Down 1.75% this month.

music selection:  “Yankee Rose” — David Lee Roth

weigh-in:  212.4 +1.6 – doh!

 

ASSETS:

Wells Fargo (taxable): This is up from 28,697 to 28,860.  A gain of 163 dollars or 0.57%.  The compositions is a little different in that I sold CPLP to harvest the tax loss and replaced it with AGC.

Interactive Brokers (taxable): This is down to 254,752 from 258,232.  That is a decline of 3,480 or 1.35% versus last month.

Interactive Brokers (tIRA): This is down to 128,571 from 130,754.  The decline is 2,183 or 1.67% versus last month.

Checking: This is down from 10,777 to 8,760, a decline of 2,017 or 18.72% from last month. The main drivers to the decline were paying school tax and homeowner’s insurance.

Total Assets: Down from 428,460 to 420,943, a 1.75% decline over the previous month.

 

LIABILITIES:

House: Paid

Car: Paid

Taxes: I have harvested enough tax losses to eliminate my additional tax liability for the year and to qualify for an Obamacare subsidy.  W00t!

 

WITHDRAWAL RATE:

Projected twelve month withdrawals is being updated this month to reflect the change in distributions in my Wells Fargo account to checking.  That figure now stands at 23,784.  Against a total liquid networth of 420,943, the withdrawal rate is 5.65%.  Offsetting the budget is projected twelve month distributions, dividends, and interest which comes to 25,664.   That comes out to 107.91% of my budget.  I also earned 1,695 in options premiums in the month of October, bringing my yearly total to 22,675.

 

SPENDING:

Spending is up big this month to 3,329. Almost two thousand of that is for home insurance and real estate taxes.  I have two more real estate tax bills coming for about 1,700 dollars.  I’ll be above monthly target for the rest of the year but it looks like the annual budget will come in under target.

 

Devour your prey raptors!

Financial Transparency 31OCT2016

Never miss another opportunity to devour prey!

8 thoughts on “Financial Transparency 31OCT2016

  • November 1, 2016 at 3:10 pm
    Permalink

    It must be tempting to just put all your chips into a high yield bond fund like HYG or JNK, or into a preferred stock fund like PFF. All these, plus a lot of REITs yield more than your withdraw rate.

    Reply
    • November 1, 2016 at 11:02 pm
      Permalink

      I’m not tempted to pile into HYG or JNK at all. I think those funds are due to get spanked. The spread versus Treasuries is at an all time low. Those funds are in bubble territory. For sure I have a large exposure to high yield though. It’s how I keep my dividends, interest, and distributions ahead of budget.

      Reply
  • November 1, 2016 at 8:59 pm
    Permalink

    It is so great to see how far ahead you are so far this year. And it also seems like your withdrawal is getting to be closer to those more traditional early retirees.

    Keep it up FV!

    Reply
    • November 1, 2016 at 11:03 pm
      Permalink

      Thanks DGI. This is the first year I’ve tried to have a set withdrawal strategy. Previously, I just withdrew money as needed. 2800 a month I start with was just a very bad guess.

      Reply
  • November 3, 2016 at 6:30 am
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    Thanks for sharing this recent update. Those real estate tax bills are never fun but I guess part of being a homeowner. Nice job with those October options premiums too. I wouldn’t worry too much about your weigh in either. You can lose 1.6 in your sleep.

    Reply
    • November 3, 2016 at 6:48 pm
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      Thanks DH. I’m still fighting the good fight on the waistline. Good trip to gym today!

      Reply
  • November 6, 2016 at 3:31 am
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    You gave me a lot of motivation to pull the plug from my job next year. I actively trade the markets too.

    Reply
    • November 6, 2016 at 3:47 am
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      Gogogogogo! Giving people the confidence to eject from the corporate grind is what this blog is all about…

      Reply

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