Friday, November 20, 2020
Wednesday, November 11, 2020
This is 12th year we are keeping our family budget formally, recording every expense and trying to make sense of it all at the end of the year.
Friday, November 6, 2020
This rule was advertised by the finance industry since mid-90s, when a paper had been circulated stating that withdrawing 4 per cent from your portfolio a year will make it last for at least thirty years.
Before we look into the background and underlying assumptions lets have look at the 30 years of retirement. This is particularly important to note that healthy working life expectancy at the age of 50 years is on average 9.5 years for men and 8.5 years for women. This means that the healthy working life expectancy at age 50 years in the USA and the UK is below the remaining years to State Pension age. So out of the average life expectancy of 80 years old, last twenty are in poor health, where people are unable to enjoy the life.
Saturday, October 31, 2020
Friday, October 9, 2020
Friday, October 2, 2020
↑ Financial independence savings for last month $2,000
Grand total additions: $2,000 USD
↓ Emerging Markets Stock Index Fund is down by $2,717 or -2.0%
↓ Eurozone Stock Index Fund is down by $3,519 or -2.8%
↓ US 500 Stock Index Fund is down by $6,165 or -4.0%
↓ Global Small Cap Index is down by $3,038 or -2.6%
↓ Fidelity Growth Fund is down by $411 or -0.7%
↓ EUR is down to USD by 2.4% or $6,392 for my portfolio
↓ GBP is down to USD by 4.5% or $2,535 for my portfolio
Grand total losses: $24,778
Tuesday, September 29, 2020
My August financial independence monthly update contained graph, comparing various indexes. This included British Financial Times Stock Exchange Group (FTSE) and Moscow Exchange (MOEX).
Figure1. British FTSE trading like an emerging market and trailing behind Russian index in 2020
Lets see Bernard’s arguments: