Michael James on Money
WEBSep 6, 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: 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.
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: A Life-Long Do-It-Yourself Investing Plan
WEBMar 31, 2021 · 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
WEBAug 25, 2020 · 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 However, the detailed recommendations are too complex and now out of date for this type of reader.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.
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.
My Investment Return for 2020 - Michael James on Money
WEBJan 21, 2021 · 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 7.6%.
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.
What to Do About Crazy Stock Valuations - Michael James on …
WEBDec 13, 2021 · Suppose a $500,000 portfolio with a 20% bond allocation sees a jump in the CAPE from 25 to 32. This is a 28% increase in stock prices. So, we started with $100,000 in bonds and $400,000 in stocks, and the stocks jumped in value to $512,000 for a total portfolio size of $612,000.
If Simplicity in Investing is Good, Why is My Portfolio Complicated?
WEBApr 21, 2021 · My recent article on A Life-Long Do-It-Yourself Investing Plan describes a way to make investing uncomplicated while keeping costs to a reasonable level. Reader reactions were very positive, but some of the questions I received are worth discussing. “You’re advocating simple investing, but your own portfolio is complex.”
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