May 2018 results.
music selection: “Wonderful Tonight” — Eric Clapton
Wells Fargo (taxable): This is up 394 dollars, a 1.33% gain versus last month. The new mark is at 30,062. Year to date, this account is down 2.02%, not fully recovered from the volatility events of January and February.
Interactive Brokers (taxable): This is up 17,784 to 305,253 a gain of 6.17% versus last month. Rising interest rates have begun to impact my fixed income investments. Year to date, this account is down 18,584 or 5.74%. This is largely driven by the dead money in the UVXY trade.
Interactive Brokers (tIRA): I show 383 in declines here this month to 166,438 which is good for a 0.23% monthly loss. I am watching my trailing stops here but nothing seems threatened at the moment. Year to date, this account is up 2.08%.
Checking: I’m up here to 12,612 a gain of 3.22% on the month and 4.99% on the year.
HSA: This account is up 179 dollars to 3,459. That is a 5.45% increase. This account is small and highly volatile as I have it entirely in the triple levered UPRO.
Total Assets: Back above the half a million mark. May finishes at 517,824. That is good for an overall monthly gain of 3.67%. Year to date, I am down 2.22. I am watching the yield curve closely for an inversion which will be my signal to tighten stops.
Taxes: I have a tax asset of 12,445. I will prepay another 500 this month.
I started with the local water board as a director this month. I will be paid 150 a month for my services. First check came out to 132 and change after OADSI and medicare taxes.
The budget remains set at 25,000. Against a liquid networth of 517,824 that is a withdrawal rate of 4.83%. Current annualized distributions, dividends, and interest come to 29,525 or 118.10% of budget. I also earned 4,278 in options income during May. Annual options earnings should easily cover the budget two times over this year.
A little more spendy than usual this month. I came in at 2,049 for the month of May. That is a 17,930 annual pace so far. October through December are more expensive as real estate taxes and insurance come due. Should come in well under the 25,000 target however.
Devour your prey raptors!