Up 45k on the  month.

music selection:  “On The Dark Side” — John Cafferty & The Beaver Brown Band

Spending is way over target.  I paid the remaining real estate taxes for the year.  I can’t realistically meet my spending target for the year now but should come in less than last year.   The non-profit gig remains on hold pending social distancing requirements.

ASSETS:

Wells Fargo (taxable): This finished the month up 1,880 dollars at 20,602.  The gain is 10.04% on the month and 29.32% decline year to date. This account also produces $141.00 in monthly distributions, which sweep to my checking.  I’ll be looking for more Closed End Funds to buy in that account as funds are available.

Interactive Brokers (taxable): This is up 28,471 on the month to 170,004 which is good for a 20.12% monthly gain!  Year to date, I am down here by 7.84%.

Interactive Brokers (tIRA): This account is up 15,085 on the month. The monthly gain is 17.99% and the year to date loss is 40.50%, driven by my 50k distribution to taxable.

Interactive Brokers (Roth): This is up 913 dollars to 7,827.  The monthly gain is 13.21%,  and the year to date loss is 43.36%, driven by complete losses for shares held long in MRRL.

HSA: This account is up 1,118 on the period to 11,829. That is a move of 10.44% on the month and 25.32% gain on the year.  I had withdrawals for medications.

Checking: Cash is down to 7,464 from 9,663. That is a 22.76% decrease from last month and 28.79% loss year to date. Monthly withdrawals from the taxable brokerage are set at 1,500 a month, my target spending.

Coins: I sold all my collectible coins to put the proceeds towards crypto.  I think BTC and ETH are better investments than precious metals right now plus they earn interest at BlockFI.

Crypto: I recently got started with Coinbase and BlockFI.  I earned $10 in free bitcoin for depositing and converting to coin $100.  I’ve earned an addition coin in CGLD, MKR, EOS, XLM, COMP, and ALGO for completing short educational videos at Coinbase.  You can do the same at the following affiliate link: https://www.coinbase.com/join/dauzat_2kq  If you do so, you will earn $10 in free Bitcoin for depositing at least $100 and I will earn the same bonus.  (Much appreciated).  I think everyone should have a small (not large!) amount of crypto currency as a hedge.  After selling my coins this account is up to 5,384.

Total investable assets come to 322,247 up 16.23% from 277,476 last month and down 91,373 year to date or 22.09%.

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 9,865 income tax prepayment asset. This is all held to offset the tax hit from my tIRA conversion to taxable.  I will probably need to make an estimated payment in January.

WITHDRAWAL RATE:

I am resuming withdrawals from my taxable investing accounts set to provide a cash income of 18,000 a year.  I am going to calculate my withdrawal rate against a tightened budget of (18,000) going forward. Against a liquid net worth of 322,247 that is a withdrawal rate of 5.59%. I gained 3,388 in closed options trades during the month of Novober and am pacing for covering 243% of 18,000 from options trades. Additionally, my income centric approach to investing includes 12,355 in expected distributions, dividends, and interest for the year or an additional 68.64% of the new budget. Total budget is estimated to be covered by 311.65%. Assuming last year’s spending is necessary, I am still covered.  The options performance is picking up and I hope to deploy some profits into more closed end funds with yield to get my passive income back above budget.

SPENDING:

Spending was 4,074 for the month, which is well above the 1,500 target.  I had to pay the real estate taxes for the year which are kind of high in Texas as we have no state income tax.  I’m pacing 2,151/month in spending so far. I can no longer make the spending target for the year and still have two real estate tax payments plus Christmas coming ahead.  I should come in well below last year’s spending however.

OTHER INCOME:

I picked up 150 dollars from my efforts on the local Water Board.  This  plus cash swept from taxable brokerage accounts come to $1,775 on the month.  I think I can reasonably keep up a $2,000/month pace but I am trying to belt tighten a little until I can trade my way out of a hole.  I am exploring employment opportunities as a contractor or as non-profit personnel.  If I can make 20k in a year as a contract (easy?) that seals the deal.  I prefer a non-profit even it is doesn’t pay well.   I want to feel good about what I am doing.

Devour your prey raptors!

Financial Transparency as of 30NOV2020

Never miss another opportunity to devour prey!

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