Another month in the bag.
music selection: “Can’t Get Enough” — Bad Company
Wells Fargo (taxable): This is down 696 dollars, a 2.27% loss versus last month. The new mark is at 29,985.
Interactive Brokers (taxable): This is up 16,125 to 339,962 a gain of 4.98% versus last month. It has been two really strong months in a row with things set up for two more strong months based on options premiums to be fully earned by that time.
Interactive Brokers (tIRA): I show 2,817 in gains here this month to 165,862 which is good for a 1.73% monthly gain. Pretty good for a stodgy portfolio of mostly insurance stocks.
Checking: I’m up here to 13,092, a gain of 8.98% on the month. A withdrawal of 3,450 will be made in the next few days to fund my first HSA account after changing my Obamacare provider to a compliant plan.
Total Assets: Good news over all as I’m up to 548,901 at the end of January. That is good for an overall monthly gain of 3.65%. This is a little better than the monthly performance from December. This unlikely to be sustainable rate is a pace of 43.79% annualized return. I should be so lucky.
Taxes: I expect to have a “refund” of about 5,000 for 2017. I will apply that forward to 2018 and need to make quarterly payments of about 1,250 to meet the current year’s liability.
The budget is again set at 25,000. Against a liquid networth of 548,901, that is a withdrawal rate of 4.55%. Current annualized distributions, dividends, and interest come to 30,450 or 121.80% of budget. I also earned 6,472 in options income during January which puts me well ahead of pace to generate an additional 25,000 for safety factor.
It was a good month. Spending was only 1,309 dollars for the month of January. I have a largish electric bill due in February due to the unusual long cold spell (I have electric heat, yuck!) I should still be able to come in under 2,000 for the month, keeping on track to meet budget even with quarter tax payments.
Devour your prey raptors!