Good Reads

Yield Curve Flat
The yield curve is a curve on a graph in which the yield of fixed-interest securities is plotted against the length of time they have to run to maturity. A yield curve is almost always upward sloping, a sign that the economy is functioning properly. To best understand the yield curve, put yourself in the shoes of the lender, the borrower, and the investor. Each entity is rational and looking to do what's best for their bottom line. Lender's Perspective Due to inflation, the value of a dollar tomorrow is worth less than the value of a dollar today. Therefore, in order to [...]
Wed, Jul 18, 2018, Continue reading at the source
The Slow & Steady portfolio is up 5.88% this quarter.
Our plucky Slow & Steady portfolio is well on the road to recovery after last quarter's bloody nose. It's sprung back 5.9% in three months, despite the first shots in a trade war zipping past our heads. Once again reality defies the instinct to pounce on a pattern: Last quarter's biggest loser, Global Property, is the top performer this time. It's up 13%! The UK stock market enjoyed a nice 9.5% surge, despite the Brexit turmoil. Like a golden UFO conveying cultists to paradise, the Bond Apocalypse has once again failed to materialise. Perhaps it's timetabled by a British rail franchise? Our Developed World and [...]
Tue, Jul 17, 2018, Continue reading at the source
When some people first hear that I engineered my layoff, they get up on their Clydesdales and say something like, “I would never do that. It sounds unethical.” I'm always surprised by this response in this day and age of zero job security. No longer are pensions common. No longer do employers keep their employees fat and happy for decades. It's a ruthless world out there thanks to globalization, technology, and cutthroat competition. One could argue that if you're not doing everything possible to fight for yourself and your family's financial security, you're the one being unethical. That or just ignorant. Quitting [...]
Mon, Jul 16, 2018, Continue reading at the source
A little over ten and a half years ago I started to accumulate wealth with a vague notion of work becoming optional in a relatively short time. At the time I was calling this Early Retirement. It was a time when the more famous sites like Mr Money Mustache or Early Retirement Extreme didn't even exist. It was also a time when terms like FIRE also didn't exist. It was a time of self discovery [...]
Sat, Jul 14, 2018, Continue reading at the source
Weekend reading logo
What caught my eye this week. New research from Scottish Friendly makes dispiriting reading for anyone who has spent a decade trying to teach people about investing. (*Looks around room* “Who me? No no, I was in it for the Brexit banter.” *Shuffles away*) It seems that having surveyed 2,000 UK savers, the life assurance giant has discovered half of us are afflicted by what it calls ‘investophobia'. Scottish Friendly says: Inflation is currently running at 2.4% yet the best easy-access cash savings rate available is 1.33%. Almost two-thirds (66%) of savers are aware that interest rates on savings accounts are less than the current rate [...]
Fri, Jul 13, 2018, Continue reading at the source
As it is over 3 years since I last reviewed my investing strategy, I thought maybe time for an update on where I am going with it.Looking back to early 2013 when I started this blog, it is clear there has been quite a significant move. Back then I was focussed on a portfolio of individual higher yielding UK shares combined with a ‘basket' of investment trusts to generate the natural income I required in retirement.Fast forward to 2018 and the individual shares are all sold along with some of the investment trusts in both ISA and SIPP drawdown. They [...]
Mon, Jul 09, 2018, Continue reading at the source
Following on from my purchase of Polar Capital Tech last week, I have now decided to add this global multi-asset one-stop managed fund to the mix.This £3.4bn fund invests in a mix of global shares, bonds and cash..but not property. It is listed in the 40% to 85% for the Mixed Investment 40-85% Shares Sector. It tends to hold 70 to 80% allocation to shares and a bias towards growth-focused companies. Overall, long-term performance has been good and return over the past 5 years has been 70.8% compared to 43.0% average for the sector. However I would expect the fund [...]
Mon, Jul 02, 2018, Continue reading at the source
May/June have been really tough months for me and so I was too busy to post an update the end of May. A couple of months ago my mother was diagnosed with cancer, initially it was just a single area however in mid-May we found out it was spreading. My parents have lived abroad for The post June 2018 Networth update appeared first on . [...]
Sun, Jul 01, 2018, Continue reading at the source
Meet “Timothy”, the new tinyhouse-style conference room at MMM HQ. One of the nicest new trends of recent years is really the revival and rebranding of something very old: the smaller dwelling. Over the last few months, I have built just such a structure, and it has turned out to be a rather cool experience. In fact, I'm typing this article for you from within its productive new confines. Technically, it's just a fancy shed. But it is functioning as a freestanding office building, a sanctuary, and would even make a pretty fine little dwelling for one person, if you were to squeeze [...]
Sat, Jun 30, 2018, Continue reading at the source
Regardless of your views on Brexit's ultimate desirability or not, it's likely to bring choppy waters to the UK in the near future. You've heard quite enough of Remainers saying that, but the view is shared by some Brexiters. Take a random look at LeaveHQ's contentAfter all, Britain is about to set up a new startup called UK PLC in the world, and we have good people like Liam Fox and Boris Johnson at the helm, what on earth could go wrong…? In my youth the British elite seemed to be able to screen for competence and eliminate buffoons [...]
Thu, Jun 28, 2018, Continue reading at the source
according to Gerd Kommer, H/T MeineFinanzielleFreiheit (My Financial Freedom) from Germany Austria – in both of these I sadly discovered that my German has degraded through disuse to below a sufficient standard to comprehend them freely1, so Google Translate was my friend. I am looking at financial independence from the other end of the telescope from My Financial Freedom (Google Translate version of MeineFinanzielleFreiheit). MFF is under 40, and assumes most readers are of a similar age, perhaps I do not have the optimism of youth and our Gerd is no spring chicken either, cynical old gits that we are. Gerd [...]
Fri, Jun 22, 2018, Continue reading at the source
Recently I've been having doubts about taking early retirement. What I've found particularly interesting is that since becoming financially independent back in July 2016 I just haven't had the same level of hunger for it. In the past few weeks I've been really trying to figure out why. I definitely knew there was an element of institutionalisation in there but it was more than that. There [...]
Fri, Jun 15, 2018, Continue reading at the source
Kicking Ass with Money is much like healthy eating and joyful living. It's a series of daily habits that get you ahead, rather than a one-time heroic effort that fixes all your problems so you can go back to whatever you were doing before. Because of this parallel, the subject of food is one of the nicest examples of Mustachian living, and one of the most powerful and efficient things to master. Your eating choices will drastically affect your budget (especially if you are raising a family), but they also affect your health, energy levels, productivity, and happiness. The path to a [...]
Tue, May 15, 2018, Continue reading at the source
It's already May, the sun is shining and so what better time to take a look back at the past month. Work Work continues to tick on by with increasing predictability. I work in an open plan office but it may as well be 6ft high cubicals on some days. My work has certainly got The post April 2018 Networth update appeared first on . [...]
Fri, May 04, 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
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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