Cut The Crap Investing recently looked at the go-to chart on creating retirement income. The post looked at sustainable spend rates. The 4% “rule” suggests that you can start at a 4.2% spend rate, and then increase spending each year to adjust for inflation. That protects your spending power and lifestyle in retirement. That said, […]
A good first half for 2024 on the Monday Reads.
And we’re at the halfway mark for 2024 for sector and stock market performance evaluation. In Canada, it’s energy in the lead with materials coming up the inside looking to challenge. Yup, it’s still inflation fighters leading the way. Interest rate sensitive stocks continue to stumble and trip and cause their owners some considerable stress. […]
Using your TFSA to pay off the mortgage, on the Sunday Reads.
Many Canadian homeowners are about to face the big fixed rate reset. Of the $2 trillion in outstanding mortgage debt, only 5% came up for renewal in 2023. The bulk of the rate reset will arrive in 2025, 2026 and 2027. The popular 5-year fixed rate mortgages will come up for renewal. Many households will […]
Paying total fees that eclipse your portfolio value on the Sunday Reads.
While many were watching the solar eclipse this past week, I had my eyes on Canadian mutual fund fees that can eclipse the peak value of your portfolio. That is celestially incredilbe. Or incredibly troubling that is. Those high fees can block out your portfolio returns. But most Canadians are in the dark with respect […]
Preparing for war and hoping for peace on the Sunday Reads.
There is no avoiding the crisis and tragedy of the Israel-Hamas war. While nothing can begin to match the humanitarian concerns, we will address the financial, economic and global risks. Preparing for war is preparing for risk and uncertainty whether that be a humanitarian crisis or a financial calamity. The risks and events can commingle […]
Using defensive sector ETFs for the Canadian retirement portfolio.
In a recent post we saw that the defensive sectors were twice as effective as a balanced portfolio moving through and beyond the great financial crisis. The financial crisis was the bank -failure-inspired recession and market correction of 2008-2009 and beyond. It was the worst correction since the dot com crash of the early 2000’s. […]