Friday: ups & downs
Finance is a combination of luck, good/bad decisions, and a little bit of chance!
Let's talk about your ups and downs! What successes did you have this week? Who messed up?
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Finance is a combination of luck, good/bad decisions, and a little bit of chance!
Let's talk about your ups and downs! What successes did you have this week? Who messed up?
Finally got the car in to see about the millions of check lights that came on a while ago. Nice fat bill of $2300 to fix it, ugh
At least, you'll now be driving a safer car !
Up: Just $746 more and I'll hit a new milestone in my investment portfolio! 🤩
Down: I'm just $746 short of reaching that milestone in my investment portfolio. 😩
So, what is the milestone ?
250K
Wow, great ! Congrats.
My success of the week: while taking a walk with the children, I found a copy of David Chilton's The Wealthy Barber in a Little Free Library.
My biggest failure: I noticed that for some people, CASH.TO has replaced more lucrative investments like XEQT, for example. I understand why: it's reassuring and safe, and earning 5%+ is nothing to scoff at. I had that investment profile for a long time due to various reasons. However, if I had started investing when I could and didn't put all my money in HISA, I would have achieved my FIRE goals this year with a substantial amount in my investments. So, be smart and don't make the same mistake I did.
One-third of my portfolio is currently allocated to CASH.TO 😄
However, this is intentional as I am saving this portion for the down payment on my first property.
CASH.TO is great for your use case. But I've seen so many people getting stuck with it recently that I think it was important to say it !
I'm doing it as a hedge against this supposed recession. If the stock market takes a huge shit, I'll sell my cash position and dump it in. If not, well, it's still 5%!
I was kind of like you during a large part of the 2010s. I regret it quite a lot now... I'd advise reading Even God Couldn’t Beat Dollar-Cost Averaging by Nick Maggiulli and What if You Only Invested at Market Peaks? by Ben Carlson, these contributed a lot to me changing my view.