Another month in the bag.

music selection:  “Say It Right” — Nelly Furtado

Each month, I review my financial results for the period and year to date.  This includes a summary of my spending, budget, and some ratios to benchmark portfolio performance.  Hopefully, someone is inspired by this to achieve Financial Independence.

 

ASSETS:
Wells Fargo (taxable): This finished the month up 22 dollars at 28,999.  That is a 0.08% monthly increase and good for 9.94% annual gain.  This account also produces 9.03% in annual distributions, which sweep to my checking.

Interactive Brokers (taxable): Here I finished the month at 198,473 down from 199,918 last month.  That is a monthly loss of 0.72 and year to date gain of 24.65%.

Interactive Brokers (tIRA): This account is up 3,354 to 164,071 versus last month.  The monthly gain is 2.09 and the year to date gain is 11.82% despite converting about 13,000 to Roth.

Interactive Brokers (Roth): This is up 198 dollars to 13,220.  The monthly gain is 1.52% and the year to date gain is meaningless as the account started the year at 0.

HSA: This account is up 747 on the period to 8,610.  That is a 9.5% move in the right direction or 156.89% gain year to date, driven largely by my annual contribution.  This account is still “small” and will see wild swings until it has more ballast.

Checking: Cash is down to 12,615 from 15,088.  That is a 16.39% decrease from last month and 153.93% gain year to date.  I have suspended my monthly withdrawals from Interactive Brokers through the end of the year as I am flush with cash.  This will allow me to raise some brokerage cash for the downturn.

Total investable assets come to 425,988 up 0.09% from 425,585 last month and up 26.11% from 343,483 year to date.

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 7,050 income tax prepayment asset  I hope to get my estimate “about right” this year.  I have been carrying too much prepayment so far in early retirement.  I am over estimated and will not be making a fourth estimated tax payment after the first of the year.  I have converted some of my tIRA to Roth to increase my MAGI for ACA subsidy purposes.  The net result will be almost free healthcare and a tax refund in April/May.

 

WITHDRAWAL RATE:

I have suspended withdrawals from my taxable investing accounts set to provide a cash income of 25,000 a year.  I am instead drawing down cash but I continue to use the 25,000 number to calculate withdrawal rate.  Against a liquid net worth of 425,988 that is a withdrawal rate of 5.87%.  I earned 1,082 in options premium income during the month of November.  I’m trending to earn 55% of budget from options trades this year.  Additionally, my income centric approach to investing includes 260,34 in expected distributions, dividends, and interest for the year or an additional 104.14% of budget.  Total budget is estimated to be covered 158.88%.  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.  I’ll update at year year to reflect withdrawal rate versus actual spending.

 

SPENDING:

Spending was 2,827 for the month, which is well above the 2,000 target.   I’m well under budget for the year but my expensive months are here and I have one more real estate tax bill due in the mail.  December should come in under budget by a hair though leaving me thousands below budget for the year.

 

OTHER INCOME:

I picked up 131 dollars from my efforts on the local Water Board.

Devour your prey raptors!

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Financial Transparency as of 30NOV2019

Never miss another opportunity to devour prey!

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