Another good month despite some Brexit volatility.

music selection:  “Tear Away” — Drowning Pool

 

ASSETS:

Wells Fargo (taxable): Gains here were trivial at $467 moving from 24,321 to 24,788.  Municipal bonds continue to perform well and some of the Closed End Funds now sell at a small premium to NAV.  I’ll be a seller at 10% or more premium.

Interactive Brokers (taxable): I did quite well here picking up 16,497 in gains while moving from 205,352 to 221,849, a gain of 8.03%.  My UVXY play was a major driver as the 5 strike puts are far less underwater.

Interactive Brokers (tIRA): Only a small move of 1,120 here from 117,587 to 118,707.  It is in the right direction though.

Checking: Cash on hand is up $989 from 9,947 to 10,936.  I have some items I purchased for the HOA that will come through as expenses next month but there should be offsetting reimbursements.

Total liquid networth: The grand total for the month is 376,280.  That is an increase of 5.34% and a new high water mark.

 

LIABILITIES:

No changes.

House: Paid

Car: Paid

Income tax liability currently met.  Continued short term gains could raise this liability but there should be cash to cover it.

 

WITHDRAWAL RATE:

Projected twelve month withdrawals are unchanged at 27,386.  Against a liquid networth of 376,280 that is a withdrawal rate of 7.28%.  Total distributions for the forward twelve month period sit at 27,159 or 99.17% of withdrawals.  Only a couple hundred dollars in annual options premium are needed to bridge the gap.  Meanwhile, I scored 2,047 in June premiums.  Average monthly premiums are now at 1,481.

 

SPENDING:

Total spending for the month chimed in at 1,139.  There were still a few home repair expenses in the form of paint and brushes but that repair is now complete.  The big ticket item continues to be my Obamacare premium at 243 a month.  I am staying well below withdrawals and building cash for year end.  Paint me a happy lizard.

Devour your prey raptors!

Financial Transparency 30JUN2016

Never miss another opportunity to devour prey!

2 thoughts on “Financial Transparency 30JUN2016

  • July 1, 2016 at 12:43 pm
    Permalink

    You should title this Pterodactyl Transparency because you’re flying high, my Cretaceous companion!

    Reply

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