≡ Menu

Financial Transparency 31DEC2016

The year in review.

music selection:  “Kiss Kiss” — Yeah Yeah Yeahs

weigh-in:  212.4 +2.0

ASSETS:

Wells Fargo (taxable): This finishes the year at 29,134, up from 23,309 at year end for a gain of 24.99%.

Interactive Brokers (taxable): The year end here mark is 269,526, up from 213,223 which is a gain of 26.41%.

Interactive Brokers (tIRA): This is up to 140,217 from 106,722, a gain of 31.39%

Checking: Checking finishes the year at 8,443.  Last year’s mark was 6,401.  That is a gain of 31.90%.

Total liquid net worth: The total now stands at 447,320.  Last year’s total was 349,655.  The gain is 97,665 or 27.93%.  For the curious, I spent 22,226 on the year.  Without that drain on assets, my gain would have been 119,891 or 34.29%.

 

LIABILITIES:

Car: Paid.

Home: Paid.

Income tax: I should qualify for the full Obamacare subsidy this year and go into 2017 with about 9,700 in prepaid tax liability (I won’t take a refund.)  I’ll be looking to convert 20,000 of tIRA to Roth during the year but also expect to make enough to cover that from a side gig.  Prepayments during 2017 should be trivial.

 

WITHDRAWAL RATE:

Instead of an estimate this month, I have actual numbers from my checking account withdrawals.  The total withdrawn/spent is 22,226.  Against a liquid net worth of 447,320, that is  a withdrawal rate of 5.32%.  This is much improved from the beginning of year estimate of 9.61%.  For the month I pulled in 1,525 in options income.  The mark for the year is 29,618, of which 10,036 is from closing UVXY long dated puts.  My current twelve month annualized dividends, distributions, and interest is at 20,462.  The sum of options income and distributions is 50,080 for the year or over double my actual needs.

 

SPENDING:

Spending for the month was the lowest on record at 839.  That brings the annual total up to 22,226 as mentioned above.  I’m going to target 24,000 for next year’s withdrawal rate just to keep the math simple.

Devour your prey raptors!

{ 10 comments… add one }
  • My Dividend Pipeline January 2, 2017, 3:03 pm

    Raptor,

    $839!! Holy shit! That is a rounding error on most peoples monthly budgets. Great job with the discipline and Happy New Year!

    MDP

    • The Lizard King January 2, 2017, 5:22 pm

      Thanks MDP! I feel very fortunate. I couldn’t believe myself until I double added the column. Haha.

  • Dividend Diplomats January 2, 2017, 6:28 pm

    Velociraptor –

    Dayum. Those are some low expenses, I thought I kept things in check, only to know I spend between $1,850-$2,000 per month; $839 is amazing!! Especially, considering we just went through a holiday season. Congrats and nice job.

    -Lanny

    • The Lizard King January 2, 2017, 10:19 pm

      Lanny,

      It’s a new record low for me. Hopefully, I can duplicate the result in 2017.

  • financialfreedomsloth January 3, 2017, 8:02 am

    Impressive gains! And with premiums at 2x you withdraw rate, you should be set up well for 2017, even if this would turn out to be a lackluster year for stocks…
    That 839 USD monthly budget is impressive! Without the mortgage, I might, might, be able to reach it … But I have found that with a better understanding of one’s goals and what is truly important in life, the need to buy stuff just disappears …

    • The Lizard King January 4, 2017, 2:18 pm

      Thanks FFS. I’m not sure I can repeat the 839. It was a very good month.

  • MU January 3, 2017, 6:20 pm

    Awesome returns. You have 25-31% in all four accounts. Amazing!

    Happy New Year! Keep up the good work!

  • Chris B January 4, 2017, 8:35 pm

    It’s been a volatile year, and yet you’ve done quite well with bets that are usually short volatility.

Leave a Comment

CAPTCHA
*

Next post:

Previous post: