Wealth Dashboard · Jack

Total Wealth

—

Mar 2026 · live

prices updating…

Runway

13+ yrs

before touching core positions

4% Rule

—

vs €4K essentials floor

DCA

Apr due

€20K → VXUS · pending

Concentration

—

META · ceiling 15%

Cora 2026

€10K due

Patrimonio Protegido · not yet made

Your Three Buckets

Bucket 1 · Immediate Needs

€120,000

~2 years expenses · untouchable floor

Security, not return. Spend here first when income drops. Never invested. The floor that protects everything else.

Do not invest Always liquid

Bucket 2 · Deployment Capital

€280,000

€200K scheduled DCA + €80K tactical reserve

fetching YNAB…

DCA · €200K

€200K

10 × €20K · pre-committed

Reserve · €80K

€80K

Dry powder · conditional

Deploying gradually into VXUS-heavy ETFs. Reserve held for market corrections or FX opportunity.

Bucket 3 · Long-Term Growth

—

full invested portfolio · 8+ year horizon

The compounding engine. Never sell in a down market. Buckets 1 & 2 exist so this is never forced to sell at the wrong time.

Target 7–10% p.a. Growth focus

Where Your Wealth Sits

Total Distribution

Asset class breakdown

Key Numbers

Monthly Income

€6,000

net · business · variable

Active

Monthly Spend

€5,000

€4K essentials · €1K surplus

Within plan

Avg Unrealised Gain

—

brokerage positions (excl private)

Embedded gains

4% Rule / month

—

vs €4K floor

FIRE baseline met

Loading prices…

Prices live · Finnhub · Share counts updated on trade · Cost basis fixed

Portfolio Summary

Stocks

—

8 positions · Schwab

—

ETFs & Crypto

—

VOO · IVV · IBIT · ETHB

—

EUR Cash

—

10 accounts · YNAB live

—

Private & Property

—

Plaid · Epic · BCN equity

Illiquid · hardcoded

ROTH IRA

—

Fidelity · tax-advantaged

live · YNAB

Total Net Worth

—

All assets combined

—

Brokerage — Stocks (8 positions · Schwab)

Ticker	Shares	Price	Market Value	Cost Basis	Gain / Loss	% of Stocks	Status
Total Stocks			—	—	—	live · Finnhub

Brokerage — ETFs & Crypto (Schwab)

Ticker	Market Value	Cost Basis	Gain / Loss	Type · Role

Crypto
Total ETFs & Crypto	—	—	—	live · Finnhub

Brokerage — ROTH IRA (Fidelity)

Account	Broker	Value	Notes
ROTH IRA	Fidelity	—	US retirement · tax-advantaged · tracked via YNAB
Total ROTH IRA		—	live · YNAB

EUR Cash — Live from YNAB

Account	Bank	Balance	Type	Notes
ING 2.75%	ING	—	Savings	Bucket 1 floor · untouchable
Rev 3%	Revolut	—	Savings	Bucket 2 · DCA source
Checking	ING	—	Current	Day to day
Checking	Revolut	—	Current	Day to day
Checking	La Caixa	—	Current	Day to day
Flash Point	Venture	—	Returning	Closed · funds being returned
ING 1%	ING	—	Savings	Low rate · day to day buffer
Cora Depend.	Santander	—	Special	Cora · Dependencia account
BTC (Rev)	Revolut	—	Crypto	BTC held on Revolut
ROTH IRA	Fidelity	—	Retirement	US retirement account · tax-advantaged
Total EUR Cash		—	live · YNAB

Property

Property	Location	Est. Value	Equity	Status
BCN Flat	Barcelona	~€360,000	~€160,000	Rented · €2,100/mo

Private Placements & Venture

Name	Platform	Book Value	Status	Notes
Plaid	Microventures	$10,000	Hold	Illiquid · no exit timeline
Epic Games	Microventures	$23,000	Hold	Illiquid · no exit timeline
Flash Point	Direct	€33,600	Returning	Fund closed · funds tracked in EUR Cash section above
Total Private & Venture		$33,000	Plaid $10K · Epic $23K · Flash Point tracked in EUR Cash

Patrimonio Protegido — Cora

Current Balance

€8,800

BBVA Cuenta Protejida · live YNAB

Annual Limit

€10,000

Max contribution per year · tax exempt

Established

2025

First contribution made · €10K in 2025

Year

Status

Amount

Running Total

2025

✓ Contributed

€10,000

€10,000

2026

⚠ Not yet made

€10,000 due

€20,000 when done

Action required · 2026

Transfer €10,000 to BBVA Cuenta Protejida before 31 Dec 2026 to use the annual allowance. Contributions are tax-exempt under Spanish Patrimonio Protegido rules. Do not miss the year-end deadline.

Deposits — Excluded from Net Worth

These are held deposits — money owed back to you or others. Not counted in total net worth or EUR cash.

Description	Type	Amount	Notes
Apartment Deposit	Jávea	€4,000	Held by landlord · returnable
First Month - BCN	Barcelona	€2,100	Tenant deposit held · liability
Security Deposits - BCN	Barcelona	€4,200	Tenant deposit held · liability
Total Deposits		€10,300	Not included in net worth

Priority Actions — Progress

2 of 5 complete

✓ 2 done → 1 in progress ○ 2 not started

Priority Actions

✓ Done

Understand your financial position

Full portfolio mapped · runway modelled · bucket strategy defined · liquidation waterfall set. This dashboard is the output.

Completed

Mar 2026

✓ Done

Sell under-$50K positions + deploy proceeds to IVV

Sell all 16 positions under $50K: RDDT · DIS · CRM · AMZN · UPWK · NOC · SONO · LMT · FVRR · NTDOY · RBLX · XYZ · BA · MNY · SNAP · SPCE
Generates ~$128K cash (~€110K) · gains ($18.8K) offset by losses ($30.4K) · net tax ~$0 · surplus $11.6K added to loss pool
Must all be executed in same tax year. Confirm with accountant. Proceeds → lump sum into IVV. One trade. Original IVV loss lot preserved as first exit.

Target

Mar 2026

○ Not Started

Start EUR DCA — first tranche

Convert €20K → USD at IBKR spot. Buy VXUS (not VTI — you already have ~$495K in VOO + IVV — plenty of S&P 500 exposure).
Set a recurring monthly reminder. Consistency beats optimisation.

Target

Apr 2026

○ Not Started

Tax review with expat accountant

Confirm wash-sale treatment on harvested positions. Confirm Spain/US interaction on realised losses and DCA CGT.
Confirm loss carry-forward rules under Spanish tax law before Jávea move completes.

Target

May 2026

○ Ongoing

Track monthly burn through the Jávea move

€4K vs €5K burn = 19 months difference in runway. The move is the single biggest lifestyle-creep risk.
Log actual monthly spend. If creeping toward €5K+, take action before it becomes structural.

Start

May 2026

12-Month Roadmap

Decisions Log — What Was Decided and Why

Decision	Rationale	Alternative Considered

Advisor Stance

1

Preserve the floor

Bucket 1 is sacred. Never invest it. Never reason around it.

2

Diversify with fresh capital

New money fills the gaps. VXUS-heavy DCA is the vehicle.

3

Freeze concentration

No new money into META, NET, GOOGL. Let winners run. Let % shrink naturally.

4

Trim only when tax-smart

Loss pool used first. Respect CGT friction. Never sell just to tidy up.

5

Keep optionality

€80K reserve. Hard-to-kill portfolio. Boring at the centre, optionality at the edges.

Guiding Principles

Execution beats optimisation

A plan followed consistently at slightly suboptimal parameters beats a perfect plan executed intermittently. Set the DCA. Do it every month. Don't watch the market level.

Burn rate is the only number that matters daily

Every other variable moves slowly. Monthly spend is the one lever you control in real time and the one thing that directly changes your runway.

The portfolio is already large enough

4% rule covers essentials from the invested portfolio alone at 38. DCA continues for diversification and risk reduction — not because you need to accumulate more.

Last reviewed: Mar 2026 — post-sell update · Update status above as each action is completed

Tactical Reserve · €80,000

Deploy at −20% S&P · FX >1.20 · Major correction

€80,000 available

Portfolio Progression — Start · Now · After Full €280K Deployed

1 · Original baseline

$1.376M

24 stocks

$865K 63%

VOO + IVV

$376K 27%

Crypto + Private

$135K 10%

International

$0 · 0%

→

sell+IVV

2 · Current state

$1.352M

► Now

8 core stocks

$730K 54%

IVV $272K + VOO $223K

$495K 37%

Crypto + Private

$126K 9%

VXUS/VTI/SCHD

0% → pending DCA

→

14mo DCA

3 · After full €280K deployed

~$1.67M

Target

8 core stocks

$730K 44%

IVV + VOO + US Core

$541K 32%

VXUS (international)

~$253K 15%

SCHD (income · 1 tranche)

~$23K 1%

Crypto + Private

$126K 7%

Metric

Start

Now ►

After DCA

    What won't change: META (~11%), NET (~8%), GOOGL (~5%) concentration stays — selling triggers large CGT on $450K+ embedded gains. The DCA plan dilutes this by growing the portfolio denominator, not by selling winners. Runway impact: Every €20K monthly tranche = the portfolio grows, concentration % shrinks automatically.
  

✓ Move 1 done: 16 positions sold · ✓ Move 2 done: $128K deployed to IVV · → Move 3 next: begin €20K/month EUR DCA, first tranche Apr 2026 (VXUS)

Move 1 — Sell All Under $50K Positions

Cash Freed

~$128K

16 positions sold · all confirmed gone

✓ Completed

Tax Cost

~$0

losses exceeded gains · net -$11.6K

✓ Confirmed

Net Loss Pool Added

~$11,600

surplus losses after offsetting gains

Carry-forward bonus

Total Loss Pool

~$36,600

$25K crypto (done) + $11.6K net from stock sell

Use by 2030

✓

All 16 positions sold

RDDT · DIS · CRM · AMZN · UPWK · NOC · SONO · LMT · FVRR · NTDOY · RBLX · XYZ · BA · MNY · SNAP · SPCE
~$128K cash freed · gains ($18.8K) offset by losses ($30.4K) · net tax ~$0 · $11.6K added to loss carry-forward pool

Move 2 — Deploy Proceeds (~$128K) into IVV

This money was already in the market (in positions you no longer want). Selling and reinvesting is swapping equity for better equity — not going to cash. Losses offset gains → ~$0 tax. All proceeds go into IVV in one trade. The original IVV loss lot stays intact as a separate lot under specific lot ID — still your designated first exit. International gap addressed via DCA VXUS-first.

✓ Done

Allocation

✓ 100% IVV — completed

      Proceeds added to IVV as a new tax lot at today's price. The original 220-share loss lot ($1,165 loss) stays intact and separately identifiable under specific lot ID — still your designated first exit. New shares sit behind it as accumulation.

      IVV: $272K combined position. Original 220-share lot ($1,165 loss) + 196 new shares at ~$653. VOO stays untouched at $223,391.

$127,599 → IVV · one trade · original loss lot preserved

Adds ~189 shares of IVV IVV: $149K → ~$276K Original loss lot intact · first exit preserved

✓ Do

        Execute as one lump sum into IVV — one trade, done

        Sell all 16 positions in same tax year (gains offset losses)

        Wait 30 days before rebuying any of the sold tickers

        Confirm wash-sale treatment with accountant first

✕ Don't

        Wait for positions to "recover" — the loss already happened

        DCA the $128K — it was already in the market, deploy promptly

        Leave it in cash for more than a few days after selling

        Use this for VOO — IVV preserves the specific lot exit strategy

Move 3 — Scheduled DCA (€200K · 10 tranches · VXUS-heavy)

Scheduled DCA · €20K/month · Apr 2026 – Jan 2027

6 of 10 tranches = VXUS · fills the 0% international gap

Cumulative EUR Deployed

Tactical Reserve — €80K · Not Pre-Committed

Deployment conditions — any one is sufficient to act

Advisor stance on the reserve

The tactical reserve is not idle money — it is optionality. Most investors either deploy it too early (every 10% dip feels material) or never deploy it at all. The tiered structure forces discipline: you don't wait for the bottom, you act at pre-agreed levels. If none of the above conditions are met by end of 2027, reassess whether to add it to the 2028 DCA schedule or hold it as an extended income buffer.

Decision Rules — When the DCA Plan Changes

▲ Accelerate

Income unexpectedly strong → increase tranche size
Market drops >20% → consider doubling one tranche

⏸ Pause

Income drops significantly → draw from Bucket 1 first, pause DCA only when Bucket 1 hits ~€60K
Major unexpected expense → pause one month, resume

↺ Adjust mix

Single position >15% of invested → next tranche goes to VXUS/SCHD only
US equity >85% of portfolio → skip VTI, substitute VXUS

✕ Stop entirely

Bucket 1 + Bucket 2 combined below €100K → stop DCA, preserve capital
Partner income begins → reassess tranche size upward

META Trim Strategy 2027–2030 — Using the Loss Pool

$14K in 2027, $14K in 2028, $8.6K in 2029 · proceeds → VXUS · pool fully used, zero tax · carry-forward expires 2030

2027

~$14K

Pool: $36.6K → $22.6K

2028

~$14K

Pool: $22.6K → $8.6K

2029

~$8.6K

Pool exhausted · zero tax

2030

Pause

Pool gone · review if worthwhile

$14K trim in 2027, $14K in 2028, $8.6K in 2029 — pool zeroed with zero tax. 2030: no pool, review whether to trim at full CGT rate (~19%). If new losses emerge before 2027, revisit trim amounts upward. Confirm with accountant. Do NOT repurchase META within 30 days of any trim.

What You're Buying — ETF Reference

Phase 1 · Bucket 1

30 mo

Spend €120K reserve
DCA continues unchanged

No disruption

Phase 2 · Bucket 2

+70 mo

Draw from €280K deployable
No tax · no shares sold

DCA paused

Phase 3+4 · IVV

+60 mo

~€235K · original lot at loss · zero tax
Core portfolio still intact

Last resort pre-core

Combined (phases 1–4)

13+ yrs

Before touching VOO, META, NVDA

Well positioned

Burn rate: two scenarios

€4K essentials · €5K actual

19 months of runway difference between the two. The Jávea move is where €5K becomes structural if you're not watching.

The one lever you control

Monthly spend

Market timing cannot be controlled. Spending habits can. This is why burn rate is tracked, not portfolio value.

Cash Pool Over Time — If Income Stopped Today

Combined Bucket 1 + 2 pool · three burn-rate scenarios

Runway by scenario

Liquidation Waterfall — Correct Order of Operations

Income drops → spend Bucket 1 (€120K), DCA continues

This is exactly what Bucket 1 is for. No decisions, no disruption. DCA investments keep going.

30 mo

at €4K burn

Bucket 1 hits €60K → pause DCA, draw from Bucket 2 (€280K)

Stop DCA. Keep €280K earning interest in EUR. Draw €4K/month. No tax, no shares sold. Resume DCA when income normalises.

+70 mo

at €4K burn

Bucket 2 at ~50% → sell IVV new lot if needed

Under-$50K positions already sold in 2026. If more liquidity needed, sell the IVV accumulation lot (new ~189 shares bought with proceeds). Original IVV loss lot stays intact as step 4.

+7 mo

~€66K

Bucket 2 nearly gone → sell IVV (original loss lot first)

Sell original 220-share lot first (~$148K, $1,165 loss → zero tax). Then sell new ~196-share lot (~$128K, small gain at cost). Combined ~$272K (~€235K). Original loss lot preserved via specific lot ID.

+60 mo

~€235K

Trim smaller profitable positions selectively

Any remaining positions with moderate gains not already sold — use remaining loss pool to offset. Sell in tranches within annual CGT thresholds. All small positions (under $50K) should already be cleared by this point.

+10 mo

~€40K

Core positions — absolute last resort

AAPL, MSFT, NVDA, VOO — high embedded gains = high tax per euro raised. META and NET are very last. By this point you'd have had 13+ years to find income.

If needed

large pool

Sequence of Returns Risk — Why This Structure Exists

The risk

Selling equities in a down market doesn't just cost you the current loss — it permanently removes shares that would have compounded during recovery. Two portfolios with identical 20-year average returns can end up with very different wealth depending entirely on when the bad years hit.

        This is sequence of returns risk. The bucket structure exists to ensure you are never forced to sell Bucket 3 at the wrong time.

Why your structure handles it

Buckets 1 and 2 (€400K combined) shield Bucket 3 from forced selling during downturns. Bear markets typically last less than 12 months. With 8+ years of non-equity runway, you will almost never need to sell growth assets at the wrong time.

        Market down → spend from Bucket 1. Market recovers → refill Bucket 1 from Bucket 3 gains. Extended downturn → Bucket 2 covers years 2–8.

✓ Down 30%? Spend from Bucket 1, portfolio untouched
✓ Recovers? Refill from Bucket 3 gains in good years
✓ Extended bad period? Bucket 2 covers years 2–8

Dynamic Withdrawal Rules

📈 Up market year (+10%)

Spend more

Up to €5,500/mo · top up Bucket 1 from Bucket 3 gains · sell best-performing fund only

➡ Neutral year (±5%)

Hold steady

€4,000–€5,000/mo · draw from Bucket 1 or dividends · replenish if Bucket 1 drops below 12 months

📉 Down market year (−10%)

Cut spending

€3,500–€4,000/mo · Bucket 1 only, no equity sales · dividends refill the bucket · bear markets end

      Monthly withdrawal mechanic (drawdown phase): Once DCA is complete and you enter drawdown, sell one fund only per month — whichever is performing best relative to target allocation. Always sell high. Naturally rebalances without a separate annual exercise. Note: during active DCA, you are buying not selling — this mechanic applies later.

      4% rule check: 4% of $1.375M = ~$55K/yr = ~€4K/mo. Your €4–5K actual spend sits right at this boundary — €4K essentials is sustainable indefinitely under the model; €5K actual has a small gap. Spending discipline is your primary lever.