Up 21k on the month.
music selection: “I Love It Loud” — KISS
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.
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.
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 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.
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!