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How much do you know about financial independence?

March 21, 2015, 5:54 p.m.
Posts: 1172
Joined: Feb. 24, 2017

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!

hmmm, the Heckler Maneuver seems a lot more sound than the Smith Maneuver. you should write a book or go on forums with rabid SM acolytes and 'splain them the technique and wisdom of the HM… on the other hand nevermind. they've got themselves so twisted up in broken logic and bs that they can't see the forest for the trees and you can't convince them otherwise that's it's simply leveraged investing with the end being a lot of debt that you still pay (deductable or not) and a big question mark as to the value of your portfolio. ah well.

March 21, 2015, 6:38 p.m.
Posts: 18109
Joined: Oct. 28, 2003

Awe, shit….

April 1, 2015, 9:39 a.m.
Posts: 18109
Joined: Oct. 28, 2003

We fired our financial advisor yesterday. Perfect timing for the release of Canadian Couch Potato Robo Adviser "Bender"!

http://canadiancouchpotato.com/2015/04/01/announcing-the-couch-potato-robo-advisor-service/

April 1, 2015, 10 a.m.
Posts: 16696
Joined: Nov. 20, 2002

We fired our financial advisor yesterday. Perfect timing for the release of Canadian Couch Potato Robo Adviser "Bender"!

You took that long? Holy cow.

Also … http://www.canadiancorner.ca/high-yield-dividend-stocks-toronto-stock-exchange/

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

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

April 1, 2015, 10:11 a.m.
Posts: 18109
Joined: Oct. 28, 2003

I went self directed in July. Held the better halfs mutual funds just long enough for them to tank due to oil. Woot?

April 1, 2015, 11:26 a.m.
Posts: 1731
Joined: Nov. 23, 2002

I went self directed in July. Held the better halfs mutual funds just long enough for them to tank due to oil. Woot?

classic wealth building strategy - sell when your position hits bottom.

Luck is what happens when preparation meets opportunity ~ Seneca

April 1, 2015, noon
Posts: 18109
Joined: Oct. 28, 2003

Dont time the market.

April 1, 2015, 1:17 p.m.
Posts: 7707
Joined: Sept. 11, 2003

I went self directed in July. Held the better halfs mutual funds just long enough for them to tank due to oil. Woot?

Was looking at the list of companies and wondering how much the dividends of some of those energy companies will be next quarter. Stats Can (which seems to be pretty f*cked up these days so who knows - maybe Dear Leader order a "recalculation" for the election season) says Canada's economy shrank last quarter by 0.1%. But that was entirely due to the Alta and Nfld economies tanking on account of big dorp to falt in oil prices. Everyone else seems to be doing fine for now.

April 1, 2015, 1:34 p.m.
Posts: 18109
Joined: Oct. 28, 2003

that's why we'd much rather own the average of an index than the managed fund who thinks it was a good idea to load up on energy stocks.

Although I wholely agree it's the wrong time to sell this, but I just can't accept that ever widening delta to the TSX any longer.

If you're ever presented with a mutual fund with a performance graph this much lower than it's index, run! I sure wish we'd known better 10 years ago.

April 20, 2015, 3:59 p.m.
Posts: 18109
Joined: Oct. 28, 2003

Monthly Fast Food spending - taking a $72/month (Jan-Jun) average down to $23 will be $588/year we can spend or save elsewhere.

Kicked Ronald right where it hurts! Yeah us! From $72/month down to $12/month = $720 / year increased savings.

Who else has had success in the last 6 months? Share it!

April 20, 2015, 4:04 p.m.
Posts: 33665
Joined: Nov. 19, 2002

I've been getting 0.25% on my savings account.

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

April 20, 2015, 4:16 p.m.
Posts: 18109
Joined: Oct. 28, 2003

I've been getting 0.25% on my savings account.

me too!

April 20, 2015, 6:47 p.m.
Posts: 961
Joined: April 9, 2006

I went self directed on my TFSA in the middle of January, starting with $27k I have made $8500 since then playing the wonderful volatility of the junior oil and gas companies. At first I was up $7k in a month, got greedy and cocky, then went down to $6k, and clawed my way back to $8.5k up in the last three weeks on the latest oil blip.

At some point soon I'll lock in on some more safe stocks, but this has been a lot more fun than getting my quarterly statements.

www.travelswithtyler.com

April 20, 2015, 9:11 p.m.
Posts: 10010
Joined: March 11, 2003

$20k in tuition and education expenses last year.. This better pay off. That's investing, right?

Is there a Vancouver in Taiwan?! I had no idea!!

Nothing sums up my life's achievements like my stuffed corpse, suplexing a cougar.

April 20, 2015, 10:09 p.m.
Posts: 33665
Joined: Nov. 19, 2002

You get to deduct it from your income!

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

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