It’s Financial Transparency time again.
music selection: “The Thrill Is Gone” — B.B. King
Wells Fargo (taxable): This finished the month at 21,470, up from 20,099 last month. Shares of CPLP were the main driver.
Interactive Brokers (taxable): This finished the month at 184,835, up from 164,096 last month. That is a 12.64% increase driven by gains in discounted bonds and issues sensitive to oil pricing.
Interactive Brokers (tIRA): This finished the month at 108,137, up from 99,564 last month. That is an 8.61% gain with no real driver, the gains were widespread.
Checking: This finished the month at 10,648, up from 9,137 at month end. A 16.54% increase.
Total investable assets finished at 325,050, up 10.98% from last month. In total, I am still down a little more than 7% since the beginning of the year.
Home – paid.
Car – paid.
Income tax liability: After filing taxes for 2015, which included some tax loss harvesting, I have sufficient refund applied to 2016 to make my tax liability trivial. I hope to have enough gains during the year on UVXY to require a prepayment in the future though.
Withdrawal rate fell last month with the increase in assets. Twenty eight hundred dollars a month against 325,050 is 10.34%. Still on the high side. Forward twelve month dividends, distributions, and interest come to 31,395. That is 93.44% of my budgetary needs. In addition to distributions, I collected 1,163 in options premium during the month.
It was another good month for spending as there were no major home or auto expenses. Last month came in at 1,566 but the current month came in at 1,098. If the trend continues, I’ll deploy some of my excess withdrawals into closed end municipal bond funds during the year.
In other news, Disney calls look to expire in the money today. I will collect the 2.95 in premium plus a dollar in short term capital gains for having shares called away at a profit.
Devour your prey raptors!