Investment Workshop 51: Let’s Go To Vanguard!
Hello again and welcome back to the Millennial Revolution Investment Workshop! New readers, please click here to start from the beginning. Today we will be initiating out transfer from TD Ameritrade to Vanguard. If you don’t know what the Hell I’m talking about, read here to get the background story of why we have decided to end our endorsement of TD Ameritrade, and read here to understand why we believe Vanguard is the most worthy new home for our investment funds. So the last time we revisited this topic, we wanted to transfer our funds out but we didn’t want […]
How Not to Deplete Your Portfolio in Retirement
We’ve written extensively about the 4% rule, and we’ve also written about how to guard against an unluckily timed market crash screwing over your portfolio right as you retire. And to recap, the way to guard against this (called Sequence of Returns Risk by finance wonks) is to do the following: Swing your portfolio towards fixed income assets to establish a “Yield Shield” Build up a 3 year cash cushion outside the portfolio Identify ways to cut your expenses to below the Yield Shield if a market crash happens. Travelling to low cost countries is our preferred method. “If shit […]
Investment Workshop 51: Transfer-Palooza In Progress
Hello again and welcome back to the Millennial Revolution Investment Workshop! New readers, please click here to start from the beginning. Hi everyone! Just wanted to provide an update as to what’s going on. Last week, we decided to transfer our workshop portfolios from TD Ameritrade to Vanguard because of the recent changes they’ve made to their fee schedule. Basically, they removed the low-cost Index ETFs we were using to invest from their commission-free ETF list, meaning that the sweet sweet zero-cost investing we’ve been doing is going away. Note: After an outcry from not just us but EVERYONE, TD […]
Investment Workshop 50: Goodbye TD Ameritrade, Hello Vanguard!
Hello again and welcome back to the Millennial Revolution Investment Workshop! New readers, please click here to start from the beginning. Hi everyone! Wow, we are quickly coming up to the end of our 1-year Investment Workshop experiment. My, how time flies. Today we’ll be doing not just one but two big things: Our last buy of the year AND…completely switching over our brokerage account! Nothing too major. For those who don’t know, we’ve been using TD Ameritrade as our American trading platform because of their fairly extensive list of commission-free ETFs. We liked this setup since it allowed us […]
The Three Paths to Financial Independence
Over the past 2 years of post-retirement, we’ve met dozens of people who had either reached Financial Independence themselves or were well on their way there. And something we noticed over time was that while many of them had similar views to money as we did, not everyone necessarily agreed with us on everything. And not everyone took the exact same path to get there. Some bought investment properties, some started businesses, some invested in individual stocks, which on the surface contradicts everything we talk about on Millennial Revolution. Some weren’t even millennials! *gasp* The horror. Yet these people still […]