Michael James on Money
网页2024年9月6日 · The current Costco premium gas price in my area is 174.9 cents/L, and my car as a gas car would cost 13.6 cents/km to run. So, I save 13.6 ‒ 2.4 = 11.2 cents/km. For the 85,000 km I’ve driven so far, I’ve saved about $9500. I didn’t know about one-pedal driving before I bought my Model 3.
Michael James on Money: 2022
网页2022年12月30日 · How much can we spend from a portfolio each year in retirement? An early answer to this question came from William Bengen and became known as the 4% rule.Recently, Ben Felix reported on research showing that it’s more sensible to use a 2.7% rule.Here, I examine how a seemingly minor detail, the size of the sampling blocks of stock and bond returns, affects the final conclusion of the safe ...
Michael James on Money: 2021
网页2021年12月31日 · Of the $112,000 jump in stock value, we shifted $65,000 over to bonds, and left only $47,000 of it in stocks. Although the bond allocation went from 20% to 27%, a 35% increase, the dollar amount in bonds rose 65%. This is a substantial shift, and it leaves a healthy bond buffer if stock prices subsequently crash.
Retirement Income for Life (Third Edition) - Michael James on Money
网页2024年8月14日 · This is a formula for running out of retirement savings early. In this third edition, Vettese assumes that retiree spending will rise with inflation until age 70, then rise one percentage point below inflation during one’s 70s, two percentage points below inflation from age 80 to 84, then 1.8% below at 85, 1.6% below at 86, 1.4% below at 87 ...
Michael James on Money: A Life-Long Do-It-Yourself Investing Plan
网页2021年3月31日 · A Life-Long Do-It-Yourself Investing Plan. The financial products available today can make do-it-yourself (DIY) investing very easy, as long as you don’t get distracted by bad ideas. Here I map out one possible lifetime plan from early adulthood to retirement for a DIY investor that is easy to follow as long as you don’t get tempted by ...
Count on Yourself - Michael James on Money
网页2020年8月25日 · In conclusion, parts of this book may be useful for novice investors who need to be eased into understanding personal finance, investing, and the rationale for avoiding expensive mutual funds. However, the detailed recommendations are too complex and now out of date for this type of reader. Posted by Michael James at 7:00 AM.
My Investment Return for 2020 - Michael James on Money
网页2021年1月21日 · Last year I said I wasn’t counting on 2020 delivering another year of double-digit returns. Well, despite a wild ride in the stock market, I wasn’t too far from double digits with a return of 7.7%. This almost exactly matches my 2020 benchmark return of …
Invest As I Say, Not As I Do - Michael James on Money
网页2021年11月10日 · Hi Graeme, Thanks for the kind words. If you can quantify your savings from using U.S.-listed ETFs and strategic asset location choices, that should give you a good idea of whether the extra effort is worth the return.
Michael James on Money: November 2023
网页2023年11月10日 · A blog about personal finance, investing, and money. Jeremy Siegel recently wrote, with Jeremy Schwartz, the sixth edition of his popular book, Stocks for the long Run: The Definitive Guide to Financial Market Returns and Long-Term Investment Strategies.I read the fifth edition nearly a decade ago, and because the book is good enough to reread, this sixth edition gave me the perfect ...
Michael James on Money: Short Takes: 2021 Investment Returns, …
网页2022年1月14日 · Before the pandemic, my wife and I used to travel south with a group of friends to somewhere warm during part of the Canadian winter. In 2020, the pandemic cut this trip short a little, and we didn’t go in 2021 at all.