≡ Menu

Financial Transparency as of 31AUG2017

Happy Labor Day (US) everyone!

music selection:  “Closer to Fine” — Indigo Girls

weigh-in: 202.8 (1.8)

ASSETS:

Wells Fargo (taxable): This is up 224 dollars on the month to 31,667.  On an annual basis, this account has gained 2,533.

Interactive Brokers (taxable): This is up 405 dollars to 307,057.  Year to date the account is up 37,531.

Interactive Brokers (tIRA): This is up 4,344 to 157,109.  On an annual basis the account gained 16,892.

Checking: Boring old cash is up to 12,696 from 12,259.  The annual gain in the checking account is 4,253.

Total liquid networth is up 5,400 to 508,529.  Year to date gains are 61,209 or 20.53% annualized.  That is how you devour your prey.

 

LIABILITIES:

Home – paid.

Car – paid.

Income tax liability: I have 9,510 in prepaid taxes I’ll add 500 more before the 15th and 500 more before year end to bring my prepaid up to 10,510.  That should cover this year’s tax liability.

 

WITHDRAWAL RATE:

Assuming 25,000 in withdrawals for the year, my WR is 4.92%.  Twelve month forward distributions, dividends, and interest come to 29,708 or 118.83% of budget.  I collected 1,327 in options premiums and earned another 3,325 in option profits from my long UVXY puts.  I’m on pace to earn 28,491 in options income for the year or an additional 113.96% of budget.  My budget needs are covered over 200%!

 

SPENDING:

Spending came in at 1,677.  That will be at least 500 dollars higher for September as I’ll make a tax prepayment.  Spending for the year has been 13,657 so far.  That is a 20,486 annual pace or 4,515 under budget.  I feel pretty good about my chances to stay under budget even after my higher year end expenses to pay real estate taxes and insurance.  I also have about 100 dollars in roof and drywall repairs coming up due to Harvey.

Devour your prey raptors!

{ 3 comments… add one }
  • Amber tree September 4, 2017, 6:34 pm

    This is a nice sample of passive income that covers more than your needs. Well done.
    With dividens and options, I am not there yet. I am only in the mid teens percent.

  • Chris B September 6, 2017, 1:12 am

    I was curious about whether the loss of internet due to Harvey caused you any missed opportunities, assignments, etc.

    Also, I’m glad your damages will be only $100 worth of shingles and drywall. Being able to DIY repairs like that is a key component of FI.

    • The Lizard King September 6, 2017, 1:34 pm

      I was fortunate to be able to monitor and adjust portfolio as needed via smart phone. The tiny screen makes my lizard eyes hurt but it works in a pinch.

Leave a Comment

CAPTCHA
*

Next post:

Previous post: