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Financial Transparency as of 30JUN2017

A lack luster month for returns.

music selection:  “You Better Run” — Pat Benatar

ASSETS:

Wells Fargo (taxable): This finished the month at 30,941, down from 31,286 last month.  The account is up 1,807 on the year or 6.20%.

Interactive Brokers (taxable): This finished the month up 1.54% at 300,974.  The account is up 31,447 on the year or 11.67%.

Interactive Brokers (tIRA): This one was up 281 dollars to 149,687.  Gains for the year come to 9,470 or 6.75%.

Checking: Cash on hand is down 163 dollars to 11,583.  The change in cash since the beginning of the year is 3,140 or up 37.19%.

Total Liquid Networth is up 4,333 on the month to 493,184.  Total gains for the year are 45,864 or 10.25%.

 

LIABILITIES:

No real changes here.

Home – Paid

Car – Paid

Income tax liability is tracking to come in around 11,000 for 2017.  I made another 500 dollar prepayment bringing my total prepayments to 9,510.  I will make two more 500 dollar payments at each quarter end to bring my prepayment up to around 10,500.  Should be sufficient to avoid underpayment penalties.

 

WITHDRAWAL RATE:

I am budgeting 25,000 for annual spending.  Against a liquid networth of 493,184, that is a withdrawal rate of 5.07%.  Projected 12 month dividends, distributions, and interest are 25,797 or enough to cover my needs without needing to make trades.  I picked up 2,491 in additional trading income for the month.  I am on pace to earn 26,254 in trading income for the year or 105% of budget.  Total cash inflows should exceed 50,000 for the  year, easily meeting my budgetary needs.

 

SPENDING:

This was the spendiest month of the year so far.  I spent 2,305 from checking, far above the 1,700 dollar average so far this year.  There will be a couple of high spend months at year end when real estate taxes and insurance bills come due.  But so far, I’m tracking to be about four thousand dollars under budget.

 

OTHER:

I collected a payment of 101.57 from Google AdSense for blog advertising.  This was my second check since starting the blog.  As an hourly rate, that comes out [embarrassing].  This remains a labor of love.  At least I’m covering domain registration fees.

I’ll be back Monday with an update on options trades in Sirius XM (SIRI).

Devour your prey raptors!

 

{ 2 comments… add one }
  • Chris B July 2, 2017, 4:54 pm

    How has the high yield bond portfolio done? I’m looking at a few companies with 7-16% yields and 5-8X EBITDA/Debt, but I can’t help but think they’ll be cheaper when the recession rolls around or as rates rise (is there even a win scenario?). My own 5 long-term Navient bonds purchased in December have delivered significant losses on paper.

    • The Lizard King July 3, 2017, 2:01 am

      I only have 5 bonds left in the portfolio. Two are money good and the other three are likely worthless securities. The full portfolio including closed positions did quite well but I’m finding there is some irrational euphoria in the bond space right now. The premium for junk rated bonds versus investment grade is too low and makes no sense. Credit moves in cycles so there will be a buying opportunity in the future. For now, I’m on the sidelines.

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