It was a pretty good month.

music selection:  “King of Pain” — The Police

weigh-in:  217.6 (0.6)

 

ASSETS:

Wells Fargo (taxable): This finished the month at 24,569, up from 21,430 last month.  The main driver in this 14.65% increase was the purchase of HNW during the month.

Interactive Brokers (taxable): This finished the month up 7.93% at 199,500.  Gains were across the board.

Interactive Brokers (tIRA): This one was up 2.83% to 111,200.  Improvement in positions in the integrated oil majors was the cause.

Checking: Cash on hand is down 9.79% to 9,606.  I used cash from this account to buy HNW.

Total Liquid Networth is up 6.1% from 325,050 to 344,875.  That is still down 1.37% from the high water mark established at year end.

 

LIABILITIES:

No real changes here.

Home – Paid

Car – Paid

Income tax liability currently at a trivial amount thanks to qualifying for ACA credit.  UVXY gains could establish a tax liability later in the year so I’ll keep monitoring this.

 

WITHDRAWAL RATE:

There are some important changes here.  After evaluating long term spending, I decided to reduce the amount I draw from Interactive Brokers by ACH to 2,000 a month.  This is enhanced by about 300 a month in cash distributions from the Wells brokerage that automatically post to my checking.  I also put 2,514 previously withdrawn back into the portfolio.  My projected 12 month withdrawal is now 27,386.

Against total liquid networth of 344,875, my projected withdrawal rate is now 7.94%.  In addition, 93.89% of my withdrawal needs are met by projected dividends, distributions, and interest payments.

 

SPENDING:

Cash outflows grew some this month.  I spent 1,496 in the month.  This is up from 1,098 last month.  Since I’m withdrawing 2,300 a month, I still have a good amount of wiggle room.  The wiggle room is needed however as November through January of each year has extra expenses such as real estate taxes and insurance.

Devour your prey raptors!

 

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Financial Transparency as of 30APR2016

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