Up 21k on the month.

music selection:  “I Love It Loud” — KISS

ASSETS:

Wells Fargo (taxable): This finished the month up 631 dollars at 21,781.  The gain is 2.98% on the month and 2.76% gain year to date. This account also produces $137 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 down 448 on the month to 180,743 which is good for a 0.25% monthly loss.  Year to date, I am up here by 1.39%.

Interactive Brokers (tIRA): This account is up 16,637 on the month to 156,238. The monthly gain is 11.92% and the year to date gain is 28.25%.  I have pivoted in this account for insurance centric to small cap investing.

Interactive Brokers (Roth): This is up 1,337 dollars to 9,961.  The monthly gain is 15.5%,  and the year to date gain is 19.94%.  I expect to make a tIRA to Roth conversion in before filing taxes for 2020.

HSA: This account is down 28 on the period to 12,226. That is a move of 0.23% on the month and 1.50% loss on the year.  I do not expect to make a tax advantaged contribution this year.

Checking: Cash is up to 9,184 from 9,059. That is a 1.38% increase from last month and 18.24% gain year to date. Monthly withdrawals from the taxable brokerage are set at 1,800 a month, my new for 2021 target spending.

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, FIL, BAND, ALGO, and NU 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.  This account is up 3,078 on the month to 13,612, a gain of 29.22% and  year to date gain of 76.12%.

Total investable assets come to 403,748 up 5.58% from 382,415 last month and up 46,246 year to date or 12.94%.

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 9,685 tax asset that I expect to be wiped out when I file taxes due to last year’s 50,000 early withdrawal from tIRA.

WITHDRAWAL RATE:

I have increased my budget to 1,800 a month.  I am going to calculate my withdrawal rate against (21,600) going forward. Against a liquid net worth of 403,748 that is a withdrawal rate of 5.35%. I closed several options trades for a net loss of  $31 during the month of February and covered 123.29% of 21,600 from options trades year to date. Additionally, my income centric approach to investing includes 9,827 in expected distributions, dividends, and interest for the year or an additional 45.50% of the new budget. Total budget for the year was covered by 168.89%. This should more than cover my spending for the year.  Options performance is not currently very good.  I need a market rally in the next three weeks to get back on track.

SPENDING:

Spending was 1,921 for the month, which is above the 1,800 target.  I have increased the budget to 1,800 a month withdrawals from taxable starting with the January withdrawal.  I had thought I needed to tighten my belt but I made it by just fine.  The current strategy to trade bear put spreads is highly defensive and profits (faster) if and when the market tanks again.

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 $2,075 on the month.  I think I can reasonably keep up a $2,000/month pace.  I have abandoned the search for part time non profit work at least until COVID passes.  No one is interviewing until social distancing is over.

Devour your prey raptors!

Financial Transparency as of 28FEB2021

Never miss another opportunity to devour prey!

2 thoughts on “Financial Transparency as of 28FEB2021

  • March 2, 2021 at 4:50 pm
    Permalink

    Kudos on getting the WR under 6%!

    I just did an ATM bear put spread on TLT. I think the 10y is going to 2% or beyond this year – back to pre-pandemic levels, so I opted to gamble on a 100% gain or loss. However this would tank in the event of a recession/correction, and rates are notoriously unpredictable, so it’s a small bet. There may be safer spreads out of the money. Just an idea from someone with a horrible track record.

    I’ve also been holding 900+ shares of XLE for a few weeks, while selling short-duration covered calls around the .1 delta, which has delivered 17% this month.

    Another idea: If you have time on your hands and want a work-from-home marketable skill, try your hand at becoming a Salesforce admin. The training is free at https://trailhead.salesforce.com/en/home. If you are able to put a couple hundred hours into this, you’ll have a possible freelance opportunity that may out-earn and out-flex your previous career.

    Reply
    • March 2, 2021 at 5:29 pm
      Permalink

      Thanks!

      I think you are right about the 10yr going up to maybe as high as 3%. I just can’t say with certainty what the time frame for that is.

      Have to admit I don’t follow XLE. I stay somewhat in touch with what is going on with oilfield services because my old coworkers are still in that game. But it isn’t where I want to be invested until the service cos make a strong move into installing and maintaining renewables. The European majors are divesting of their O&G (or at least letting them deplete and run off the balance sheet) and going big on renewables. The future of energy is far less carbon intensive. And I’m not an ideologue. There will be some oil and gas in the mix, probably forever. But the days of carbon dominance are coming to an end.

      Interesting about salesforce admin. I have an interview today with a proprietary trading desk company. They present themselves as being in the business of hiring and training traders to work their book but my spidey sense is tingling. Something seems not quite right. If it turns out to be some kind of scam I might look at the salesforce thing.

      Reply

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