Good Reads

I was reminded of this ETF in a comment to my article last month My Global Index Funds Under the Spotlight. I placed it on my list for further research. I think I may have looked at it some time back as the ticker INRG is familiar but must have dismissed it as the performance would have looked below par until recently.As the name indicates, this is a fund which has a focus on sustainable energy such as wind, hydro and solar. The ETF tracks the S&P Clean Energy Index.It has just 30 holdings which include some of the big [...]
Wed, Mar 20, 2019, Continue reading at the source
March is still a time to get one's affairs sorted and use the ISA and SIPP allowances by the end of the tax year. It's been hard to get excited about that this year. The rough Beast of Brexit slouches towards whatever it's denouement will be. We seem hell-bent on turning a sackful of Great British Pounds into a sack of Lesser British (for the moment) farthings. Life goes on despite all this noise and hum, and the end of the tax year needs dealing with, lest opportunities pass by. Sharp investors do their lump sum investment into their ISAs as [...]
Wed, Mar 20, 2019, Continue reading at the source
The 4% rule is about as safe as a bomb, a lightning strike, a virus, a rocket
The 4% rule went viral because it was billed as simple and safe (*coughs a noise that rhymes with bullwhip*). Unfortunately, the 4% rule is not safe. Nor is it simple, once you put the nuance back. The story is seductive – that you can withdraw 4% a year from your portfolio and never run out of money. This is often known as a safe withdrawal rate (SWR). Unfortunately the 4% version is about as reliable as that other withdrawal method you've heard of. Got a portfolio of £1 million? The 4% rule claims you can safely withdraw £40,000 in year one, adjust that amount [...]
Tue, Mar 19, 2019, Continue reading at the source
How To Plan For Retirement The Second Time Around
The main reason why I've gotten more conservative with my investments is not because valuation for the S&P 500 is near an all-time high and earnings growth is decelerating. Nor have I gotten more defensive because housing inventory has shot up across major parts of the country and prices are clearly declining. No. The main reason why I've gotten more conservative with my investments is because I'm very close to retiring for a second time. Let me recap my background and share some retirement preparation plans if you're also planning on retiring soon. The Return To Retirement Living After first retiring in 2012, I [...]
Mon, Mar 18, 2019, Continue reading at the source
Spurred on after reading 'The Uninhabitable Earth' and inspired by the school strikes for climate last week, I decided to make another addition to the renewable energy section of my portfolio. Admittedly it's probably not doing much for the environment as I am merely acquiring the shares that someone else is selling but the other side of this coin is that the money for the purchase comes from the sale of less ethical investments. Also there is an undoubted 'feel-good' factor in holding investments which are making a positive contribution in the fight for climate which is not to be [...]
Sat, Mar 16, 2019, Continue reading at the source
Perhaps Admissions Bribing Starts As Early As Preschool
March 12, 2019 is a day I'll never forget. Not only did the college admissions bribery scandal break that morning, we found out our boy got waitlisted by two preschools. Waitlisted is really just a euphemism for rejected. The first preschool was a Mandarin immersion preschool I'll call PooPoo about 20-25 minutes away. We had to go for an initial one hour tour, then a 30 minute parent interview with the admissions director who was hacking up a lung that day, and then a final play date interview along with 11 other kids and parents. It was an arduous process that [...]
Sat, Mar 16, 2019, Continue reading at the source
Mixing RateSetter's £100 bonus offer and high interest rates should deliver a tasty return
Good news! RateSetter has brought back its £100 bonus for investors who put away just £1,000 for a year. To get the bonus, follow my links to RateSetter in this article. I will also be paid a bonus by RateSetter if you sign up via one of these ‘refer a friend' links to claim your £100 bonus. This doesn't affect your returns – it is paid by RateSetter. I won't cause any readers to fall to their knees screaming “No! How can it be? Why didn't somebody tell me!” if I say it's been hard to get a decent interest rate [...]
Sat, Mar 16, 2019, Continue reading at the source
In 2012, one of the first companies I invested in as a defensive value investor was Centrica, the company behind British Gas. It seemed like a good idea at the time. Centrica was a leading player in the defensive utilities sector, with a track record of growth and the best brand name a UK-based electricity […] [...]
Tue, Mar 12, 2019, Continue reading at the source
Unilever has produced amazing results for shareholders over many decades and especially in the last ten years. Its shares have more than tripled since their 2009 lows and, with progressive dividends included, shareholders have seen returns of around 15% per year over ten years. That would be impressive for any company, but it's even more […] [...]
Thu, Mar 07, 2019, Continue reading at the source
So a funny thing happened on Twitter this week, which almost changed the world a little bit. Someone sent me a beautiful 3-D mockup of a fictional, car-free city of 50,000 people, set in the scenic nook of land* between Boulder, Colorado and Longmont, where I live. It came complete with street plans, detailed descriptions and dozens of cool photos, both real and computer-generated, showing how it would feel to live there. They called it Cyclocroft, in honor of the generally pro-bike stance of Mustachian culture. This was not out of the blue: these plans came from some long-time readers, who have [...]
Wed, Feb 27, 2019, Continue reading at the source
Note: If you think we are conducting Brexit in a competent manner and it's all a great idea, let me save you the time; don't bother with the rest of this, OK? Once upon a time, when that Jacob Rees-Mogg were a nipper, he sat on the knee of Daddy Rees-Mogg in charge of the Thunderer. Our lad Jacob was regaled with tales of Imperial derring-do, and he thought that's the world he'd grow up in. Sadly, his cosseted public-skool upbringing never forged character in the crucible of adversity, so he got to grow up thinking that the world really was [...]
Thu, Feb 14, 2019, Continue reading at the source
A recent campfire at in the back yard of MMM-HQ coworking space. Hi there. Don't get too excited, this isn't a real blog post. But there were enough things worth sharing that I thought it would be worth sending a little mid-month Hello. Life has been busy around here, drunkenly walking that fine line between the zones of “Exciting and stimulating and action packed!” and “Way too much overflowing action, how do we turn off this firehose?!” It's one of the core Tenets of Mustachianism that too much of a good thing can become a not-so-good thing, so I have been working on stepping back and focusing [...]
Mon, Feb 11, 2019, Continue reading at the source
As a 46 year old now in Early Retirement it seems worthwhile to now share more detail on how I have as tax efficiently as possible tried to build my wealth so that I run out of life before I run out of wealth. For some time now at a high level I've used the following approach, which of shared on a number of occasions, to know when to pull the trigger. Track my spending religiously then adjust [...]
Fri, Feb 08, 2019, Continue reading at the source
The fourth quarter of 2018 contained the pivotal moment of my FIRE journey so far – FIRE day. Financially it represented the transition from rapid wealth accumulation to hopefully well managed wealth decumulation or drawdown. As I write this though more importantly it also represented the start of what seems to be called the decompression phase of retirement and I'll freely admit I'm finding [...]
Mon, Jan 14, 2019, Continue reading at the source
It seems life over the past year or so has been chugging along like an old steam train passing through the vast plains of the old American west. Occasionally it might approach a bend, or need to stop at a dusty wooden built town, but inevitably the steam cloud starts rising again and onward the The post Well now, this changes everything appeared first on . [...]
Wed, Dec 19, 2018, Continue reading at the source
Good afternoon everyone, I hope you all had a lovely hot summer as we move into the cold dark winter months already. I've been AWOL a long time from this site while I focused on other things, both personally and financially, so it's time for an update on them all. Work Work continues to tick The post October 2018 Networth update appeared first on . [...]
Thu, Nov 01, 2018, Continue reading at the source
Peckham Spring Water
It's that time of the year when ridiculous consumer spending seems to prevail and dominate most peoples lives. This year like others I've tried to avoid unnecessary spending and instead focus on spending quality time with family and friends and giving thoughtful gifts where appropriate. I thought I'd take the time to share a recent story from the office of consumerism gone mad. I recently stumbled into a conversation at work where some colleagues were discussing the saneness of one particular gentlemen in the office. He'd just taken delivery of a bottle of water to his desk from the internal postal [...]
Wed, Dec 27, 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
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Full quote: “When we win on Nov 8 and elect a Republican Congress, we will immediately repeal and replace Obamacare. ” Made during many, many speeches, a tremendous number of huge speeches, the very best speeches, by U.S. president-elect Donald Trump. You can't always believe what candidates running for office say as they slog through their campaigns — gross exaggeration, pandering, and outright lies are to be expected by all involved — but when it comes to Obamacare, surely it is safe to believe that some real changes are in store for us. Why? Well, it's because the Republican party [...]
Fri, Nov 11, 2016, Continue reading at the source
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Quick disclaimer: I can't recommend that readers perform the actions I've taken, so be aware while reading I'm not suggesting that everyone should follow my lead here. Please don't, at least not before carefully thinking through the implications. Most people implement alternate solutions to solving their own moral dilemmas caused by index investing. (There are tons of good suggestions in the comments.) Another mass shooting here in America occurred last weekend, the worst ever, half a hundred dead, a like number wounded, all caused by one crazy asshole unleashing not exactly unimaginable horror on innocents. Of course, it's not unimaginable [...]
Sat, Jun 18, 2016, Continue reading at the source

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