What’s piqued my interest this week?
“If you start with $1.2 million chunk (a 3% withdrawal rate), it is overwhelmingly certain that you’ll have a growing surplus for life.”
“A fixed chunk of money is about as safe a retirement strategy as you’ll ever find.”
“Stock market crashes are never permanent. In the long run, the market always goes up. So all that happens during a crash is that those few shares that you do sell during those brief times when the market is down, will hurt your account balance just a bit more. Within a year or two, the market is back up and your remaining stocks are more valuable than ever. If you want even further reassurance, you could just choose to spend a bit less money during this time.”
“Now, these statements do all depend on the continued existence of a productive human race which continues to innovate and trade and not destroy its own productive capacity.”
“Heck, even if you are stuck with a $1 million house occupying a huge part of your net worth, you can convert that into livable money: sell the house, put the cash into index funds, and use the resulting cash stream to rent a spiffy but reasonably priced house or apartment in the lovely walkable area of your choice.”
- Brexit twists the blade on UK GDP. Helpfully my beautiful part of the UK is least affected (8)
- And some ‘experts’ worry a no-deal Brexit will prompt an interest rate rise and housing market crash (9) N.B. I try to read widely for my news, generally the Guardian counterbalanced by the Telegraph with the FT thrown in. I’ve recently gone back to browsing the i and the Independent, but I’m still not entirely convinced of a) editorial quality and b) editorial independence.
- However the housing market saw a slight rise in prices (0.3%) last month. Crack out the Moet! (10)
- But it doesn’t matter anyway as based upon the Met Office’s latest predictions low lying areas (most cities) will be flooded anyway (11)
- So the rest of the UK should follow Scotlands lead on de-carbonisation (12)
- And most homeowners want solar panels (13)
- Which will be helped by a deal between Tesco and VW to provide free electric charging points (14)
- Just a shame that Network Rail continues to fail, and our aging trainstock are falling apart (15)
- As ticket prices rise by 3.1% (16)
- And in a study not really picked up by UK news outlets, Brexit is pushing more businesses to automate (17)
- Ermine with a multivariate rant, on the usual suspects. 10/10 would read again (18)
- Nils Pratley at the Guardian always turns up interesting pieces. This on the Restaurant Groups Wagamama buyout is great (19)
- TEA has a piece this week on the ease of investing (20)
- LMF updates on her reselling ventures (21)
- DIY Investor UK rants about Brexit (22)
- TFS has a guest post from Kieran at Money on Fire (23)
- While FIUKMoney has a guest post from their kid! (24)
- Savings Ninja talks about Merch by Amazon as a side hustle (25)
- And applies minimalism to their life (26)
- And over on Tuppennysfireplace a guest post talks about what to do if you can’t snowball method your debts (27)
- Dr Fire has a great post on financial lessons from video games (28)
- Indeedably has some typically fab figures on poverty, and whether financial independence is available to all (29)
- And a reflective post on the benefits of measurement to health, wealth and wisdom (30)
The kitchen garden:
What I’m reading:
Fools and Mortals – Bernard Cornwell
Religio Medici and Urne-Buriall by Sir Thomas Browne – the theological and psychological reflections of a C17th doctor.
Enchiridion by Epictetus – Bedside reading for a bad day
3 thoughts on “The Full English Accompaniment – Not all advice is good advice”
Thanks for another bunch of great links.
Ref MMM, I guess he’d be ok with this strategy if things went belly up, since he’s been banking his $400k a year from his website and likely to continue to do so.
His many followers may not fare so well (particularly if struck with sequence of returns risks) so I hope they all do their own research.
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That first bit blew my mind somewhat. Fractals?! Huh?! 🙂
MMM post was a bit slap dash wasn’t it. It is hard/impossible to get all of the nuances across in just one article but that doesn’t mean you should just tout a one size fits all attitude like he tends to do…
Thanks for the link!
The FU post was from their son not daughter by the way! 🙂
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Moral of the story I think is that you can manipulate maths to tell any story you want, and use enough big words to sell it.
FU post updated, my bad!