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Happy Halloween!

music selection:  “Raise Your Banner” — Within Temptation

ASSETS:

Wells Fargo (taxable): This finished the month down 282 dollars at 23,149.  The loss is 1.20% on the month and 9.20% 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 13,118 on the month to 177,933 which is good for a 7.96% monthly gain.  Year to date, I am down here by 0.19%.

Interactive Brokers (tIRA): This account is up 16,595 on the month to 154,347. The monthly gain is 12.05% and the year to date gain is 26.69%.  I have pivoted in this account from insurance centric to small cap investing.

Interactive Brokers (Roth): This is up 508 dollars to 8,898.  The monthly gain is 6.05%,  and the year to date gain is 7.16%.  My side gig is going very badly and I might not make enough to qualify for ACA subsidy.  A recharecterization from traditional may be in  order.

HSA: This account is up 316 dollars on the period to 13,278. That is a move of 2.44% on the month and 6.98% gain on the year.  I now expect to make a tax advantaged HSA contribution this year.

Checking: Cash is down to 8,159 from 11,794. That is a 30.82% decrease from last month and 5.05% gain year to date. Monthly withdrawals from the taxable brokerage are set at 1,800 a month, my new for 2021 target spending.

Total investable assets come to 420,583 up 9.96% from 382,471 last month and up 63,081 year to date or 17.64%.

LIABILITIES:

Home: paid

Car: paid

Income tax: I have a 5,382 tax asset.

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 420,583 that is a withdrawal rate of 5.14%. I closed several options trades for a net loss of $1,131 during the month of October and am pacing 160.4% of 21,600 from options trades year to date. Additionally, my income centric approach to investing includes 10,628 in expected distributions, dividends, and interest for the year or an additional 49.20% of the new budget. Total budget for the year was covered by 209.63%. This should more than cover my spending for the year.  Trading performance has been very good year to date.

SPENDING:

Spending was 4,977 for the month, which is well above the 1,800 target.  This is driven by year end taxes and insurance. It will now be effectively impossible to come in below budget for the year.  I have increased the budget to 1,800 a month withdrawals from taxable starting with the January withdrawal.

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.  The part time gig has produced zero commissions so far.  I have told the boss I won’t do any more third party clients.  They are a hassle and pay poorly in the event they close.  If he does not acquire his own clients as promised, I will be done with the role shortly.  I have one candidate in interviewing phase that might still place with commission around 3,000.

Devour your prey raptors!