A lack luster month for returns.
music selection: “You Better Run” — Pat Benatar
Wells Fargo (taxable): This finished the month at 30,941, down from 31,286 last month. The account is up 1,807 on the year or 6.20%.
Interactive Brokers (taxable): This finished the month up 1.54% at 300,974. The account is up 31,447 on the year or 11.67%.
Interactive Brokers (tIRA): This one was up 281 dollars to 149,687. Gains for the year come to 9,470 or 6.75%.
Checking: Cash on hand is down 163 dollars to 11,583. The change in cash since the beginning of the year is 3,140 or up 37.19%.
Total Liquid Networth is up 4,333 on the month to 493,184. Total gains for the year are 45,864 or 10.25%.
No real changes here.
Home – Paid
Car – Paid
Income tax liability is tracking to come in around 11,000 for 2017. I made another 500 dollar prepayment bringing my total prepayments to 9,510. I will make two more 500 dollar payments at each quarter end to bring my prepayment up to around 10,500. Should be sufficient to avoid underpayment penalties.
I am budgeting 25,000 for annual spending. Against a liquid networth of 493,184, that is a withdrawal rate of 5.07%. Projected 12 month dividends, distributions, and interest are 25,797 or enough to cover my needs without needing to make trades. I picked up 2,491 in additional trading income for the month. I am on pace to earn 26,254 in trading income for the year or 105% of budget. Total cash inflows should exceed 50,000 for the year, easily meeting my budgetary needs.
This was the spendiest month of the year so far. I spent 2,305 from checking, far above the 1,700 dollar average so far this year. There will be a couple of high spend months at year end when real estate taxes and insurance bills come due. But so far, I’m tracking to be about four thousand dollars under budget.
I collected a payment of 101.57 from Google AdSense for blog advertising. This was my second check since starting the blog. As an hourly rate, that comes out [embarrassing]. This remains a labor of love. At least I’m covering domain registration fees.
I’ll be back Monday with an update on options trades in Sirius XM (SIRI).
Devour your prey raptors!