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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.
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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 […]

Investment Workshop 57: Tax Loss Harvesting

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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.
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Today we’re going to go over a strategy that can be used to reduce your future tax bill on your investment portfolio, which just so happens to be super relevant right now: Tax Loss Harvesting. What Is Tax Loss Harvesting? When you’re still working your way towards your FI target, you’ll generally by only buying ETFs. Even if the market goes wonky and your target allocations go out of whack, you should be able to rebalance back to target by redirecting your monthly cash injections towards assets that have gone down. This is generally the right thing to do, because […]

Return of the Bear Market: Are You Ready?

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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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On Thursday, March 12, the US stock market entered a bear market. US stocks enter bear market territory after Trump’s travel ban ~~CNN A bear market, which is defined as a 20% drop in the stock market, officially brings to an end the longest bull market the world has ever seen. And it was caused by this. President Donald Trump said Wednesday he was sharply restricting travel to the United States from more than two dozen European countries, a drastic step he framed as an attempt to contain a spreading public health crisis that has engulfed his presidency. ~~ Trump says he’s […]

Is the Coronavirus the next Black Swan Event?

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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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The definition of a black swan event is an unexpected event with major negative consequences, and the key word in that description is “unexpected.” If you had asked me at the beginning of 2020 (and many people did) to guess what would cause the next stock market crash, I would have said the US-China trade war, or maybe Brexit, or at very least something to do with Trump and the upcoming US election. A coronavirus pandemic? No way in a million years would I have guessed that. The coronavirus known as COVID-19 has dominated the news coverage in a way […]

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