New posts

How much do you know about financial independence?

March 19, 2015, 10:03 a.m.
Posts: 16696
Joined: Nov. 20, 2002

This guy parks near my work when dropping his kid off off at private school. This better not be you!

His name is Paul Carter, and he was one of the first in Canada to pre-order the Model X.

When one person suffers from a delusion, it is called insanity.

When many people suffer from a delusion, it is called religion.

March 19, 2015, 6:54 p.m.
Posts: 809
Joined: Dec. 22, 2002

Fixed it for you..

It's all about making money with money after your housing cost are minimized through old $$

NSMBA member.

March 20, 2015, 9:28 p.m.
Posts: 1172
Joined: Feb. 24, 2017

hey, let's turn this into a thread about the genius of the smith maneuver. ya'll down with it right? everyone building wealth with ye old smith maneuver?

March 21, 2015, 7:13 a.m.
Posts: 494
Joined: Dec. 29, 2006

It's $36500 maximum.

why is every thing else written as value then unit but when indicating dollars the unit goes in-front of the value?

March 21, 2015, 7:31 a.m.
Posts: 18112
Joined: Oct. 28, 2003

hey, let's turn this into a thread about the genius of the smith maneuver. ya'll down with it right? everyone building wealth with ye old smith maneuver?

Nope, I'm not comfortable with leverage, as it can be applied in both directions.

I follow the Heckler Maneuver (previously patented and implemented by the better half). Pay off the mortgage in 12 years and then start investing your payments aggressively. Granted, there is an amount of could have/should have, but no one started this thread for me in 2003, so I knew squat about FI. Luckily, my employers helped me squirrel away 10%, which also adds up!

March 21, 2015, 7:35 a.m.
Posts: 14412
Joined: Feb. 19, 2003

hey, let's turn this into a thread about the genius of the smith maneuver. ya'll down with it right? everyone building wealth with ye old smith maneuver?

I've been leveraging my home equity to buy assets. Not as aggressively as Smith M, as I have a debt threshold I want to stay below. It's been working great.

March 21, 2015, 7:48 a.m.
Posts: 18112
Joined: Oct. 28, 2003

why is every thing else written as value then unit but when indicating dollars the unit goes in-front of the value?

Wiki knows all, but I'm done googling for you. If this is your only question about FI, congratulations!, you must already be livin the dream.

http://en.m.wikipedia.org/wiki/ISO_4217

http://en.m.wikipedia.org/wiki/Dollar_sign

Mind you, english.stackexchange just has random theories about it.

http://english.stackexchange.com/questions/11326/what-is-the-difference-between-20-and-20

March 21, 2015, 7:56 a.m.
Posts: 33673
Joined: Nov. 19, 2002

why is every thing else written as value then unit but when indicating dollars the unit goes in-front of the value?

Not always this way in Quebec.

But it is strange, especially some cents symbol comes after, like 50c.

As for financial independence, is there such a thing as an investment vehicle with a guaranteed five percent rate of return? If large amount of capital is required, that's OK.

It is easy to dodge our responsibilities, but we cannot dodge the consequences of dodging our responsibilities.
- Josiah Stamp

Every time I see an adult on a bicycle, I no longer despair for the future of the human race.
- H.G. Wells

March 21, 2015, 8:18 a.m.
Posts: 18112
Joined: Oct. 28, 2003

Over what time period?

March 21, 2015, 8:22 a.m.
Posts: 33673
Joined: Nov. 19, 2002

One year, 5 years, 10 years.

It is easy to dodge our responsibilities, but we cannot dodge the consequences of dodging our responsibilities.
- Josiah Stamp

Every time I see an adult on a bicycle, I no longer despair for the future of the human race.
- H.G. Wells

March 21, 2015, 8:29 a.m.
Posts: 18112
Joined: Oct. 28, 2003

http://en.m.wikipedia.org/wiki/S%26P_500#Annual_returns

10 years + is easy.

March 21, 2015, 8:35 a.m.
Posts: 18112
Joined: Oct. 28, 2003

http://canadiancouchpotato.com/wp-content/uploads/2015/01/CCP-Model-Portfolios-Vanguard.pdf

http://canadiancouchpotato.com/model-portfolios-2/

March 21, 2015, 8:39 a.m.
Posts: 18112
Joined: Oct. 28, 2003

Mind you, that's not guaranteed and past results are not indicative of future results. Following a balanced diversified set of indices at low fees though is my best chance at success though.

March 21, 2015, 8:47 a.m.
Posts: 33673
Joined: Nov. 19, 2002

Thanks. I'll look more into Vanguard.

It is easy to dodge our responsibilities, but we cannot dodge the consequences of dodging our responsibilities.
- Josiah Stamp

Every time I see an adult on a bicycle, I no longer despair for the future of the human race.
- H.G. Wells

March 21, 2015, 9:09 a.m.
Posts: 18112
Joined: Oct. 28, 2003

Start here to understand the basics first. Vanguard is just one of the available tools to implement the strategy.

http://canadiancouchpotato.com/couch-potato-faq/

http://canadiancouchpotato.com/2010/11/10/ready-willing-and-able-to-take-risk/

Forum jump: