It is time for monthly transparency and boy what a difference a month makes.
music selection: “Wild Boys” — Duran Duran
Wells Fargo (taxable): This finished the month at 28,542 up from 26,378 at last month end. That is a 8.20% monthly gain.
Interactive Brokers (taxable): Here I finished the month at 208,647 up from 159,221 last month. That is a monthly gain of 31.04%.
Interactive Brokers (tIRA): This account is down to 156,669 from 146,729 last month. The monthly gain is 6.77%. Feel pretty good about the long term performance of this mostly property and casualty insurance portfolio.
HSA: This account is up 404 on the period to 2,971. That is a 15.74% move in the right direction. This account is still “small” and will see wild swings until it has more ballast. I spent about 120 dollars on medicine in the month for 90 day refills.
Checking: Cash is up to 9,891 from 8,588. That is a 15.17% increase from last month. I’m currently holding off on making this year’s cash contribution to my HSA to conserve cash.
Total investable assets come to 406,720 up 18.41% from 343,483 last month.
Don’t forget to see the long term trend at Lizard King’s Transparency Page.
Income tax: I have a 12,945 tax asset on deposit with the service. Because of the mishap with UVXY, I expect to have a trivial tax liability this year and should even qualify for the maximum ACA subsidy. Net tax rate could be negative for 2018.
I have automatic withdrawals from my taxable investing accounts set to provide a cash income of 25,000 a year. Against a liquid net worth of 406,720 that is a withdrawal rate of 6.15%. I earned 2.075 in options premium income during the month of January. Additionally, my income centric approach to investing includes 26,809 in expected distributions, dividends, and interest for the year or an additional 107.24% of budget. In the event of a downtown, I should be immune to the need to “sell at the bottom”. At the same time, I can expect steady and robust growth to keep ahead of inflation.
Spending was 1,574 for the month, which is well under the 2,000 target. I will be spending much less on Stansberry products now that I have a Choice account allowing access to 10 services with my PWA subscription combined. This should allow me to come in under budget for the year and for the foreseeable future. A transfer from cash to HSA will come later in the year.
I earned 750 this month or 692 after payroll taxes for my efforts at the Memorial Hills UD municipal water board. It is a small amount but over a year’s time it adds up to another full social security credit. This should improve my eventual payout when I reach qualifying age.
Devour your prey raptors!