Michael James on Money
WEBAug 20, 2024 · 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
WEBDec 30, 2022 · 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
WEBDec 31, 2021 · 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.
Invest As I Say, Not As I Do - Michael James on Money
WEBNov 10, 2021 · 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.
Taking CPP and OAS Early to Invest - Michael James on Money
WEBMay 23, 2022 · You’d be choosing between taking $640 per month now, or waiting a month to get more. For the one month delay, the CPP rules say you’d get an additional 0.6%. But this is 0.6% of the amount for CPP at 65, or $1000. So, you’d get $6 more. You’d also get more because of the excess wage inflation over price inflation.
A Conversation About CPP - Michael James on Money
WEBMar 31, 2022 · MJ: Yes, but not by very much. In my own case, my wife and I will be penalized by close to the maximum possible amount, and we’re still better off delaying CPP. The amount the benefits rise during the years from 60 to 65 is far more than the penalty from not working from 60 to 65. CF: So, things are still pointing toward delaying CPP.
Retirement Income for Life (Second Edition) - Michael James on …
WEBFeb 19, 2021 · Enhancement 1: Reducing Fees. The first enhancement is to reduce investment fees. The Thompsons go from 1.8% MERs to 0.6% MERs using a robo-advisor. Over 25 years, this reduces the fees bite from 36% to 14%. “Simply reducing fees adds nearly three more years of RRIF income” for the Thompsons.
A Life-Long Do-It-Yourself Investing Plan - Michael James on Money
WEBMar 31, 2021 · 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 shiny ideas that add risk and complexity.
Michael James on Money: How to Respond to Rising Stock Markets
WEBJul 7, 2021 · As stock markets rise to ever larger price-to-earnings (P/E) ratios, the odds of a market crash grow. However, we can’t know when such a crash might come, so I’m not interested in trying to time a sell-off of all my stocks.
The Value of Monte Carlo Retirement Analysis - Michael James …
WEBApr 6, 2021 · A Monte Carlo simulator can easily hide an assumption that we’re headed to interest rates of minus 10%. Most experts don’t believe future stock returns can match average 20th century returns in the U.S., but a simulator can assume they will. Another problem most Monte Carlo simulators have is that they assume future returns aren’t ...
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