Dec 2016 Income/ Expenses/ Portfolio Notes

Here it is to round out the year:

Income

Freelance Income: $19,880.50
Interest: $111
Fiverr Side Hustle: $1,224
Dividends – $185
Blog – $9.80 (up from $2.16 previous)

Dec Gross Profit: $21,410.30

Total for 2017: $229,903.81

Expenses

While I had a pretty good month income-wise, I really blew it on expenses this month:

Food: $951 – Been eating lots of organics & at whole foods. Completely blows up the food budget.

Fitness: $814 – I ended up signing up for a Lifetime Fitness membership (as part of my fitness resolution) and got a personal trainer – will probably scale this back next month.

Misc: $301

Payroll: $42

Proposal Software: $89

Shelter: $0

Car: $0

Child Support: $1589

Medical/ Insurance: $443.88

Taxes: $6800

Bookkeeper/ Accountant: $2300

Dec Expenses: $12,886

Thoughts: Really not happy with my performance here. Lots of room to improve and fat to trim. Thinking to do my own bookkeeping/ taxes in 2017 which should be a substantial savings. Shopping at trader joes should also help. Taxes should decrease next year with lower corporate tax rate (I hope)

Savings Rate

40%

Not bad, but considering my income, not great either. I’ll admit, I’m not the greatest frugalist, believing that increasing your income is a much more effective way to FI, but intelligent frugality is a virtue, so I’ll look to improve on this weakness next month.

Portfolio notes

Portfolio stands at about $121,000 as of Jan 1.

Overall I remain pleased with my holding performance, which has maintains alpha over a random basket of dividend stocks (SDY) or the S&P.

NVDA rallied up to $115 which is far above my fair market estimate, but the market remains a market, so I will continue the ride,  notwithstanding a short report that came up sending the stock tumbling to $106.

The Trump rally remains in full effect as we push towards 20,000, and I aim to make some dividend stock moves in January with about $10,000 which I threw into my 401k keogh to round out my employer contribution to myself for the month. I believe that the market will continue to inflate in 2017, despite hitting all time highs and several interest rate hike increases around the corner by the Fed. I also have another $18,000 which I can drop into my Keogh for 2017, but since my cash is starting to get lower, I might break this out over the year like most normal people. We’ll see.

Anyway, thanks for stopping by. Happy New Year! 🙂

 

10 Comments

  1. Doug January 1, 2017
    • Greg Gee January 2, 2017
  2. More Dividends January 1, 2017
    • Greg Gee January 2, 2017
  3. Dan January 2, 2017
    • Greg Gee January 2, 2017
  4. Jay January 2, 2017
    • Greg Gee January 2, 2017
  5. DivHut January 3, 2017
    • Greg Gee January 3, 2017

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