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Is Inflation Starting to Peak?

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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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(Note: Stay tuned until the end of this post for a fun give away!) Inflation. It’s everywhere, affecting everything from gas to groceries to rent, and it doesn’t seem to be disappearing anytime soon. Just last week, the US Bureau of Labor Statistics released their inflation report for June 2022, and US consumer prices clocked a nose-bleed inflation level of 9.1%, the highest in about 40 years. Inflation surged to a new pandemic-era peak in June, with US consumer prices jumping by 9.1% year-over-year, according to fresh data released Wednesday by the Bureau of Labor Statistics. US inflation hit 40-year […]

Is It Time To Buy Bonds Again?

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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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Bonds have been having a rough 2022. Though to be fair, pretty much every asset class has too. The S&P 500 officially hit bear market territory in June 2022, Europe and the international markets are also down about 20%. Canada has been the over-performer this year, losing “only” 10% YTD, our export-heavy economy benefitting from the rise in oil and wheat prices caused by the war in Ukraine. Bonds are usually supposed to be anti-correlated to the stock market, meaning that when stock markets go down bonds are supposed to go up as investors flee from risky assets to safer […]

Does High Inflation Destroy the 4% Rule?

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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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Move over, coronavirus. After dominating the news for 2 years straight, the buzzword that has now taken over the financial media is no longer the dreaded C-word, but the dreaded I-word: Inflation. Inflation used to be something we read about in the history books. Well, not anymore. With inflation hitting 20-year highs all around the world and everything from a tank of gas to a package of hot dogs becoming more expensive that it was even a few months ago, all of a sudden inflation is the issue that everyone’s talking about. So let’s talk about it here. Over the […]

Will There Be a Recession in 2022?

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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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These past few weeks have been an excellent time to get out, enjoy the nice weather, and ignore the financial markets because YIKES, have they been volatile! The Dow Jones Industrial Average lost 1,063 points, or 3.12%, to close at 32,997.97. The tech-heavy Nasdaq Composite fell 4.99% to finish at 12,317.69, its lowest closing level since November 2020. Both of those losses were the worst single-day drops since 2020. Dow tumbles 1,000 points for the worst day since 2020, CNBC.com The S&P 500 fell more than 13% between January and April of this year. That’s the worst four-month start to a year […]

How To Avoid Investment Scams

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FIRECracker is a world-travelling early retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-figure portfolio, which has allowed her and her husband to retire at 31 and travel the world. Their story has been featured on CBC, the Huffington Post, CNBC, BNN, Business Insider, and Yahoo Finance. To date, it is the most shared story in CBC history and their viral video on CBC's On the Money has garnered 4.5 Million views.
FIRECracker
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Back in 2015, while travelling, we went to the Canadian Consulate in Chiang Mai, Thailand to request some tax documents for our first book. There, we met another Canadian, who was trying to convince the Canadian consulate to fly him home for free because he’d run out of money. Let’s call him “Nick”. Nick, as it turns out, was in a dire situation because after selling a multi-million dollar company, he’d bet hard on a second start-up, which was hemorrhaging money and was in Thailand with his Thai wife, hiding from his creditors. He started chatting us up, saying how […]

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