Up almost 13k on the month.

music selection:  “The Dungeons Are Calling” — Savatage

ASSETS:

Wells Fargo (taxable): This finished the month up 156 dollars at 23,211.  The gain is 0.68% on the month and 9.49% 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 1,503 on the month to 180,614 which is good for a 0.84% monthly gain.  Year to date, I am up here by 1.69%.

Interactive Brokers (tIRA): This account is up 11,956 on the month to 146,556. The monthly gain is 8.88% and the year to date gain is 20.37%.  I have pivoted in this account for insurance centric to small cap investing.

Interactive Brokers (Roth): This is up 629 dollars to 10,318.  The monthly gain is 6.49%,  and the year to date gain is 30.05%.  I no longer expect to make a Roth conversion this year as my side gig should produce enough income by year end to qualify me for ACA (Obamacare) subsidy.

HSA: This account is down 541 on the period to 13,242. That is a move of -3.92% on the month and 6.69% gain on the year.  I now expect to make a tax advantaged HSA contribution this year.

Checking: Cash is up to 10,532 from 9,401. That is a 12.03% increase from last month and 35.6% 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, NU and SKL 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 and another 700 to DEGEN.  I think everyone should have a small (not large!) amount of crypto currency as a hedge.  This account is down 2,052 on the month to 16,352, a loss of 11.15% and year to date gain of 111.56%.

Total investable assets come to 400,825 up 3.29% from 388,042 last month and up 44,533 year to date or 12.56%.

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.   If my side gig goes as expected, I will need to make new contributions as I will paid via 1099.

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 400,825 that is a withdrawal rate of 5.39%. I closed several options trades for a net gain of $203 during the month of June and am pacing 127.5% of 21,600 from options trades year to date. Additionally, my income centric approach to investing includes 9,834 in expected distributions, dividends, and interest for the year or an additional 45.53% of the new budget. Total budget for the year was covered by 172.99%. This should more than cover my spending for the year.  Trading performance has been very good year to date.

SPENDING:

Spending was 1,112 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.

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 but I have two candidates scheduled for final interviews.  Maybe July.

Devour your prey raptors!

Financial Transparency as of 30JUN2021

Never miss another opportunity to devour prey!

2 thoughts on “Financial Transparency as of 30JUN2021

  • July 1, 2021 at 10:02 pm
    Permalink

    Nice gain for the month! I will be very curious to see how your part time side hustle works out. My employer isn’t letting me work from home anymore. I still work full time but I’m considering quitting and getting some telecommute work to supplement my investments. In my taxable account I have 19,000 shares of the etf DIVO and 200 shares of cef CII. I don’t own my apt or car like you do. Living expenses are around $3k per month, which is roughly what my taxable investments throw off in income.

    Reply
    • July 2, 2021 at 6:02 pm
      Permalink

      jh,

      I can’t give individualized investment advice (don’t have the right licensing). But I am free to give lifestyle advice. If your basic budget is met passively, you have what is colloquially known as “FU money”. That is, there is nothing keeping you from taking career risks. Twenty hours a week of barista work while you look for contract work would let you coast to retirement with much less stress and much more felixibility. There is no time to wait when it comes to living life on your own terms if your risk of bankruptcy is nil.

      I’m expecting 3-8k in commissions this month (two candidates in final interviews) as I’m working what is known as a “split”. That is, I am subcontracted from another recruiting firm and I must share my commission with them. Starting later this month, the big boss is going to get our own clients. Commissions will go from 3-4k per job to 13-20k per placement. Two months from now, we will start up with “staffing” to generate recurring income. Withing six months, I should be pacing into 6 figures on a 20 hour a week part time basis. I’ve blocked out my schedule for all Fridays as time off and every other Monday. Twenty six 3 day weekends a year and twenty six 4 day weekends. Easy peasy.

      Reply

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