Down 17k on the month.

Music selection:  “Fascination Street” — The Cure

ASSETS:

Wells Fargo (taxable): This finished the month up 213 dollars at 23,055.  The gain is 0.93% on the month and 8.76% 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 10,531 on the month to 179,111 which is good for a 5.55% monthly loss.  Year to date, I am up here by 0.47%.

Interactive Brokers (tIRA): This account is down 4,151 on the month to 134,600. The monthly loss is 2.99% and the year to date gain is 10.49%.  I have pivoted in this account for insurance centric to small cap investing.

Interactive Brokers (Roth): This is down 279 dollars to 9,689.  The monthly loss is 2.8%,  and the year to date gain is 16.66%.  I expect to make a tIRA to Roth conversion in before filing taxes for 2021.

HSA: This account is up 144 on the period to 13,783. That is a move of 1.06% on the month and 11.05% gain on the year.  I do not expect to make a tax advantaged HSA contribution this year.

Checking: Cash is up to 9,401 from 9,065. That is a 3.71% increase from last month and 21.04% 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 have added about 700 dollars in new money to an ETH/GOVI liquidity pool.  I think everyone should have a small (not large!) amount of crypto currency as a hedge.  This account is down 2,806 on the month to 18,401, a loss of 13.23% and year to date gain of 138.10%.

Total investable assets come to 388,042 down 4.21% from 405,116 last month and up 30,540 year to date or 8.54%.

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 5,382 tax asset that I do not expect to make further contributions to at this time.

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 388,042 that is a withdrawal rate of 5.57%. I closed several options trades for a net loss of  $3,341 during the month of May and am pacing 150.7% of 21,600 from options trades year to date. Additionally, my income centric approach to investing includes 10,523 in expected distributions, dividends, and interest for the year or an additional 48.72% of the new budget. Total budget for the year was covered by 199.42%. This should more than cover my spending for the year.  Trading performance has been very good year to date.

SPENDING:

Spending was 1,652 for the month, which is slightly 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.

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 started a part time work from home side gig as an executive recruiter.  No placements/commissions yet.  Maybe next month.

Devour your prey raptors!

Financial Transparency as of 31MAY2021

Never miss another opportunity to devour prey!

4 thoughts on “Financial Transparency as of 31MAY2021

  • June 7, 2021 at 8:01 pm
    Permalink

    I still think of your withdraw rate as the key metric. I’d be tempted to re-enter the FT workforce for two or three years to earn the $152k needed to hit 4%. But then again I understand those 2-3 years are worth more to you than a fully passive portfolio.

    Reply
    • June 8, 2021 at 12:53 am
      Permalink

      I am currently working part time, about 25 hours a week. A good friend offered me a make my own part time schedule gig as a recruiter. I’m in training now doing “splits” which are third party clients we share with another recruiting firm. Pays terrible commission but I will be well compensated starting mid to late July.

      Reply
  • June 15, 2021 at 7:48 pm
    Permalink

    Sorry May was a down month… at least you have 388k investable assets and you are also up 30k YTD, which is more than your ~22k/year expenses.

    We’re rooting for you.

    Reply

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