Quarterly Update – Oct 2021

Well, it’s now mid-October, and I’ve had the opportunity to review performance for the 3rd qtr of 2021. With the September drop off in the market, the 3rd quarter ended up with fairly limited gains for my portfolio, but the other goals that I had for the year went better. Still not sure where the market is going to go in the near future, but since I don’t really attempt to market time all that much, it shouldn’t be too much of an issue.

My Goals for 2021 (some financial, some not):

Finance:

  • Save $29K in tax-advantaged accounts – 401K, and Roth IRA.  Grade B. Saved $4.1K in our 401Ks for the 1st qtr. Due to the size of my bonus, I’m not going to be eligible to do a Roth IRA contribution in 2021, so I’m just putting that money into my regular account.  
  • Save $41K in regular accounts.  Grade A. Put $9K into my savings, because I was going to do a Roth conversion of money for 2021, so I’d use this to pay the taxes. After doing the analysis, however, if I start pulling money out of my 401K/IRAs in advance of age 72, I end up with more money if I don’t do the Roth conversion. After October, I’ll be putting money back into the market.
  • Increase dividend income from all accounts to $27K/year (compared to 29K in 2019). Grade B. Dividends went back up a bit compared to to 2020, so it looks like we might hit our Dividend goal for 2021. Received $5,9K of dividends for 3rd qtr. Still need 4th Qtr to be bigger than last year.
  • Passive income covers 30.5% of base living expenses in retirement, estimated at $78K per year. Grade C, covered 28.8% for the first nine months of the year. However, my 401K and Deferred don’t report dividends separately, so I may not be getting the full amount. We will see.
  • Beat net worth growth rate of 7%. Grade A. Due to market and real estate value, the new worth is up 10.4% for the first nine months of 2021. Very hard to believe.  

Business:

  • Attend twelve SJREIA meetings. Grade A; I’ve attended twelve in the first nine months of 2021. My local market is pretty heated (like so many others). Still, its good to get the information.
  • Double the number of blog visitors in 2020. Grade F. Still not a large number of folks reading – maybe a little bump from last year.  Only 4,347 “hits” for 2021.
  • Sell $1,000 on TKD Woodworking (my side-hustle name). Grade: A. Sold $960 as of Sep 30th. Still have two more farmer’s markets to sell at, and these are typically the highest selling ones.
  • Setup funding for TKD homes. Grade A; I’ve got a significant amount of funds available now. Its invested in the market, but available for use to purchase houses with cash. While I’ve got a significant amount of money set aside to start this, I also need to explore additional funding methods.
  • Write/publish a book on finance.  Grade F: Haven’t done anything on this for a whole year. Not sure how to reboot this – need to try.

Personal:

  • Regular Workouts with Gymanstic Bodies internet system: Grade F: Was still doing this at the beginning of the quarter, but then got a shoulder injury and have been going through physical therapy for it. I am doing my PT religiously though – not sure if this counts.
  • Average 2 hours of cardio per week, which is about what I’m doing now. Grade A. Walking daily, so actually doing at least 3+ hours.
  • Backpack over 100 miles on AT (did around 50 miles in 2020). Grade: C: I had to cut my August trip short (The White Mountains in New Hampshire were brutal) so I’m at 55 miles. May end up around 90 miles for 2021.
  • Continue volunteering at Pennsbury Manor at their joiner’s shop (woodworking). Really enjoyed this. Incomplete. Site is still closed down
  • Reduce weight by 15 lbs. from Jan 2020 Again, I want to get in better shape as I get closer to financial independence. Grade C. I was down 3 lbs in 1st qtr, but only 1 lbs for 2nd quarter. Down 2 lbs in 3rd qtr. Still have a long way to go, and the virus is keeping me from eating as healthy as I’d like.
  • Read at least one book a month. I surpassed this goal in 2018, and re-learned the joy of reading. Grade A. Six more books in third quarter and I really enjoy it.

Travel:

  • Visit one national parks (that is the plan, right now). Grade: Incomplete
  • Visit family in Tennessee, Vermont and New York. Family is very important to me. One of the things I am looking forward to with financial independence is the opportunity to visit family more often. Visited brother in VT. I would like to go to NY for my wife’s family, but she’s reticent due to the Covid. Grade: Incomplete
  • A week with Mrs. 39 Months for our 35th anniversary. Grade: B. We didn’t do a full week, but we did do a long 4-day weekend on the western shore of Maryland. Very nice.
  • Visit Ellis Island. Still want to do this – its so close. As 50% Czech from immigrant great grandparents from the turn of the century, I believe they went through there, and I want to see it. Grade F. Cancelled.

How did your third quarter go this year?

Read more

Mr. 39  Months.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.