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We are in a position where we have money to invest every month and we are sticking to our plan. Invest in what we think are good solid companies and not try to time the market.
 

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Are you kidding or something?

Home ownership means constant payments. Constant property taxes, also constant maintenance. Replace the roof, fix the basement, fix the leaks, fix the electrical, fix the furnace, fix the HVAC, and then spend thousands of dollars renovating.

And in the case of condos, endless monthly maintenance fees, just like paying rent! Plus special assessments and extra surprise costs because the neighbours want to upgrade the balconies, or some damned thing.

Renters don't pay any of these extra costs. People dramatically underestimate how much home ownership is going to cost them, when they do these "rent vs mortgage" calculations.
James, first off, I will admit I have never kept track of what we have invested in our homes. (Interest payments, improvements, upkeep, sweat equity, etc). With that being said, living in the GTA for 30+ years, I know the sale price of our current home is substantial compared to what we paid for it.

As for renting, I haven't followed the rental market so I can't say whether all those costs mentioned above are passed along in rental rates or not.

With that being said, I can share a few things which are solely from my perspective.

Buying a home is pretty exciting as is making it a home for your family. Making your final mortgage payment is a life moment you don't soon forget. Also, owning your own home brings you some sense of security.

As much as enjoy managing my finances and creating wealth, I also want to enjoy life and work to do things that are important to my spouse. My motto has always been to manage my money instead of it manging me. Some of my decisions are financially silly, but they made me damn happy. Pick which path appeals to you and push forward. Cheers
 

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.......Of course I'm sure everyone has a well diversified portfolio including lots of bonds, so it shouldn't be a concern in any case.
Not a lot of bonds in our portfolio, but the dividends and distributions were unaffected so no concern. The pullback has been a good opportunity to deploy some spare cash. Some great dividend increases this week as well.
 

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Did you find some deals?
I am a dividend investor and and focus on those with A- or better credit rating. I have been primarily adding to existing holdings versus adding new ones. I set a minimum dollar amount threshold and then move up the threshold when there are no holdings below. (I do have a number of holdings that far exceed the minimum)
 

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........I adapt to the current circumstances and also cross check what many people with decades of success are doing now. Bonds have been falling out of favour for quite some time and especially now. I agree there is a purpose for bonds but there are much better ways to achieve that purpose today.
I am curious what your investment portfolio looks like. Would you mind sharing? Always interested and open to new ideas. Cheers.
 

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It's not a rigid allocation since the pandemic gave me more time to be active. I don't have any leverage or debt at the moment and I have stable income so I don't mind risk.

.......Rigid and narrow minded would be stubbornly sticking to something that is not rewarding you at all for your risk imo
A good income makes taking on some risk a lot easier.

I ran +90% equity (but not speculative) for decades and only now as I get within a couple years of retirement, am I going to move to 70/30 or 70/25. Probably with a mixture of cash & GIC's to start.

I would like to understand krypto. No idea where to start.
 

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OPEC increasing output would be a step in the right direction to taming inflation. It would help at the pumps and help reduce the cost to transport goods by truck, rail & airline not to mention all the other industries that are sensitive to fuel costs.
 

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My 1year return is okay, my 5 year return is phenomenal.

As the stocks were flying up like rockets, I fully anticipated and expected period of lower performance. I like to take a broader bigger picture view, and it drives me crazy how people look at stocks over such a short time period.

My hold time is DECADES, why would I care about 6 week performance? If 6wk performance mattered, I'd be in a 45day GIC.
Ahhhh. Okay. Thanks for clarifying. I was curious what your reference was.

2021 was a gimme so I would think most on this forum have a positive 1 year return. I mentioned 6 week because I peaked at about +6.5% ytd in late March, but am now now +/- break even ytd after the bump today.

I am close to retirement and more focused on the dividends and distributions for our source of income. Now in my 50s, I can only hope I have decades to spend it. Haha Thanks for responding.
 

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I think that's an important point, it really matters what your reference is, and I think most people are using the wrong reference.

FYI, since you're in your 50's, I'd build out my retirement financing plan and start moving accordingly. I don't think you should lock it all into GICs the day you enter retirement.
I worked with a guy and we talked finances a LOT.
In 2006 we talked about asset allocation and it was time for him to transition for retirement, but he held on in 2007 hoping to squeak out a little bit more. 2008 was a tough year for his equities.
He retired in 2009.... He really regretted not following his plan.

That dramatically impacted my perception/opinion of volitility and the importance of having a plan.
Our retirement plan is pretty much done. We have stopped buying more equities and we're now focused on building up a large cash reserve that will become a GIC ladder at retirement.
 

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I'd just question if over 20 years of retirement if all GIC makes sense.
I'd say for the first 5-10 years at least I'd keep some in stocks. But of course my plan isn't your plan.
We are currently ~85 percent in stocks (mostly individual stocks, but also a couple ETF's). The dividends & distributions from our equity will provide us with a comfortable retirement. We have now started keeping the dividends and distributions in cash as opposed to buying more stocks. This coupled with savings from our employment income between now and retirement and a couple large one off payments I will receive from work, should get us closer to 70/30 when we start retirement. We will use the interest from the GIC ladder for additional spending/gifting/donating.
 

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I personally don't like the FIRE movement because it's not inclusive. FIRE movement is a rich people's movement with the aim to retire early, as per the acronym. And if everybody with a high-paid specialised job which are highly in demand end up retiring early, it puts a pressure on the workforce.
I don't agree.

I know a few young couples following Fire Agile type lifestyles. In all cases, they have invested heavily in themselves so they can earn a good income, they are very selective on how they spend their money, they are non-materialistic and they have clearly defined goals.

Some will do better than me, some will be similar and some may have less. I enjoy hearing and seeing others achieve their goals. There are some great diary stories on this forum. Also, someone like @james4beach often mentions his modified semi-retirement lifestyle while still being young. It might not be a lifestyle choice for everyone, but I applaud him for chasing his goals.

I definitely don't agree with this either: "And if everybody with a high-paid specialised job which are highly in demand end up retiring early, it puts a pressure on the workforce."
 

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Ok, then why not work 4 days a week instead so you can have more free time while you are young and full of energy? It would also help your mental health and physical health. Why retire early? Why not take that extra money to have more time now?

I agree way more with people who either shift right away to fewer working hours, or work part time than with people who race for the retirement, as if life started when retirement started. Life is happening here and now, so you need more time here and now.
This is a very solid point.

Unfortunately, a lot of jobs don't allow for this flexibility. I like the idea that some companies are trying a 4 day work week and having good success with it.
 
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