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How much do you know about financial independence?

Jan. 29, 2021, 8:09 a.m.
Posts: 15170
Joined: Nov. 20, 2002

make money, spend < you make

diversify investemnts

wait 30-40 yars

Jan. 29, 2021, 8:20 a.m.
Posts: 184
Joined: June 17, 2016

Nice thread bump, this was actually one of several places where I learned about the 4% rule, FIRE etc.

We've been doing pretty well tracking our expenses, aiming for ~50% savings rate and dumping everything in a Canadian Couch Potato aggressive portfolio. Won't get us rich overnight but close to zero effort and it's been compounding nicely.

https://canadiancouchpotato.com/getting-started/

https://canadiancouchpotato.com/model-portfolios/

Jan. 29, 2021, 8:34 a.m.
Posts: 11507
Joined: June 29, 2006

Posted by: heckler

@Chupacabra, I feel I must drag you out of the Bitcoin and GME thread. Its never too late- the best tree you can plant is today.

Make a plan and follow through. But not with single stocks.

And Splinky, its definitely too late for a 30 y.o. sugar momma, sorry bud.

If I can plant a tree now Syncro can find a sugar mama, he just has to be flexible on the age.

EDIT: Thanks Neils for the link.


 Last edited by: chupacabra on Jan. 29, 2021, 8:39 a.m., edited 1 time in total.
Jan. 29, 2021, 7:19 p.m.
Posts: 18111
Joined: Oct. 28, 2003

Couch potato is exactly where I would send you (anyone).  

And here.  

https://www.bogleheads.org/wiki/Bogleheads®_investing_start-up_kit

This is a new version I haven't seen yet 

https://www.bogleheads.org/wiki/Bogleheads®_investing_start-up_kit_for_non-US_investors

The (R) will likely break the links, look for Bogleheads getting started

Ironically a coworker just told me about his $GME funded Norco Range he’s hoping to buy.

Jan. 29, 2021, 8:40 p.m.
Posts: 3558
Joined: May 23, 2006

Posted by: chupacabra

Posted by: heckler

@Chupacabra, I feel I must drag you out of the Bitcoin and GME thread. Its never too late- the best tree you can plant is today.

Make a plan and follow through. But not with single stocks.

And Splinky, its definitely too late for a 30 y.o. sugar momma, sorry bud.

If I can plant a tree now Syncro can find a sugar mama, he just has to be flexible on the age.

EDIT: Thanks Neils for the link.

mmmmmmmmmmmm.... suger mama

March 4, 2021, 12:13 a.m.
Posts: 25
Joined: March 28, 2017

Posted by: big-ted

yeah agree on TransferWise, easy to transfer to from my US/CAD Accounts. Direct debit daily max is $9500 though, but super inexpensive.

Clearly, you are more baller than I if you transfer these figures daily! :lol:

still doing it. 1x a month or so. limits are higher now, and Transferwise is changing to just Wise, but rates are a little lower.

March 4, 2021, 8:58 a.m.
Posts: 44
Joined: Jan. 5, 2021

McGill U is offering a free financial literacy program online - google it and sign up for it,

March 4, 2021, 7:55 p.m.
Posts: 18111
Joined: Oct. 28, 2003

Posted by: gearwhore

McGill U is offering a free financial literacy program online - google it and sign up for it,

https://mcgillpersonalfinance.com/

have you taken it?  review?


 Last edited by: heckler on March 4, 2021, 7:55 p.m., edited 1 time in total.
March 7, 2021, 12:20 p.m.
Posts: 44
Joined: Jan. 5, 2021

Posted by: heckler

Posted by: gearwhore

McGill U is offering a free financial literacy program online - google it and sign up for it,

https://mcgillpersonalfinance.com/

have you taken it?  review?

Signed up.  Not yet started

March 15, 2021, 1:10 p.m.
Posts: 44
Joined: Jan. 5, 2021

Posted by: heckler

Posted by: gearwhore

McGill U is offering a free financial literacy program online - google it and sign up for it,

https://mcgillpersonalfinance.com/

have you taken it?  review?

have now started it - a tad basic , but I suppose with literacy in the title it is meant to be basic - I like it a lot so far, and it is certainly worth the price

March 19, 2021, 4:45 p.m.
Posts: 3558
Joined: May 23, 2006

https://commonground.ca/canadian-corruption-by-exemptive-relief/

April 21, 2021, 8:11 p.m.
Posts: 3558
Joined: May 23, 2006

A goo rea dd

https://wallstreetonparade.com/2021/04/a-traders-federal-lawsuit-against-jpmorgan-chase-offers-a-window-into-the-crime-culture-at-the-five-felony-count-bank/

April 22, 2021, 7:37 p.m.
Posts: 18111
Joined: Oct. 28, 2003

Please stop fucking up my thread.  This is about good people saving dollars with the friendly mega-corporations we trust to grow those dollars. 

Or BTC if you're a dreamer

April 22, 2021, 8:31 p.m.
Posts: 3558
Joined: May 23, 2006

Watch out!

It's only when the tide goes out that you learn who’s been swimming naked,” the billionaire investor Warren Buffett has famously said.

During the crash of 2008, the whole world learned just how dangerously nude Wall Street was. Now evidence is accumulating that suggests that many financial institutions are skinny-dipping once more — via similar types of lending that could lead to similar disasters as the water recedes again due to the Covid-19 pandemic.

https://theintercept.com/2021/04/20/wall-street-cmbs-dollar-general-ladder-capital/


 Last edited by: tungsten on April 22, 2021, 8:33 p.m., edited 1 time in total.
April 22, 2021, 10:54 p.m.
Posts: 18111
Joined: Oct. 28, 2003

Knowledge is power.  

What did the S&P do for a year in 2008?   What did it do for the next 10 years?

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