Good Reads

Why your life expectancy is much longer than you think post image
When we die is a matter of some personal concern. Ideally it won't happen tomorrow, but it's on the cards – particularly the card featuring the bony fella with the sharp gardening implement. In the meantime, our life expectancy matters because life is not cheap. If you're going to live off your portfolio it needs to be large enough to cover you and your loved ones against the most ironic investing risk of all – longevity risk. Longevity risk for individuals is the danger that you hit the vitality jackpot but outlive your money. The infamous 4% rule is calibrated for 30-year plans. [...]
Tue, May 21, 2019, Continue reading at the source
The Best Life Hack For Americans: Taking Advantage Of Canada
I'm always looking for arbitrage opportunities to help readers make more money and live better lives. My favorite arbitrage opportunity for the next couple of decades is investing in non-coastal city real estate due to lower valuations and higher net rental yields. Technology is accelerating the flow of capital towards attractive real estate opportunities, and I want to get in front of that wave. Recently, I found another multi-decade opportunity by looking north towards our friends in Canada. Despite the frigid weather for four months a year, Canadians have a lot going for them. Their GDP per capita is a respectable [...]
Mon, May 20, 2019, Continue reading at the source
It is now four years on since my initial purchase of this all-in-one fund in May 2015 so time for another annual update,I believe the average investor could do well from adopting a very simple, no-frills low cost diy strategy which makes sense, which can be tailored to fit in with a variety of attitudes to risk/market volatility and has every chance of providing a decent outcome. However, I am also becoming more aware of the risks posed by our climate emergency and in February I had a closer inspection of the funds exposure to fossil fuels which I am [...]
Mon, May 20, 2019, Continue reading at the source
It's Time To Boycott The SAT And The College Board
When I was 16, I took the SAT test for the first time. My idea of test preparation was going to the library and flipping through a $20 test prep book. The result? A mediocre 1,040 out of 1,600. My parents were disappointed so they encouraged me to actually buy a test prep book and this time take all the practice exams since I couldn't write in the library book. After a couple of months studying I took the test again. The end result? A better-than-average 1,160. However, my goal at the time had been to get a 1,200 or higher [...]
Sat, May 18, 2019, Continue reading at the source
Weekend reading logo
What caught my eye this week. A few of you have been asking what happened to our pal Lars Kroijer? And it's true, there was a time when you couldn't turn to Monevator without tripping over another great article by the ex-hedge fund manager turned index investing ultra. Well, I'm pleased to report that Lars is well and so are sales of Investing Demystified. However there are only so many ways you can urge people to buy a global index tracker (tell us about it!) and I get the sense he's enjoying a bit of a break. Never one to ignore a hint, [...]
Fri, May 17, 2019, Continue reading at the source
Scottish Mortgage is an actively managed, low cost investment trust, investing in a high conviction, global portfolio of companies. The managers aim to achieve a greater return than the FTSE All World Index (in sterling terms) over a five year rolling period.This investment trust was added to my SIPP portfolio at the start of 2017 at the initial purchase of 338p. A year later, following a little turbulence in the share price, I added SMT to my ISA portfolio at 415p. The share price has advanced to currently 530p however the price can be volatile as witnessed towards the end [...]
Thu, May 16, 2019, Continue reading at the source
Reckitt Benckiser is one of the world's leading fast moving consumer goods companies, selling familiar products like Dettol, Durex, Nurofen, Vanish and Cillit Bang. In recent years RB and similar companies like Unilever have become very popular with investors, largely because they offered a seemingly low risk way to invest in shares whilst still achieving […] [...]
Thu, May 09, 2019, Continue reading at the source
Like you, I am pretty much resigned to the fact that I'm going to have to buy a Tesla at some point. I can tell because I have read every last scrap of Tesla news and inadvertently memorized every last technical detail about the company and their cars and energy storage systems that has ever been printed or YouTubed. Since about 2012. When this happens to me for any product, whether it's a new laptop or a different vehicle or a house in a certain neighborhood, I usually end up buying it. The purchase tends to happen when the list of [...]
Wed, May 08, 2019, Continue reading at the source
Compass Group joined the model portfolio in February 2018 as the world's leading food services business. From its earliest post World War 2 days, when it was known as Factory Canteens, the company has focused primarily on managing canteens for public and private organisations alike. I added Compass to the model portfolio in early 2018 […] [...]
Tue, May 07, 2019, Continue reading at the source
It's a day after last night's drubbing for the tosspots who thought it was a clever idea to hold the 2016 EU referendum in the first place. So what is the conclusion they came to? Election results, courtesy Jacob Rees-Mogg in the torygraph. Apparently it's a blessing in disguise. Dunno what he's smoking, but I bet it isn't legal if it's that strongTake it away, Jacob Rees-Mogg. What did you learn? Most obviously, Brexit needs to happen in a true form. The vassal state that apparently the Government and the Opposition have agreed, including a Customs Union and high alignment, is not [...]
Sat, May 04, 2019, Continue reading at the source
Annuities are dear, so if someone offers you 97% off, you run, not walk to take them up on it. If you are an early retiree, don't leave State Pension on the table. You need to get enough NI to get a full SP before you reach SP age, though don't be in too much of a hurry to pay extra years until you are in the endgame of working. I've always wanted a good reason to pinch this pic from Monevator's post that kicked me up the backside to get into the market in 2009, and now I have itThe [...]
Wed, Apr 24, 2019, Continue reading at the source
There have been a lot of big bills coming across my kitchen table recently. Property taxes, car registrations, income taxes, things for the school orchestra in which little MM plays the standup bass. Plus the usual credit card bills for all my spending on groceries and not-all-that-rare luxury indulgences. There's nothing bad or unexpected in this pile of bills, but I still see it adding up to a tidy sum. But this morning as I was looking at the latest one – a bill from the City of Longmont for all the various utilities, I noticed that the same familiar feeling [...]
Thu, Apr 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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