It is time for monthly transparency and boy what a difference a month makes.

music selection:  “Wild Boys” — Duran Duran

ASSETS:

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.

LIABILITIES:

Home: paid

Car: paid

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.

WITHDRAWAL RATE:

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:

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.

OTHER INCOME:

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!

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Financial Transparency as of 31JAN2019

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4 thoughts on “Financial Transparency as of 31JAN2019

  • February 1, 2019 at 7:15 pm
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    That’s awesome VC. I am very happy to see such a big turnaround. That has to be a huge relief.

    Reply
  • February 1, 2019 at 7:58 pm
    Permalink

    Congratulations for not selling at the bottom! You “made” $63,237 in a month by doing almost nothing. (This is sarcasm directed at the way some people often talk about “making” and “losing” “money” while holding the same investment property over time.)

    I wonder if you will spread your tax losses across multiple years or cash in your tax deposits for immediate reinvestment? Will you be hiring someone to do your taxes?

    Reply
    • February 1, 2019 at 8:24 pm
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      I am very thankful for the ballast my fixed income investments provide. If I had been purely equity, I would have been savaged.

      I don’t let the tax tail wag the investing dog. I’ll apply how much ever losses to 2019 as I have gains. And I’ll take TLH of 3k for 2018. I do my own taxes and it is a real pain. But H&R block quoted me 900 last time I asked. I can do the work in about 4 hours so it makes sense to suffer through it. Big question this year is I’m going to have probably a close to 3,000 credit on top of almost 13k in prepayments; I may take a partial refund this year and at least put it in a 1 year CD so I’m not paying the government interest.

      Reply

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