The Investment Road to Freedom

August 4th, 2013 at 3:40 pm

July 2013 – Month in Review

My June 2013 month in review had me fall short of reaching a portfolio of $20k but I knew this would be the month to break that barrier. The combination of new deposits, dividend and option income has helped me grow The Investment Road to Freedom fund and I feel like I am gaining momentum. Lets take a look at the month

New Purchases: None.

Sales: None.

Option Trades: $57.01

Coca-Cola (KO) – STO Sept2013 $40 put at $0.72 x 100. This earned me $57.01 after commission. This is in my Taxable account.

Total option income for 2013 stands at $123.16.

Option Trade Expiration Week:

Coca-Cola (KO) – STO JUN2013 $39 put – Expired.

Dividends: $2.24

  • Coca-Cola (KO) – $2.24

Total dividends for 2013 stand at $54.22.

Deposits: $709.80

Out of this figure $309.80 went to my 401K and$400 went to my taxable account. Total deposits for the year stand at $6429.52 or an average of $918.50 per month. My goal is $1000.

Investment Road to Freedom fund value:

The fund value stands at $20892.92 which is up 5.77% from the previous month or an increase of $1139.11.

The breakdown of the individual accounts show

  • 401k = $9607 +6.34%
  • IRA = $3257 +1.37%
  • Taxable = $5717 +8.98%
  • Other = $1753 +3.00%
  • EF = $556 +0.06%

Total Investment Income for 2013 from dividend, options and realized capital gains income: $448.06

Credit Card Debt: $4612.93 -2.77%

I need to work on lowering this.

Loan for Sofa: $73.03 -87.69%

We purchased a new sofa back in September with 12 months free interest. My last payment of $73.03 is pending and this will be paid off probably tomorrow.

Car Loan: $34087.46 -1.44%

New Toyota Tundra purchased on Memorial day. I’m looking forward to paying this down.

Mortgage: $169041 -0.28%

Our monthly payment is $1391. We are currently looking at refinancing so we can remove MIP .

Income from Pay: $3692.08

This is my take home amount.

Income from Credit Card Rewards: $75

$50 is from my American Express card and $25 from FNBO Credit card. I have earned $578.75 in credit card rewards this year.

Net-worth: $28252 +175.71%

Huge increase this month which is mainly down to the rise in house prices though paying down the sofa by $500 certainly helped. Each car payment increases my net-worth by $500 each time as well.

Lending Club:

I’m not including this in my Fund value. I have $100 invested so far in LC across 4 notes. I have just deposited another $25. I have received 8 payments so far – 7 have been completed on-time and 1 in the grace period. These 8 payments have totaled $5.84. Of this $3.80 is principal and $2.04 is interest and I have paid $0.08 in fees. I am looking to invest $25 every month until the end of 2014. At that point I will re-evaluate my view of the Lending Club.

Summary:

Really great month! I was very happy to break the $20k mark for portfolio value. My 2013 goal is $25k  and I think I have a good chance of reaching that. My net-worth took a huge jump due to rising home prices and now with with my equity level where it is I can refi to remove the MIP! Hope everyone had a great month!

 

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2
  • Liquid
    8:57 pm on August 14th, 2013 1

    Woohoo! Nice job on breaking the $20K mark. It’s nice to see real estate going up :) Like free equity without doing any work lol. Good luck hitting your portfolio goal by the end of the year.

  • investmentroadtofreedom.com
    10:47 am on August 15th, 2013 2

    Thanks Liquid! Real Estate has seen quite an increase as of late. A nice welcome for us home owners!

    Thanks for stopping by!