Good Reads

You can take advantage of kinks in the system every day to improve your wealth and quality of life. Don't just sit back passively and wait for your investments to make you wealthy. Also take some action. Practice identifying arbitrage opportunities to prosper. See the post here. [...]
Wed, Sep 18, 2019, Continue reading at the source
Photo of a nest of eggs as metaphor for a pension / nest egg.
Can I let you in on a secret? There's been a revolution. No, not the prorogation of parliament. A pensions revolution! I'm talking about the rise of the master trust pension. What is a master trust pension scheme? A master trust pension scheme is a multi-employer occupational pension scheme. Unlike traditional employer defined contribution (DC) schemes, master trusts pool together anywhere from a handful to thousands of employers into a DC pension scheme. There's a good chance that you're a member of such a scheme. From a little over two million members ten years ago, as of the start of 2019 there are 14 million [...]
Tue, Sep 17, 2019, Continue reading at the source
Don't make my mortgage refinance mistake that has so far cost me $1,005 in extra interest! Trying to refinance today is a real PITA. It's a bummer because I pride myself on calculating all variables to make the best financial decision. To read the post and hear a funny joke, click here. [...]
Mon, Sep 16, 2019, Continue reading at the source
Weekend reading logo
What caught my eye this week. There's a story in ThisIsMoney about what's apparently the first-ever retirement interest-only mortgage that's ‘fixed for life': The over-50s deal from Hodge features a fixed rate of 4.35 per cent with no term limit, meaning the borrower will never need to remortgage, or risk falling onto a standard variable rate. The unique deal is a type of retirement interest-only mortgage, a relatively new type of home loan that lets a borrower take out a mortgage and then only pay back the interest each month. We could have a spirited debate about the pros and cons of this innovation, [...]
Fri, Sep 13, 2019, Continue reading at the source
The Ermine is advancing of years. It comes to us all, hopefully. I am not yet of the age when I would have quit The Firm after thirty years of service and gone to the pub to celebrate my forthcoming freedom. But it's not that far off. Seven years after retiring, I have now burned through half my DC pension AVC savings and invested the other half into the ISA. In cash-flow terms the Ermine is almost skint, and I am on the final approach to taking my main pension, a little early. So I asked them for the information pack. Every [...]
Thu, Sep 12, 2019, Continue reading at the source
As a general rule, Mr. Money Mustache avoids reading the daily news and ignores the fluctuations of the stock market. And he advises you to do the same thing. The negative factors of wasting your time, diluting your precious brainpower, and creating undue stress by worrying about things outside of your circle of control far outweigh any slight advantages you might get from the tiny slice of news stories that are actually useful and relevant to your daily life. But on very rare occasions, something will squeeze its way through the News Sphincter that is worth addressing, and last week I [...]
Thu, Sep 12, 2019, Continue reading at the source
As so often is the case, whilst researching energy from hydrogen in connection with my recent purchase of ITM Power, I was sidetracked by another player in the same sector.AFC Energy (AFC.L) is a small company listed on the AIM market. However it is one of the market leaders in the hydrogen revolution as we transition from fossil fuels to clean energy. Hydrogen is regarded as a key element in the governments announcement to reach net zero carbon emissions by 2050. The UK will host the COP 26 UN climate conference in 2020. This will focus the governments attention on [...]
Thu, Sep 12, 2019, Continue reading at the source
Mitie Group is the UK's largest facilities management (FM) company and it joined my personal portfolio and the UK Value Investor model portfolio way back in 2011. In layman's terms, Mitie provides corporate and government clients with outsourced services (mostly property-related such as maintenance, security and cleaning) so that its clients can focus on their […] [...]
Wed, Sep 11, 2019, Continue reading at the source
First Solar (FSLR) is a leading global provider of PV solar energy solutions. They offer a cheaper alternative to conventional fossil-fuel power production such as coal or natural gas. It has a market cap. of $6.5bn, the largest in the renewable energy sector. Head office is based in Arizona and the company was first listed on the NASDAQ exchange in 2006.The company has over 17 GW of capacity installed worldwide. Their technology is unique - rather than the conventional panels made of silicon, First Solar make use of ultra-thin panels using cadmium telluride. This PV technology displaces up to 98% [...]
Mon, Sep 09, 2019, Continue reading at the source
SSE joined the UK Value Investor model portfolio in late 2011 with a track record of steady growth. Under the covers there was a lack of focus, low returns and high debts which I didn't fully appreciate at the time. The dividend is soon to be cut, and with the dividend goes any remaining reason […] [...]
Fri, Sep 06, 2019, Continue reading at the source
Another summer evening skate-n-scoot outing with Mini Me It's Back to School time here in Colorado, which means both my son and I will be hanging up the swim shorts and kayak paddles and getting back to more serious business for a while. It has been a slow and endlessly sunny and leisurely summer, and a nice break for both of us, which has been very relaxing and a great time for bonding. But relaxation has its limits. At some point all that Chilling Out fades its way into Complacency, and our natural Human nature starts to work against us, telling us to [...]
Thu, Aug 22, 2019, Continue reading at the source
There are intrepid folk like RIT and TA flaying fees on their investment products. Quite rightly so. Anything to do with storing and processing your money should cost as little as possible, subject to delivering a satisfactory service. After all, your money is embodied life-force. You exchanged hours of your life for it, and you want the leak in the tank to be as low as possible. Oddly enough, when it comes down to credit cards, this seems to escape people totally. I can live with over 20% APR on my credit cards because I don't pay it. I pay them [...]
Wed, Aug 21, 2019, Continue reading at the source
A few months after returning to my industry, albeit in a different role in the pursuit of meaningful work, I've left the company and am back to FIRE. Soon after joining it became very obvious that while there were some pieces of meaningful work (where I define work as something you do for purpose) the vast majority of what I was going to be doing was just a job (which I define as something you [...]
Fri, Aug 02, 2019, Continue reading at the source
Another year has passed for our UK early retiree. A year ago I wrote that in the worlds biggest economy, the United States, Donald Trump was starting trade wars and the S&P500 cyclically adjusted price earnings (CAPE) ratio was sitting at 32.0 against a long run average of 16.9. A year on it's almost déjà vu with the trade war with China still rumbling along and the S&P500 still on a high 30.4 [...]
Sat, Jul 20, 2019, Continue reading at the source
Has anyone else noticed as you get older time seems to fly passed with an ever-increasing speed? It doesn't seem that long ago that I last wrote a massive update on here and yet looking back it's actually been over 6 months. Alot has changed in that time so perhaps now is as good as The post Summer Networth update appeared first on . [...]
Fri, Jun 21, 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
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
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
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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