Another month has passed and it is time for the third installment of the transparency series.

music selection:  “Whiskey Man” — Molly Hatchet

 

ASSETS:

Wells Fargo (taxable): This finished the month at 20,099, down from 21,239 last month.  Shares of CPLP were the main driver.

Interactive Brokers (taxable): This finished the month at 164,096, down from 165,501 last month.

Interactive Brokers (tIRA): This finished the month at 99,564, down from 101,200 last month,

Checking: This finished the month at 9,137, up from 8,021 at month end.

Total investable assets finished at 292,896, down 1.04% from last month.

 

LIABILITIES:

Home – paid.

Car – paid.

Income tax liability of about 12,000 (I’ll know more after I file 2015 in April.)  I will send a few thousand from checking on 1040-ES by the 15MAR2016 quarter one deadline.  I am hopeful for a win in the UVXY column to finance the tax bill.

 

WITHDRAWAL RATE:

Withdrawal rate grew slightly last month.  Twenty-eight hundred a month against 292,896 is 11.47%.  Current projected twelve month dividends, distributions, and interest come to 33,392 or 99.38% of my budget.  I collected an additional 810 in January option premiums and 895 in February options premiums.  I project 1,142 for March premiums.  So cash flow looks good.

 

SPENDING:

Spending for the month was very good at 1,566.  That is down from 1,702 last month.  If I can keep a handle on spending, it will let me meet the tax liability by year end without making an additional withdrawal.

Devour your prey raptors!

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Financial Transparency as of 29FEB2016

Never miss another opportunity to devour prey!

8 thoughts on “Financial Transparency as of 29FEB2016

  • March 2, 2016 at 7:45 pm
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    The Lizard King – Your spending for the month was great at 1,566 and income from option premiums seem very stable. Have a great in Houston !!! Jason

    Reply
  • March 2, 2016 at 8:40 pm
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    Thank you for the information! Do you have a “time to go back to paid work” threshold in mind?

    Darren

    Reply
    • March 2, 2016 at 9:16 pm
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      Darren, I don’t have a throw in the towel number because so much of my budget is covered by distributions, dividends, and interest. I’m at a point I can easily cut back on spending for some wiggle room. I’d have to see a rash of dividend cuts to put the plan in jeopardy.

      Reply
  • March 3, 2016 at 12:14 pm
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    Well Done! Thanks for opening up your finances in this way. Your specifics are similar enough to my own that you often help clarify my thought process.

    Two questions…
    +How many equities do you have on your watch list (assuming you have one that you routinely scan for investing/trading opportunities)?

    -Were you previously a passive index fund investor? I was for the most part until a few years ago but find that more active trading/investing has made me much more aware of what is going on in the world. I like the engagement (and the increased cash flow). Is this your experience?

    Thanks.

    Reply
    • March 3, 2016 at 1:41 pm
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      Hey Rich,

      I currently have 24 names on my watch list. The list grows and shrinks from time to time with market pricing and news items about the companies.

      I was never a passive index fund investor. That is what I was taught to do in Grad School (in fact, I “proved” that was the best approach with the ONE HIGH AND HOLY MATHEMATICS [AMEN] absolutely ad nauseum). But I was conservative in those days and put everything to paying off my house first (except 5% into 401k to get company match). The plan was always to not have debt hanging over me so I’d feel more comfortable being aggressive in my investing. I was indoctrinated into the idea that return was highly correlated to risk. Along the way, I discovered the Motley Fool and they persuaded me that Beta was not the same thing as risk and that it was possible for retail investors to improve return while lowering risk. I think discovered there were alternative asset classes (bonds, options) that had more favorable risk/reward profiles. I have nothing against indexers though. It is a perfectly workable approach and index to 25x expenses for 4% WR is a sound approach. I just didn’t want to wait that long.

      Reply
  • March 6, 2016 at 1:49 am
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    Great work Raptor. Not only are you “doin it”, but I don’t think you’ll need to go back to a conventional job. Congrats on taking the risk, it’s paying off!
    -Bryan

    Reply

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