Another month has passed.

music selection:  “Holy Wars…The Punishment Due” — Megadeath

 

ASSETS:

Wells Fargo (taxable): This is up 1,013 to 29,400.  There is a 10.71% yield on this account.  Sitting pretty.

Interactive Brokers (taxable): This up a trivial amount from 252,944 to 253,646.  Nothing noteworthy going on.

Interactive Brokers (tIRA): This is up 1.13% from 127,329 to 128,770.  Except for UVXY puts, this is in low Beta insurance stocks and is a slow and steady performer.

Checking: Cash on hand is up 595 dollars to 9,556.

Total Liquid Networth: This is up from 417,621 to 421,372.  That is a 0.90% monthly increase, which annualizes to over 10% a year.  Not too shabby.

 

LIABILITIES:

House: Paid

Car: Paid

Taxes: I currently have about 500 dollars in estimated tax liability unfunded.  I’ll top up the account with the service in early January.  Cash on hand is sufficient to meet the need.

 

WITHDRAWAL RATE:

Projected twelve month withdrawals come to 24,863.  Against a net worth of 421,372, that is an annual withdrawal rate of 5.90%.  Offsetting the drain was 1,335 in short options premiums for the month plus a short term capital gain on long UVXY puts of 4,920.  This 6,225 greatly exceeds the monthly draw.  In addition, my forward 12 months dividends, distributions, and interest currently come to 24,341 or 97.90% of the need.  I think I am well positioned for a 50% crash.

 

SPENDING:

This is down from a yearly high of 2,080 last month to 1,320 this month.  My average monthly spending so far this year has been 1,550.  If I continue that pace, I will be about 6,300 dollars under budget.  Looked at another way, my withdrawal rate could be as low as 4.41%

 

Devour your prey raptors!

Financial Transparency 31AUG2016

Never miss another opportunity to devour prey!

4 thoughts on “Financial Transparency 31AUG2016

  • September 1, 2016 at 8:23 pm
    Permalink

    Lizard King – Great Job !!! How detail do you track your monthly expense? and how ? Thanks, Jason

    Reply
    • September 1, 2016 at 8:40 pm
      Permalink

      Jason,

      I don’t get into much detail on my monthly expense tracking. I don’t use cash, everything goes on a 2% cash back rewards credit card or is direct draft from my checking. I look at my online checking statement each month end and add up the debits. If I want to know the particulars, I need to open my credit card statement.

      Reply
  • September 3, 2016 at 2:54 pm
    Permalink

    Hey lizard king. Great numbers on passive income and options vs monthly spending!

    Reply

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