Net Worth Update

 

Asset/Liability Value
LendingClub (Roth) 5,605.00
Taxable Brokerage 6,600.44
Roth IRA 4,113.44
T-IRA 1,830.81
I-bonds 5000
Cash 15,019.48
Motif Investing 2077.63
NetWorth: 40,246.80

Round 2 Of I-bonds

Back in November of 2016, I purchased a I-bond with face value of $5000.  Back then, the interest rate was 2.76%, which seemed like a good deal at the time because I-bonds do not carry risk.  Since then, the federal reserve has risen rates by 0.5%.  I’m not sure if this is going to make the rates paid on I-bonds go up, but I expect the next I-bond rate to be around 3%.  When the new rates come in, I plan on purchasing another I-bond for $5000.  If you can get past the 1 year lock period, it’s an incredibly efficient means to store cash.

Job Search

I began search for a new job.  Currently, I’m focusing on any entry level position related to chemical engineering in the Los Angeles area.  Right now, I think it would be best if I could live at my parents home and commute to work.  If this doesn’t result in a significant amount of leads (i.e. interviews, etc.) I’m going to expand my search to include all of the no income tax states including the following:

  • Alaska
  • Florida
  • Nevada
  • South Dakota
  • Texas
  • Washington
  • Wyoming

The main reason I’m willing to stay in California (where taxes are high) is that living at home provides much more benefit than what California takes away through its taxes.  Next update, I hope to have applied to at least 5 entry level positions in the LA area.  Basically not paying for housing is worth paying more in taxes.

Unemployment Update

I’m currently not sure if I am approved for unemployment benefits.  I had a phone interview with an unemployment officer, and he told me that it would be about a week until I received mail as to whether or not I was approved.  I’m planning on following up ASAP to quickly get this sorted out.

Week 24 Update                                                                 Week 28 Update