfers
My only 0% APR balance transfer offer ($22K) will soon expire at the end of July.
Usage
I spent over budget this month (see chart below) with cash rebate credit cards like Chase Freedom (up to 3.75% cash back). The total balance will be paid off at the end of the billing cycle.