My Financial Report - February 2009

Net Worth - January 2009

Net Worth
Our net worth dipped by 0.50% (-$837).
Bank and Cash Accounts
The majority of my cash is sitting in high-yield savings accounts such as DollarSavingsDirect [new] (3.50%-4.00% APY), E*Trade Bank (3.01% APY), and HSBC Direct (2.60%-3.00% APY).
Other Assets
That’s not a Zillow estimate but the price we paid ($201K) two years ago. Zestimate for our house is currently a bit below our purchase price.
Investment Accounts
- CDs
  I have a total of three CDs: A 6-month CD (4.00% APY) at HSBC Direct ($8K) maturing in April and two 12-month CDs (4.25% APY) at ING DIRECT ($23K) maturing in November.
- I-Bonds
  I also have some I-Bonds ($10K) bought in April 2008 (~4.43% APY).
- Portfolios
  In January, our retirement portfolios quickly resumed the downtrend (-11.9% vs. S&P 500: -8.6%). The 401(k) and Roth IRA accounts ($58K) is on track to be maximized in 2009. My taxable account (-6.4%) at Zecco ($15K) will be active again when the time comes (not so optimistic).
Credit Cards
- Balance Transfers
  I currently have two 0% APR balance transfer offers ($22K), and the borrowed money is earning interest in CDs.
- Usage
  I paid nearly all my expenses ($2.3K) with my favorite cash rebate credit cards - Chase Freedom and Chase Business Cash Rewards. The total balance is to be paid off at the end of the billing cycle.
Loans
The only debt we have is the mortgage of our house.