A really good month!

music selection: “Draggin’ The Line” Tommy James & The Shondells

weigh-in:  216.2 +2.4 – doh!

 

ASSETS:

Wells Fargo (taxable): This is up 3,599, driven by a 2,523 acquisition of PCI shares.  Closed End Municipal bond funds continue to outperform and are closing in on sell range.  Final tab – 28,387

Interactive Brokers (taxable): This is up over 14 percent from 221,849 to 252,944, with the biggest driver being UVXY puts.  Very happy with this performance

Interactive Brokers (tIRA): This is up 7.26% for the month from 118,707 to 127,329.  Gains were broadly distributed across the portfolio.

Checking: Cash on hand is down 1,975 from 10,936 to 8,961.  That is driven by the PCI purchase which is a reversal of previous withdrawals which will show up in a lowered Withdrawal Rate below.

Total Liquid Networth: This is up an impressive 10.99% from 376,280 to 417,621.   I take great joy in devouring prey this month.

 

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 24,863 after the return of the PCI funds from checking to Wells Fargo.  Compared to the liquid networth number of 417,621, my withdrawal rate has fallen to 5.95%.  I’m very comfortable with this rate of depletion.  Offsetting withdrawals are gains from short option contracts of 1,805 for month and gains on selling UVXY puts of 1,786.  That is a total of 3,591 for the month and exceeds the monthly budget. In addition, Projected twelve month interest, dividends, and distributions comes to 26,317 or 105.85% of my budget.  I’m sitting pretty.

 

SPENDING:

This month of spending was the highest for the year at 2,080.  I should be done with home repair expenses for awhile now and hope to see this number decline.  If not, the high mark is still under the roughly 2,300 dollar budget for the month.  I do have to take taxes out of that but my liability is currently funded for the year with income tax refunds I let the service retain for future liabilities.

 

Devour your prey raptors!

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Financial Transparency 31JUL2016

Never miss another opportunity to devour prey!

2 thoughts on “Financial Transparency 31JUL2016

  • August 2, 2016 at 5:27 am
    Permalink

    Very impressive result! congratulations!

    keep up the good work!
    best regards
    Chri

    Reply
  • August 3, 2016 at 11:42 am
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    Velociraptor you are sitting pretty! My weight always goes up around vacation time in the summer. We will see if I can keep it level at least this year.
    Cheers,
    DFG

    Reply

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