It was another good month.

music selection:  “Kryptonite” — 3 Doors Down

 

ASSETS:

Wells Fargo (taxable): This closed the month at 24,231 up 13.49% from 21,430, driven by the purchase of HNW during the month.

Interactive Brokers (taxable): A nice move here from 184,835 to 205,352.  A move of 11.10% despite withdrawing 2,000 during the month for living expenses.  Gains were broadly distributed across the portfolio with no main driver.

Interactive Brokers (tIRA): This finished the month at 117,587, up from 108,137 last month.  A gain of 8.74%.  Driven largely by a gain in a long UVXY put.

Checking: Cash on hand is slightly down from 10,648 to 9,947, a decline of 6.58%.

Total liquid networth is 357,207.  A pretty good place to be.

 

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:

Projected twelve month withdrawals are unchanged at 27,386.  Against a liquid networth of 357,386, that is a withdrawal rate of 7.66%.  Projected twelve month dividends, distributions, and interest are 26,020 or 95.01% of my withdrawal needs.  I picked up 1,128 in options premium in May and am averaging 1,481 per month for the year.

 

SPENDING:

I was able to keep spending below target but just barely this month.  Spending came in at a round 2,000.  There were some extra expenses such as auto insurance and home repairs last month.

 

OTHER:

I got my first ever check from Google AdSense for the blog during the month: $103.54.  I won’t put that into an hourly wage because it would make me depressed.  The blog is a labor of love.

Devour your prey raptors!

Sharing is caring!

Financial Transparency 31MAY2016

Never miss another opportunity to devour prey!

7 thoughts on “Financial Transparency 31MAY2016

  • June 1, 2016 at 3:08 pm
    Permalink

    I’m doing pretty well off those UVXY puts too! Cashed in my Jan2017 10 puts for a 48% increase! I’ll wait and try this again next volatility spike.

    Reply
  • June 2, 2016 at 8:05 pm
    Permalink

    With 95 pct of your expenses covered by passive income and way more than 5 pct via option, you are on a roll!
    Consider the 103 from Google as a nice bonus.

    Reply
  • June 5, 2016 at 3:27 am
    Permalink

    Just came to say this is pretty inspiring …Thanks for sharing. I’m at around 200k liquid NW myself hoping to hit 500 before I turn 30 and follow your footsteps!

    Reply
  • June 6, 2016 at 5:06 am
    Permalink

    Hi, you average option premium income is very nice. hope to get there soon 🙂

    You are doing very well, keep it up!

    best regards

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.