Image Source: Pexels

FINANCIAL TRANSPARENCY AS OF 31DEC2021

Music selection: "Hungry Like The Wolf" -- Duran Duran

ASSETS:

Wells Fargo (taxable): This finished the month up 157 dollars at 22,717. The gain is 0.7% on the month and 7.16% 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. WFC.

Interactive Brokers (taxable): This is up 8,892 on the month to 175,385 which is good for a 5.34% monthly gain. Year to date, I am down here by 1.62%. IBKR

Interactive Brokers (tIRA): This account finished 117,824 on the month. There was a conversion to Roth.

Interactive Brokers (Roth): This is up to 27,193. I think I got the conversion right to maximize ACA subsidy.

HSA: This account is down 230 on the period to 13,022. That is a move of 1.73% on the month and 4.92% gain on the year.

Checking: Cash is down to 7,641 from 9,488. That is a 19.74% decrease from last month, driven by 2,100 contribution to Roth and 1.62% decrease 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 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 6,491 on the month to 28,438, a loss of 18.58% and year to date gain of 267.93%.

Total investable assets come to 392,220 down 3.98% from 408,465 last month and up 34,718 year to date or 9.71%. Adding back spending brings my YTD return to 16.58%

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 392,220 that is a withdrawal rate of 6.37%. I closed several options trades for a net gain of $4,952 during the month of December and returned 191.69% of 21,600 from options trades year to date. Additionally, my income centric approach to investing includes 10,558 in expected distributions, dividends, and interest for the year or an additional 48.88% of the new budget. Total budget for the year was covered by 240.57%. This should more than cover my spending for the year. Trading performance has been very good year to date.

SPENDING:

Spending was 2,566 for the month, which is well above 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 $2,082 on the month. I think I can reasonably keep up a $2,000/month pace.

Devour your prey raptors!