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Financial Transparency as of 31DEC2017

Another year in the bag and it was a good one.

music selection:  “In Too Deep” — Genesis

weigh-in:  209.8 +2.2 – very disappointing  year for weight loss.

ASSETS:

Wells Fargo (taxable): This is down 31 dollars, a 0.10% loss versus last month. For the  year, this account is up 1,547 to 30,681.  That is an annual gain of 5.31%.  That is excellent considering this account holds almost exclusively fixed income investments.

Interactive Brokers (taxable): This is up 15,408 to 323,837 a gain of 5.00% versus last month. The annual gain is 54,311, good for 20.15%.

Interactive Brokers (tIRA): I show 480 in gains here this month to 163,045 which is good for a 0.30% monthly gain.  The annual result is 22,828 in gains good for 16.28%.

Checking: I’m up here to 12,013, a gain of 13.51% on the month. The annual mark is a 3,570 gain in cash good for 42.28% versus last December’s mark.

Total Assets: Good news over all as I’m up to 529,576 at the end of December. Good for an overall monthly gain of 3.37%.  On an annualized basis I’m up 82,256 or 18.39%.  If you back out the spending that was deducted from the asset base to get a full picture of total gains, the annualized gain was 23.62%.  Once again, I beat the S&P with a 60/40 equity/bond portfolio while lowering my risk.  Why would I invest any other way?

 

LIABILITIES:

House: Paid

Car: Paid

Taxes: A back of the envelope calculation shows I have enough tucked away with Uncle Sugar to allow for a 4-5 thousand refund.  I’ll leave that on deposit with the Service as partial prepayment for 2018.  I’ll only need to make quarterlies on about 5-6 thousand more that way.  My withdrawal rate will be a lot better than planned now that I don’t have to put away 10 thousand.

 

WITHDRAWAL RATE:

My annual spending came to 23,410, just below the 25,000 target.  Against a liquid networth of 529,576, that is a withdrawal rate of 4.42%.  Current annualized distributions, dividends, and interest come to 30,112 or 120.45% of budget.  I also earned 35,212 in options income during the year or 140.85% of budget.

 

SPENDING:

It was a record month.  Spending was only 810 dollars for the month of December.  That helped get me back on track after two spendy  months in a row.  My total spending for 2017 was 23,410, well under the 25,000 budget.

{ 8 comments… add one }
  • Jason January 1, 2018, 10:32 pm

    The Lizard King – You had a great 2017 !!! I think your 2018 will be even better for you !!! I am still having a hard time getting my head around options. I see that it lower risky, and can be used increase cash flow. It’s seems like everyone in the FIRE community would be using option. Is it the learn curve of option or the religion of passive only investing ? Again I hope you and your father have great 2018.

    • The Lizard King January 1, 2018, 10:45 pm

      Jason, I think it has more to do with the community drinking the indexing Kool-Aid. I still get nasty email from indexing fanboys who can’t stand the idea of someone trying something different.

  • Jason January 2, 2018, 1:11 am

    The Lizard King – As you know I am trying to learn option. How much time do you spending on the Lizard Fund? My 5 year plan is to have $500,000 in liquid investments to live on, and live a location independent lifestyle.

    • The Lizard King January 2, 2018, 3:55 pm

      I probably spend about 5 hours a week. Mostly reading and looking for new trades. Half a million is a lot of money if you are location independent. Best of luck!

  • Chomper January 2, 2018, 5:29 am

    Fantastic results TLK! This was an excellent year for me as well. I only track my taxable account in detail. In my taxable brokerage account I made $8,747.90 in dividends, $62,606.10 in realized capital gains, and $15,537.02 in un-realized capital gains. My taxable account is now up to $385,849.20. Total assets including cash, Roth IRA, and 401k are now around $475k. Outside of this I have essentially no assets. I rent an apt and lease a car.

    I am still a w-2 wage slave, but I’m getting really close to being financially independent. My w-2 income is now up to $70k. I have 16 years and 3 months working in IT now for a state government (16 years vested in the pension which I can collect at 60+). Tentative plan is to switch to part-time telecommute IT job at age 45 when I’ll have 20 years in the pension (year 2021).

    Best of luck to you in 2018. I find your blog very interesting. Thank you for sharing you investment info!

    • The Lizard King January 2, 2018, 3:56 pm

      Thanks for reading. Part time wasn’t an option where I was. Not sure I would have taken it. I was ready to be free.

  • Chris B January 2, 2018, 7:07 pm

    Interestingly, you never write about frugality, but your spending ranks you better than many bloggers who write about it all the time. Your investment strategy is certainly more interesting and non-orthodox, but it’s the sub-24k lifestyle that has enabled you to live the 5 hour workweek! Kudos for resisting the consumer urges that are the real culprits wrecking retirement plans.

    • The Lizard King January 2, 2018, 10:01 pm

      Ha. Those losers. Kick it into gear already frugal-bloggers! Neener-neener-neener

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