tag:blogger.com,1999:blog-2875915890415125655.post6098349031871031510..comments2023-05-18T10:37:34.608+01:00Comments on <a href="http://www.retirementinvestingtoday.com">Retirement Investing Today</a>: 2015, Saved by SavingRetirementInvestingTodayhttp://www.blogger.com/profile/03088383743670046657noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-2875915890415125655.post-45090294573042397862016-02-04T10:42:09.252+00:002016-02-04T10:42:09.252+00:00Why on earth would anyone flame you for it? :)
An...Why on earth would anyone flame you for it? :)<br /><br />Anyway, I knew you'd have looked into it.<br /><br />Personally I think the aim should be to try to get security over trying to anticipate directionality. As a non/low earner, that will be important. :)The Investorhttp://monevator.comnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-64574111204863488992016-01-23T09:11:32.250+00:002016-01-23T09:11:32.250+00:00Great to hear from you TI.
You are 100% right on ...Great to hear from you TI.<br /><br />You are 100% right on the currency risk front. It is a consideration. I started to mention it publically in the past and was flamed for it from some readers. I've of course continued thinking about it behind the scenes with latest thinking:<br />- I'm planning on the rate being the current rate for the home purchase but using the long run GBP:EUR RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-50400125193493362532016-01-22T13:56:27.492+00:002016-01-22T13:56:27.492+00:00p.s. Sorry, I mean buying a home locally -- i.e. a...p.s. Sorry, I mean buying a home locally -- i.e. a property near the Med.The Investorhttps://www.blogger.com/profile/05898176600354164258noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-31831803616924385162016-01-22T13:55:51.612+00:002016-01-22T13:55:51.612+00:00Nearly there RIT. I wouldn't look at the 2015...Nearly there RIT. I wouldn't look at the 2015 investment performance as a miss, but as a lot of stored firepower socked away for future returns. :)<br /><br />Not sure if you've discussed this before, but I am slightly concerned about currency risk now you've decided it will definitely be the Med for you. The swings in GBPEUR have been pretty big, historically, and I've seen The Investorhttps://www.blogger.com/profile/05898176600354164258noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-66966684819921094422016-01-19T20:58:31.080+00:002016-01-19T20:58:31.080+00:00As always thanks for the thoughts and wishes. Tru...As always thanks for the thoughts and wishes. Trust me I'm going to go for it. If 6 months out it's not looking good I'll start to poke around and make relevant mortgage enquiries. If it's not looking good I guess the worst thing is that I have to work a little longer although that is of course not preferred. I really do want to move to my next life phase at £1M. Watch this RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-51601353194278761812016-01-19T09:15:38.980+00:002016-01-19T09:15:38.980+00:00Excellent reply RIT. I hope it all works out bette...Excellent reply RIT. I hope it all works out better than you could possibly have imagined.John from UK Value Investorhttp://www.ukvalueinvestor.comnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-71806068719014191042016-01-19T08:44:42.793+00:002016-01-19T08:44:42.793+00:00I don't think that you will be ineligible for ...I don't think that you will be ineligible for a bank mortgage as a retiree. You might need to shop around a bit - but you would be in a situation with a very small loan to value and you will have other real assets to back this up - and hopefully regular and secure income to continue your lifestyle as well as service your mortgage - so your mortgage would be a very low risk as far as the bankstringvestnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-33906760747162005842016-01-18T21:11:09.644+00:002016-01-18T21:11:09.644+00:00Hi stringvest
In my asset allocation I show them ...Hi stringvest<br /><br />In my asset allocation I show them as bonds which is aligned with your thoughts. I call them cash-like as they will not suffer the vagaries of Mr Market. You are quite correct that I will be penalised if I cash them in before time. I understand the penalty is 90 days interest and the index-linking for that investment year. The interest on my current certificates is RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-38780319351369181732016-01-18T09:24:07.524+00:002016-01-18T09:24:07.524+00:00RIT,
In your portfolio asset allocation calculati...RIT,<br /><br />In your portfolio asset allocation calculations , are you considering Nat. Savings ILSC's as : cash , cash-like or as bonds. In todays post you are considering them as a cash-like holding , but I think I remember that you have considered them as bonds - or bond substitutes - in the past . They are more like fixed-term bonds than cash - as there are penalties if you cash them stringvestnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-40476527170789028042016-01-17T12:52:29.502+00:002016-01-17T12:52:29.502+00:00Hi John
If you're going to do something you m...Hi John<br /><br />If you're going to do something you might as well do it well :-)<br /><br />On a more serious note for me FIRE has always been about work becoming optional. I also do not expect to spend my FIRE life with a margarita in hand, in a hammock on an abandoned beach. That would turn my brain to mush.<br /><br />How do I think it will play out:<br />- Find the country and RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-3305323609584903272016-01-17T12:46:03.861+00:002016-01-17T12:46:03.861+00:00Happy New Year to you also. This is something I a...Happy New Year to you also. This is something I am yet to give much thought to. I had always thought that about 6 months out I'd start giving this some more serious thought. Given my current wealth there is plenty Mr Market can throw in front of me between now and that 6 months.<br /><br />That said, I am sure the physiological / emotional elements will start to rise to the surface as I RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-12006354187283791722016-01-17T12:42:46.737+00:002016-01-17T12:42:46.737+00:00Hi Anon
I don't use any pre-prepared template...Hi Anon<br /><br />I don't use any pre-prepared templates. A couple of reasons for this:<br />- By building them yourself you gather the data that you need for what you are trying to achieve;<br />- You also know exactly how all the assumptions and analysis builds up meaning you will understand what is going on<br /><br />If I was starting out again I'd start with:<br />- The first RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-619216036632847032016-01-17T11:45:33.052+00:002016-01-17T11:45:33.052+00:00Hi RIT, meticulous as ever. I do greatly admire yo...Hi RIT, meticulous as ever. I do greatly admire your dogged pursuit of FIRE although personally it's not something I have ever really gotten into. <br /><br />After being made redundant from my first two jobs I decided that work was something I had to do for myself, not for "The Man". So I have always tried to work at things I enjoy and if I'm not enjoying it, it's time to John from UK Value Investorhttp://www.ukvalueinvestor.comnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-17417245201906084332016-01-17T08:02:00.844+00:002016-01-17T08:02:00.844+00:00Happy 2016. It would be nice to see some posts thi...Happy 2016. It would be nice to see some posts this year reflecting on thoughts on extracting oneself from a job with a company that clearly values you highly. I've seen well considered exits take 12+ months, and others walk away rapidly with, justifiably, little feeling of loyalty or indebtedness.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-81660744403981525462016-01-16T18:32:54.030+00:002016-01-16T18:32:54.030+00:00Hi I love your blog, awesome find great work. I am...Hi I love your blog, awesome find great work. I am new to this and following in your footsteps from 2007 so I would like to ask you about recording your finances, excel obviously but can you refer me to any templates you used? or do you have any you can share? many thanks I look forward to following your journey and starting mine in 2016Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-83042636296098630112016-01-16T18:12:12.889+00:002016-01-16T18:12:12.889+00:00Thanks for reinforcing the need for caution when l...Thanks for reinforcing the need for caution when lending with P2P. You are of course right. I believe I've reinforced the need to do your own research on every P2P post I've ever made. It’s still a new form of investing, few of the companies have ever been through a serious recession and of course your capital is always at risk.<br /><br />That said I've done my own research and asRetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-79129199378305885992016-01-16T18:10:29.107+00:002016-01-16T18:10:29.107+00:00Many congratulations on that 59% figure. Truly im...Many congratulations on that 59% figure. Truly impressive!<br /><br />Look after that DB pension. A scarce and valuable thing in the modern day.RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-73279571620785215592016-01-16T18:08:47.402+00:002016-01-16T18:08:47.402+00:00Thanks for the wishes ambertreeleaves. I too am l...Thanks for the wishes ambertreeleaves. I too am looking forward to that day. I just hope I have the courage to go to full FIRE once my full FI (rather than that based on current spending) wealth figure is reached.RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-1415645569895585092016-01-16T17:51:39.505+00:002016-01-16T17:51:39.505+00:00great post, thanks for sharing. I'd be cautiou...great post, thanks for sharing. I'd be cautious with regards to rate setter, this 10% return offer to gain more customers in order to keep the pyramid scheme going??? just saying..... Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-8841610078487357762016-01-16T16:53:30.293+00:002016-01-16T16:53:30.293+00:00Well done on achieving FI!
I like your method of ...Well done on achieving FI!<br /><br />I like your method of calculating savings rate - on that basis I'm at 59%. Although my earnings are not in the same league as yours, I do have a defined benefit pension, and last year my employer contribution was equivalent to 20% of pensionable salary which is a big boost to the savings rate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-81926616363806622172016-01-16T15:44:35.723+00:002016-01-16T15:44:35.723+00:00Interesting story to read. It is great to see that...Interesting story to read. It is great to see that people can hit FIRE goals. I look forward to the day you publish that post.<br />I do like the detailed charts. They underpin well the math and goals behind your journey.Anonymousnoreply@blogger.com