Good Reads

Percentage of wealth outside your primary residence
I recently stumbled across a fascinating chart by Deutsche Bank highlighting that more families than ever before have ZERO or NEGATIVE non-home wealth. In other words, roughly 30% of households have no 401k, no IRA, no after-tax investment account, no private equity investments, no venture debt investments, no nothing beyond the value of their primary residence! Check out the chart below. If you have no investments outside of your primary residence, I'm not sure how you are ever going to be able to retire or reach Budget Financial Independence because Social Security alone is not enough to cover expenses after the age [...]
Tue, Jan 16, 2018, Continue reading at the source
Since I brought on board my Vanguard Lifestrategy index funds in 2015, I have increasingly regarded my strategy as core/satellite. The VLS funds form the core - a diverse mix of global equities and bonds - and account for around 40% of my portfolio. Surrounding this is an assortment of smaller holdings including my legacy investment trusts.This common strategy involves a dual approach with a 'core' of stable long-term holding(s) combined with an outer layer of more specialist or shorter term holdings which compliment the core element.The strategy can enable the investor to combine two approaches such as core passive [...]
Sun, Jan 14, 2018, Continue reading at the source
This annual review is usually a very quantitative personal finance review and for those readers looking for that please bear with me I'll get there I promise. I'm firstly going to go off piste a little because for me (and really for the first time on this journey) the FIRE challenges of 2017 weren't about quantitative finances but more about qualitative mental FIRE readiness. You only have to [...]
Sat, Jan 13, 2018, Continue reading at the source
Weekend reading: The toll post image
What caught my eye this week. I had hoped 2018 would see a return to a more regular content schedule on Monevator. But a family funeral put paid to that. Sitting in the crematorium, I was struck as ever how money didn't get a look in during the service. The readings talk about an active family life, the arc of a career, a few funny anecdotes and perhaps a sad one. There's nothing about financial legacies, let alone more mundane money matters. I'd like to know whether even Warren Buffett's memorial service will mention his beating the market? I doubt it will dwell. This [...]
Fri, Jan 12, 2018, Continue reading at the source
The Three Levels Of Financial Independence by Financial Samurai
Reaching financial independence is the holy grail of personal finance. But what does financial independence really mean? In this post I'd like to determine the various levels of financial independence. That's right. Even in financial independence there is no one size fits all since everybody has a different desired standard of living. Contrary to what you may think, financial independence is not all about having enough money to cover all your expenses and then some. Financial independence also means being able to overcome your psychological fears to truly live free. For example, I have peers who have millions in net worth, yet [...]
Thu, Jan 11, 2018, Continue reading at the source
Back in late 2011 I started building what is known as a UK High Yield Portfolio (HYP). It was a much talked about strategy back in the Motley Fool forum days and is still being discussed on the more recent Lemon Fool forums. One of the aims of a HYP was as a substitute for an annuity in retirement. This meant that the dividends spun off by the HYP needed to increase at a rate which is equal [...]
Sat, Jan 06, 2018, Continue reading at the source
Kames is the former asset management arm of Scottish Equitable, which was bought by Dutch giant Aegon and renamed Kames six years ago. It holds funds totalling £45bn.Their monthly income fund was launched in February 2014 and over the past year it has provided a return for investors of 10.1% building on the 11% for 2016 and has produced an annualised return of 8.2% p.a. since launch. Lead manager is Vincent McEntegart.The fund targets income of 5% from a diverse range of assets which include bonds and fixed interest (40%), UK & global equities (26%), property (14%) and specialist (18%). [...]
Sat, Jan 06, 2018, Continue reading at the source
Weekend reading: Investor, know thyself post image
What caught my eye this week. Investors can be overwhelmed by 2018 forecasts in the first week of January. Those with long memories might ponder how much use such punditry was in 2017. Or in any of the years before that. As an alternative to trying to guess the future – or to making your future self into a better you, via a raft of resolutions – how about getting to know who you really are now? Most people tend to think they know themselves best. And the sort of personality types that are drawn to investing and financial freedom – INTJs, in [...]
Sat, Jan 06, 2018, Continue reading at the source
On the last working day of 2017, the Ermine pulled up the FTSE100 index and was greeted with the following tribute to irrational exuberance. All hunky dory and way up in the clouds, eh. What on earth could go wrong here?What's a fellow to do? Way back when, I wrote a post inspired by the reported comment by a City gent, to the effect of I don't know WTF we are doing up here, with the implication that it'll all end in tears. That was in 2013, with the index about a thousand points lower than now. I'm still heavy on FTSE100 [...]
Wed, Jan 03, 2018, Continue reading at the source
Well, shit. I've been watching this situation for a few years, and assuming it would just blow over so we wouldn't have to talk about it here in this place where we are supposed to be busy improving our lives. But a collective insanity has sprouted around the new field of ‘cryptocurrencies', causing a totally irrational worldwide gold rush. It has reached the point that a big percentage of stories in the financial news and questions in Mr. Money Mustache's email inbox are about whether or not we should all ‘invest' in BitCoin. We'll start with the answer: No, you should not [...]
Wed, Jan 03, 2018, Continue reading at the source
Bollocks, sez the ermine. I could stop there and make this the shortest post on here, but such spurious claims should be consigned to the dustbin of history along with the idea you would die if you went over 30 mph and other such folly. I've batted on this wicket before, but it's a good fight IMO. Take it away, Nick: The main objection to the idea of a universal basic income is not practical but moral,” he writes. “Its enthusiasts suggest that when intelligent machines make most of us redundant, we will all dispense with the idea of earning a living and [...]
Sat, Dec 30, 2017, 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
This past month has pretty much been on auto-pilot, which is ironic considering my recent thoughts on how boring personal finance can be. I spent quite alot of time speaking with my accountant trying to get my tax liability finally sorted. HMRC seem to have a real problem with me switching jobs during the last The post November 2017 Networth appeared first on . [...]
Tue, Dec 05, 2017, Continue reading at the source
If you have more money than you need, you should start giving some of it away. That's the lesson I learned about a year ago, when I took a gamble and donated $100,000 to a variety of charities, centered around the Effective Altruism movement. More on Effective Altruism: The Life You Can Save website, and my earlier article on the subject. At the time, I had no experience with giving to anyone other than immediate family and friends, so I didn't know how I would feel about it. But over the course of this past year, I have had many late [...]
Mon, Dec 04, 2017, Continue reading at the source
I first started reading about personal finance and early retirement just over 5 years ago. At the time, my partner and I were living in a tiny 1-bedroomed house, desperately trying to save up for a house deposit while seeing a large chunk of our earnings disappear each month on rent, food and transport. During The post The Problem With Good Personal Finance? It's Boring As Hell appeared first on . [...]
Thu, Nov 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
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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