RetirementInvestingToday analyses the economic data, market data and and investing strategies that I am using to reach Early Retirement. Our mission is to achieve Early Retirement by maximising salary contributions, minimising fees, minimising taxes, maximising return through tactical allocations and minimising investing mistakes.
It’s not always sunny on The Med
The past few months have seen me pass through my annual work performance review, my annual salary review and a new HR initiative which seems to have been designed to suppress salaries (read suppress the salaries of the highest performers). The results of all that for me were that despite my strong work ethic (first into the office, last out of the office and
Well it looks like asset prices don’t always go up. Of course I’m not surprised by this revelation but the mainstream media did seem surprised with headlines such as “Dow loses 7 million points in the session” and “Worst market performance since dinosaurs roamed the earth” but then of course they need sensationalism as they’re attention seeking. The market action even meant that it made the
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
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
FIRE to a Spanish Island?
Just where has 2017 gone? It seems like only yesterday I was eating One More Year (OMY) humble pie and I now find myself nearly half way through the most difficult part of my FIRE journey to date. The closeness to FIRE is now really starting to hit home making me wonder whether we previously weren’t quite ready and used events like Brexit as an excuse.
Paphos Forest, Cyprus
In the immediate aftermath of the Brexit referendum result my immediate thoughts were has the door to our dream been slammed shut. An initial review suggested that it was still ok, albeit with some potential speed humps, but even though the data said we were still golden some trepidation was still there. In particular I had three main concerns.
The first concern was
10 years ago I took a step back and looked at where my life was going. Family life was great for which I was and remain incredibly fortunate. However when I looked at my career I saw an industry that was being hollowed out, was being outsourced to the lowest cost country and where all the stuff that was fun was slowly being weighed down by stuff I disliked. I was also 34 years of age and by
...and the pounds will look after themselves. A reasonably well known proverb that simply
means if you focus on saving many small amounts of money you'll soon amass a
large amount. It’s also a proverb that
in the circle of people I associate with both at work and in my personal life
seems to not get a lot of attention. I’m
a little different and so it’s a proverb I’ve lived throughout my
To set the scene it’s now been 14 months since I achieved Financial Freedom and it’s been 3 months since we decided to put a year between ourselves and FIRE. Usually this blog is about the quantitative hard numbers around saving, investing and early retirement but on this occasion I’m going to go a little emotional on you because the scene we are in is definitely interesting from a
For those chasing FIRE I’m sure that the 4% Rule will be well known to most. In short it says in your first year of retirement you can ‘safely’ withdraw 4% of your wealth with subsequent year’s withdrawals able to be increased by the prevailing inflation rate. It of course has a few obvious failings:
It doesn’t consider investing expenses or fees
It is not safe at all for a couple of reasons.
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