Yes. Mafungulated. In a state of drekitude. Gone guacapoopie.
I’m transferring all our money from Morgan Stanley to Vanguard, which means I have money scattered thither and yon, in the high countries and the low, to the heavens and on earth, in the deep and on land, hence and whence…
Leaving MS is a smart $$$ move, but being in mid-transfer means I can’t accurately review our spending vs. targets at the moment. Root of the trouble is that I had to shut down two managed funds and transfer their component stocks–of which there are roughly 150–to my Vanguard brokerage account. Some are gas companies, some are tech stocks, some are grocery chains, etc.
And so Personal Capital‘s monthly reports are as useful as a soup sandwich. Check this out:
This is no fault of Personal Capital’s, of course, but rather the labeling of our transfers. I can say without fear of contradiction that we didn’t spend $73,532 on “other”…what happened was that I sent $73,532 in post-tax “other”-categoried stocks from Morgan Stanley to Vanguard. And while Morgan Stanley’s reporting its side of the transfer as spending, Vanguard’s reporting its end as a transfer and not income.
I could, I guess, roll up my sleeves and work through our numbers line-by-line.
But screw that noise, because if your spending habits are truly well-established, you oughtta be able to navigate for a month or two without a map…especially if you maintain an annual withdrawal rate of less than 4%. Your financial situation will be relatively stable.
So I won’t be presenting an accurate “here’s how we did” this month. But I can say the probability is high that we came in at or near our spending target of $4,100, and that our net worth is roughly $2.275 million.
I’m cool with that.
Note: complicating that net worth number is that Zillow continues to be the font of all bastardy. As I’ve said, I like to include the–well, for the sake of argument let’s call it “mark-to-market”–value of our home in our net worth. Which is all well and good, except that I rely on Zillow’s “Zestimate” for that number.
I don’t know what the hell happened, but in August Zillow cut the supposed value of our home from its July valuation of $379,632 to its current valuation of $362,825–roughly $17,000.
Why? Who the hell knows. I guess the shaman who flung the magic elk knucklebones against the cave wall must’ve interpreted the results differently this time around. So be it.
So there you have our current situation. All this will be smoothed out by September, so ya’ll stay tuned.