Financial Transparency As Of 31JUL2018

Each month, I break down my finances and financial progress.  This serves primarily to keep me accountable.  I hope it also helps others see the power of an income centric approach to early retirement investing.  Today’s report covers the month of July 2018 with year to date updates.

music selection:  “Love Walks In” — Van Halen


Wells Fargo (taxable): This finished the month at 30,333, down from 29,851 at last month end.  That is a 1.61% monthly gain.  Year to date, this account is down 348 or 1.13%.

Interactive Brokers (taxable): Here I finished the month at 303,464 up from 290,093 last month.  That is a monthly gain of 4.61% and a year to date result of minus 6.29%.  The annualized loss is my first one in several years and is driven by the unexpected change in leverage at UVXY from 2x to 1.5x.  I was unprepared for the announcement.

Interactive Brokers (tIRA): This account is also up to 171,648, from 165,79 last month.  The monthly gain is 3.53% and my year to date result is a 5.28% gain.

Checking: Cash is a bright spot up to 11,880 from 11,535.  That is an even 3% growth from last month.  Year to date cash has changed by minus 1.11%

Total investable assets come to 521,122 up 4.06% from 500,772 last month.  That is a 4.06% monthly gain.  The year to date mark is minus 1.60%

Don’t forget to see the long term trend at Lizard King’s Transparency Page.


Home: paid

Car: paid

Income tax: I have a 12,945 tax asset on deposit with the service.  Because of the mishap with UVXY, I expect to have a trivial tax liability this year and should even qualify for the maximum ACA subsidy.  Net tax rate could be negative for 2018.


I have automatic withdrawals from my taxable investing accounts set to provide a cash income of 25,000 a year.  Against a liquid net worth of 521,122, that is a withdrawal rate of 4.80%.  I earned 2,257 in options premium income during the month of July and am on pace to earn 40,326 in options for the year or 1.61 times budget.  Additionally, my income centric approach to investing includes 26,435 in expected distributions, dividends, and interest for the year or an additional 105.74% of budget.  In the event of a downtown, I should be immune to the need to “sell at the bottom”.  At the same time, I can expect steady and robust growth to keep ahead of inflation.

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