Image Source: Pexels

Music selection: "Faithfully" -- Journey

ASSETS:

Wells Fargo (taxable): This finished the month down 589 dollars at 22,560. The loss is 1.20% on the month and 6.42% 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 11,440 on the month to 166,492 which is good for a 6.43% monthly loss. Year to date, I am down here by 6.60%.

Interactive Brokers (tIRA): This account is down 672 on the month to 153,675. The monthly loss is 0.44% and the year to date gain is 26.14%. I have pivoted in this account for insurance centric to small cap investing.

Interactive Brokers (Roth): This is down 830 dollars to 8,068. The monthly loss is 9.33%, and the year to date loss is 2.85%. I expect to make a tIRA to Roth conversion in before filing taxes for 2021.

HSA: This account is down 26 on the period to 13,252. That is a move of 0.20% on the month and 6.77% gain on the year.

Checking: Cash is up to 9,488 from 8,159. That is a 16.29% increase from last month and 22.16% 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. 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 up 110 on the month to 34,929, a gain of 0.32% and year to date gain of 351.92%.

Total investable assets come to 408,465 down 2.68% from 420,583 last month and up 50,962 year to date or 14.26%.
 

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 408,465 that is a withdrawal rate of 5.29%. I closed several options trades for a net gain of $7,578 during the month of November and am pacing 184.11% of 21,600 from options trades year to date. Additionally, my income centric approach to investing includes 10,964 in expected distributions, dividends, and interest for the year or an additional 50.76% of the new budget. Total budget for the year was covered by 234.87%. This should more than cover my spending for the year. Trading performance has been very good year to date.

SPENDING:

Spending was 1,665 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. 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 $2,082 on the month. I think I can reasonably keep up a $2,000/month pace.

Devour your prey raptors!