Up 6,457 on the month.

music selection:  “Keep The Light On” — Jerry Cantrell

ASSETS:

Wells Fargo (taxable): This finished the month up 247 dollars at 22,031.  The gain is 1.13% on the month and 3.92% 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 up 9,034 on the month to 189,777 which is good for a 5.00% monthly gain.  Year to date, I am up here by 6.46%.

Interactive Brokers (tIRA): This account is down 9,785 on the month to 146,342. The monthly loss is 6.33% and the year to date gain is 20.12%.  I have pivoted in this account for insurance centric to small cap investing.

Interactive Brokers (Roth): This is up 463 dollars to 10,424.  The monthly gain is 4.65%,  and the year to date gain is 25.51%.  I expect to make a tIRA to Roth conversion in before filing taxes for 2021.

HSA: This account is up 430 on the period to 12,656. That is a move of 3.52% on the month and 1.97% gain on the year.  I do not expect to make a tax advantaged contribution this year.

Checking: Cash is up to 11,471 from 9,184. That is a 24.90% increase from last month and 47.69% 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 3,892 on the month to 17,507, a gain of 28.59% and year to date gain of 126.47%.

Total investable assets come to 410,205 up 1.60% from 403,748 last month and up 52,702 year to date or 14.74%.

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 410,205 that is a withdrawal rate of 5.26%. I closed several options trades for a net gain of  $8,751 during the month of March and am pacing 244.31% of 21,600 from options trades year to date. Additionally, my income centric approach to investing includes 10,260 in expected distributions, dividends, and interest for the year or an additional 47.50% of the new budget. Total budget for the year was covered by 291.81%. This should more than cover my spending for the year.  Trading performance has been very good year to date.

SPENDING:

Spending was 1,378 for the month, which is well below 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 $2,076 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 31MAR2021

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4 thoughts on “Financial Transparency as of 31MAR2021

  • April 8, 2021 at 1:27 pm
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    It’s hard for me to be bearish after receiving $4800 in helicopter money, getting my vaccine, watching my employer slowly realize they can save millions by having us WFH, and knowing everyone else is in the same position. All earnings-related metrics reflect a severe recession in the past 12 mos so we’re better off anticipating a quick return to 2019 earnings and beyond. I’ve put a few hundred thousand in triple-leveraged ETFs until I can formulate a 3x options strategy. After a year of expensive options, implied vol / the VIX is now low enough to do such things.

    Reply

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