On the road to financial independence and beyond
Half Year Summary A total return in the year to date of 11.70%, slightly behind the index, results after draw-down expenditure in a capital uplift of 9.65%. Introduction I review my/our financial situation at the end of each month so as to track where we are, and also because I find it interesting. I’d now…
These are some ideas I passed on to a friend recently about taking a first step into investing in shares: Dear I was told that you have a lump sum of cash and are considering how to invest that for yourself and your children. I have some ideas on how I would deal with this which…
Do you have a vision of your future? Do you know where you want to be in five years or twenty-five years, or do you take one day or one year at a time? In considering a path to financial freedom it is helpful to have a vision of reaching that destination. It is useful…
I’d like to say more about my experience so far of living on 4% (or thereabouts) of my drawdown funds each year. Five and a half years ago I quit my job with a view that I could live on my existing assets if I chose to. I finished work in December 2013 so I…
Having a car can be a significant benefit to an individual or family but can represent significant costs being incurred. A car can be one of the top five household expenditures but it is one where we can have and make some choices. A car incurs an initial purchase cost, and an interest cost or…
The 4% “safe withdrawal rate” (SWR) is often mentioned on financial independence blogs (e.g. Monevator) or in books (e.g. Reset). I view it as a guideline based on a specific historical model. I prefer to use natural yield as my guide. Having ceased paid work just over five years ago I have now calculated how…