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How Owning Individual Stocks Can Destroy Your Portfolio

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
Wanderer
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A reader asked us the other day “Why are you so against owning individual stocks? If I want to directly own a few companies I follow alongside a balanced, diversified index ETF-based portfolio, what’s wrong with that?” This is actually a really important question, because it’s fairly common for people to set aside a portion of their portfolio and actively trade with it. Maybe it scratches their itch to “do” something, or maybe they think it’s fun to day-trade. I don’t personally find it fun, but some do, and I admit that while index investing is stastically the best and […]

How The Hell Are We Going To Pay For All This Stimulus?

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
Wanderer
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As we enter the seventh month dealing with this damned pandemic, governments around the world have unleashed unprecedented spending in order to prop up companies, provide wage subsidies for laid off or furloughed workers, or just straight-up handing over cash to its citizens. This has been, to put it mildly, HUGELY expensive. The US government is projecting a deficit of about $3.8 TRILLION dollars, and that’s just this year. In Canada, our deficit is projected to hit $343 billion, with COVID-related subsidy programs costing about $212 billion dollars. To put that in comparison, Canada’s budget for its entire military for […]

Investment Workshop 59: Are Robo-Advisors Compatible With FIRE?

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
Wanderer
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If you’d like to follow along with our Workshop and you’re interested in trying out Robo-Advisors, please click the below banner to open an account. While our Workshop is free, we use affiliate links to support the site so that we can keep offering this for free. Plus, you’ll get your first $10,000 managed for free! Over the past few weeks, we’ve examined Robo-Advisors, what they are, how they work, and we even took one out for a test drive to see what the user experience was like. So today, as we wrap up our Robo-Advisor investigation, let’s try to […]

Investment Workshop 58: Funding our Wealthsimple Accounts

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
Wanderer
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If you’d like to follow along with our Workshop, please click the below banner to open an account with Wealthsimple. While our Workshop is free, we use affiliate links to support the site so that we can keep offering this for free. Plus, if you open an account with this link, your first $10,000 will be managed for free! OK so we’ve opened our accounts, we’ve set up (and tweaked) our portfolio allocations, and our ETF makeup has been picked out for us. So what’s our next step? Let’s get some money invested! Linking Your Bank Accounts with Wealthsimple The […]

Our Pandemic Portfolio: How are our investments doing?

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
Wanderer
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A reader recently asked us “how is your portfolio doing? Is the Yield Shield holding up?” And our reaction was “good question. We should probably take a look at that.” A side effect of not being terribly anxious during this crazy time is that we haven’t been checking our portfolio all that often, but now’s a good time as any to see how things are going in our retirement accounts. But before we dig into the numbers, just to recap our retirement income strategy, our ability to survive this recession is based on three things: The Yield Shield: Our portfolio […]

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