Good Reads

Weekend reading: The land where time stood still post image
What caught my eye this week. Another week in the time-warp that is Brexiting Britain. Don't hold your breath if you're waiting for Star Trek. First we had prime minister Theresa May's ‘Brexit vision' in Florence. While almost devoid of content, I thought May delivered a pretty rousing speech. Unfortunately it was almost 18 months too late. True, it wouldn't have convinced me Brexit was a good idea back in May 2016. But I would have doffed my cap to her for making a stirring case. But this wasn't a wishy-washy Vote For Us campaign speech. This was a speech given more than a year after [...]
Sat, Sep 23, 2017, Continue reading at the source
City of London is one of my steady, predictable, middle-of-the-road income trusts. It feels like a dependable, faithful old carthorse. I first purchased CTY for my personal equity plan (PEP) in 1995 - it has served me well enough over the past two decades and it represents the largest weighting in my IT portfolio (ISA and SIPP drawdown).ResultsCity have just announced full year results for the year to 30th June 2017 (link via Investegate). Share price total return has increased by 16.7% over the year and moved from marginal discount to a premium of 1.8% above net assets. The performance [...]
Sat, Sep 23, 2017, Continue reading at the source
What's the ideal number for each thing to lead a wonderful life?
There's a simple personal finance mantra everybody should consider following: one spouse, one car, one house, one job. The idea is that if you stick with one of everything, you'll maximize its usage, minimize extraneous expenditure, and live happily ever after. We get in trouble when we want too much. But one of everything can get quite boring. Thus, the divorce rate is ~50%. The average car ownership is six years. The median home ownership is seven years. And the average person job hops every three years. I want to review each item to see what's truly ideal. I suspect the answer is [...]
Fri, Sep 22, 2017, Continue reading at the source
Ideas For Reinvesting The Proceeds After A House Sale
A large financial windfall can either be a joyous occasion or a stressful occasion. It all depends on how well you plan. Because it's generally easier to spend than to save, I always recommend folks sit on their cash for at least a month before making any moves. Holding a lot of cash is not a bad thing even in a raging bull market. A cash stash is only stressful if you suffer from an overwhelming amount of greed. Greed can kill your returns because you don't properly think about the risks. All you think about is how much you could [...]
Thu, Sep 21, 2017, Continue reading at the source
Photo of Lars Kroijer.
This article about online retirement calculators is by former hedge fund manager Lars Kroijer, a regular contributor to Monevator. He is also the author of Investing Demystified. The Internet has revolutionized access to information, as we have discussed many times on Monevator. Investors can now find a plethora of tools on the Web to help us better manage our finances and lower our costs. But are you getting the whole story from these free resources? Retirement calculators, for example, apparently serve a very useful function. You simply feed a few data points into the calculator and voila – the computer tells you whether [...]
Thu, Sep 21, 2017, Continue reading at the source
I was enjoying a walk downtown with my son recently, when I noticed something wasn't quite right. A man was emerging from the background of other pedestrians, trying to make eye contact. We kept walking. “Excuse Me! Gentlemen! How much are you paying for your Cable TV right now?” I could now see that he was carrying handful of glossy flyers for one of the monthly television subscription outfits – Dish network or Comcast or whatever. The same stuff that floods my front mailbox in far greater quantity than my ability to use it as kindling to start the woodstove on [...]
Wed, Sep 20, 2017, Continue reading at the source
There is a widely held perception that investing on the stock market is very risky . I often read comments in the popular press money pages which suggest it is akin to gambling at the casino where the odds are heavily stacked in favour of the house. There must be a good reason for this - some will result from having a poor understanding of finance generally but others may have ventured into investing without understanding the nature of the risk they were undertaking or how they would react to a sudden fall in the markets. Many new investors are [...]
Sun, Sep 10, 2017, Continue reading at the source
It's already September and im so late for this month's income/expenses. From Matched Betting I made £2898.34 in August. The football season is back in full swing and a majority of my profit came from sports reload offers, thus proving that there is still good money to be made even after the sigups. As always,The post August 2017 Income/Expenses appeared first on . [...]
Sat, Sep 09, 2017, Continue reading at the source
For those chasing FIRE I'm sure that the 4% Rule will be well known to most. In short it says in your first year of retirement you can ‘safely' withdraw 4% of your wealth with subsequent year's withdrawals able to be increased by the prevailing inflation rate. It of course has a few obvious failings:It doesn't consider investing expenses or fees It is not safe at all for a couple of reasons. [...]
Sat, Sep 02, 2017, Continue reading at the source
Zeona M. enjoys a recent day at the office. By this point you probably know all you ever wanted to know, and more, about Mr. Money Mustache's long-ago path to early retirement. But my story is only one of an infinite number of possibilities, which means it is valuable to look around at how other people are doing it. Because of that, I've been sharing more reader success stories recently, and I've been particularly excited to share this one for quite a while because it comes from a completely different direction. I first met Zeona McIntyre just over two years ago, on a [...]
Wed, Aug 16, 2017, Continue reading at the source
Gyms suck, I can't stand them. Something about the bright lights, pumping music, mirrors everywhere and a whole host of machines I don't know how to fully operate properly totally puts me off. I've tried them, but I hate them. It's not just the surroundings, its the sheer mind numbing boredom of running on theThe post Getting fit with accountability appeared first on . [...]
Tue, Aug 15, 2017, Continue reading at the source
Over on the excellent Monevator site the following question was posed by Gregory today:“You are an early retiree and have a portfolio of £875,000. You don't follow the 5/25 rule but withdraw Your inflation adjusted money and rebalance Your portfolio once a year for example on Your birthday. On Your birthday You want to withdraw £27200. The current (£;%) and target asset allocations: - UK [...]
Sat, Aug 12, 2017, Continue reading at the source
One of the advantages of being an employee is that The Man usually air-conditions your cubicle. Well, for knowledge workers, anyway, rather than, say, brickies or landscape gardeners. And the heat is on in England at the moment. Way back when, in the 2003 heatwave DxGF and I bought a standalone air conditioner and we thrashed that unit, but it used a horrific 3kW to sort of chill one room. It seems to take far more energy to cool something down through a certain temperature difference than it does to heat it up by the same difference, I guess these things [...]
Wed, Jun 21, 2017, Continue reading at the source
Be afraid, people, be very afraid. Saga 1 tells us the over 50s are big spenders. It's the beyond retirement that I'm intrigued by, have these profligate silver surfers found a way of borrowing from their own cold dead hands? I'm sure the intergenerational foundation would have something to say about that, but Saga? I'm sorry, but by the time you've gotten over 50. you shouldn't be in the business of borrowing for frippery, For sure, you shouldn't be paying down your mortgage if there are better things you can be doing with your money, like socking it into a pension [...]
Fri, Jun 16, 2017, Continue reading at the source
To pay off the mortgage or to invest? That is the question. It's an often debated question in the world of financial independence and one thats been done to death in blogsphere several times over. In this article I won't go in depth into all of the pros and cons of each side of the argument but instead focus on describing what I do and why. If you're currently debating this issue internally here's a good look at the subject from the ever reliable Monevator. For the lazy amongst you here is a quick summary: Arguments to Overpay Your Mortgage It is equivalent to [...]
Thu, Apr 27, 2017, Continue reading at the source
Fruits of some night time labour
Deep down inside i'm a procrastinator. A phaffer. A delay artist. I like to take my time so much so that I usually take far too long. However as I've found out over the last couple of years, once you have a child you suddenly find yourself running out of time altogether. A friend once described kids as being ‘time sponges'. If you're aiming to do a good job at his parenting thing then that's a pretty accurate description. Trying to be a truly excellent parent and devoting as much non work time as possible to the task means I've had to [...]
Fri, Mar 31, 2017, Continue reading at the source
Edited post:This blog has been moved from Blogger to WordPress.The new website can be found at Quietly SavingThanks for stopping by. [...]
Sat, Dec 12, 2015, Continue reading at the source
Unbelievable yes, but I got another premium bond win, my second this year! Yay!Ok, so I only won £25 but prior to my win in February, I hadn't won anything in years!It could well be just a massive coincidence that I've started winning ever since I've been regularly buying more premium bonds - my holding is tiny though, only £2,135 and according to this premium bond calculator, if I have 'average luck', I would expect to win just £25 over a year. Let's hope I'll be VERY lucky at some point in the future! In the meantime, I will chuck [...]
Wed, Dec 09, 2015, Continue reading at the source
On Thursday morning my boss handed me The Letter.My application for Voluntary Redundancy has been accepted and all the playing with spreadsheets and financial wheeling and dealing I've been doing over the last 2 years turns out to have been completely unnecessary. Early retirement landed on my plate, courtesy of Government cuts, and I finish on 31st March 2016.The group of us who got letters immediately ticked the box and delivered our acceptances to HR en masse. There was something of a party atmosphere going on. We're virtually all long serving older people able to access our pensions early, with [...]
Sat, Dec 05, 2015, Continue reading at the source
This time last year I finally gave in and decided to do some Christmas shopping on amazon. (I know the FiRe community is very down on "stuff" but everyone has to spend a little on it at Christmas don't they?) This capitulation followed several months of trying to do the right thing and boycott them due to their tax avoidance (their treatment of employees being allegedly none too great either.)I had been buying at local independent bookshops and feeling much better for it, but Christmas loomed, time was short, amazon deliveries are generally timely and prices competitive. I took [...]
Sat, Nov 21, 2015, Continue reading at the source

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