Still, no reason not to increase your income if you can. Get free regular updates from "Can I Retire Yet?" . It will just get you to FI faster and/or with a bit more. – Mark, I noticed the link to fidelity’s RMD calculator is broken. Throughout the series, JL uses effective one liners and analogies to explain key concepts effectively. Warren Buffett plans ate leave 90% of his investments in a low-cost index fund. Itâs more or less the entire book on his blog. After reading parts I-VI of the âStock Seriesâ we realized that all we held were domestic stocks and bonds which could be held with an equal amount of diversification (or more) in a portfolio containing 2 funds, when we learned about default risk, interest rate risk, and inflation risk.  Understanding this will make you far more money in the long run. How I learned to stop worrying about the Fiscal Cliff and you can too. Of course there are always many who prefer to outsource this most critical task of managing ones wealth. Affiliate links do not increase your cost, and we only use them for products or services that we're familiar with and that we feel may deliver value to you. Time Machine and the future returns for stocks, Kibanda: Mr. Anti-house buys his dream house. Shilpan's Seven Habits to Live More with Less, Stocks -- Part XIX: How to think about money, Stocks â Part XVIII: Investing in a raging bull, Dining with the Ghosts of Sarah Bernhardt and Alfons Mucha, Greetings from Prague & a computer question, Swimming with Tigers, a 2nd chance on the Chautauqua, a financial article gets it wrong and I'm off to Prague, Homeless, and a bit on the strategy of dollar cost averaging, Wild Turkeys, Motorcycles, Dining Room Sets & Greed, Roots v. Wings: considering home ownership, Meet Mr. Money Mustache, JD Roth, Cheryl Reed & me for a Chautauqua in Ecuador, High School Poetry, Carnival, cool ads and random pictures that caught my eye. It’s good to know that I probably didn’t make this up. While Iâm trying to help you sort through the vast amounts of information on investing by providing specific, focused and valuable resources, I’m finding myself a bit sidetracked already. That makes sense! While I only found J.L. Stocks -- Part XIV: Deflation, the ugly escort of Depressions. As an affiliate we earn from qualifying purchases. So, I guess I’m very glad to have been offered it at TD (for fee – and I have no idea if that’s because of my total holdings there). I could swear that I saw a chart that illustrated how much fees steal from your returns over time, but now I cannot find it! Find the best current travel rewards offers here.Find the best cash back rewards offers here.Our BooksChoose FI: Your Blueprint to Financial IndependenceCan I Retire Yet: How To Make the Biggest Financial Decision of the Rest of Your LifeRetiring Sooner: How to Accelerate Your Financial Independence. Stocks — Part VII: Can everyone really retire a millionaire? He also tackles the conventional wisdom behind dollar cost averaging in. Stocks -- Part VIII: The 401K, 403b, TSP, IRA & Roth Buckets. (He had me at beer! I would like to be able to do it on my own, when I need to. His Stock Series is a ⦠I get the buy-and-hold philosophy and expected fluctuations in the market.But what do you do when you are actually ready to retire and sell some stocks but the market has tanked compared to when you started? If you have a non-traditional retirement with some continued earned income, or if you’re a real estate investor with regular rent checks coming in, or a retiree with SS benefits it may mean volatility is much less of a concern b/c any of those sources of income can provide an income floor that meets your basic needs. Happy New Year! Instead, your investment plan is part of your bigger overall plan. Because I read, listen and learn widely my journey with investing has been filled with ânoiseâ from all ⦠COVID-19: The unvarnished truth from Doc G. Mr. Bear, Podcasts, a good book and why I should be in 100% stocks. Everything is indexed. He also has many knowledgable readers whose comments add greatly to the original posts. There is also a full guest post in the series by the Mad Fientist, in, , which was instrumental in developing our saving/investing strategy of maxing out tax deferred accounts, Since originally publishing this post, JL Collins has taken the material from the “Stock Series” and compiled it into the book. It’s my understanding that it’s for industry professionals (yes, financial planners – wink – and, yes, I share your opinions of the “need” for those folks – doublewink). The combined savings from making these changes in combination with improved investment performance propelled us to financial independence. Part XVII-B: ETF vs. Mutual Fund — What’s the difference? The road to Zanzibar sometimes goes thru Ecuador... Chainsaws, Elm Trees and paying for College, Snatching Victory from the Jaws of Defeat, Top Ten reasons your future is so bright it hurts my eyes to look at it, The Most Dangerous Words Your Customer Can Say. Thanks Jim. All of this without even mentioning the biggest risk of all (weaved in throughout the series), the risk that we were holding a substantial portion of our portfolio in asset classes (bonds and cash) unlikely to get us to our goals of building wealth to achieve early retirement, all in the name of âsafety.â. They will help you rebalance once a year through their Personal Advisor Service but it takes a while to get an appointment. (And what teenager doesnât hang on their parents every word and listen to everything they say?) when he takes on a readerâs question and turns it into a full post explaining how many peopleâs fear and greed drive them to make poor investing decisions. JL Collins retired at a more ânormalâ age than Mr. Money Mustache and started his blog as a way to pass on his financial/life knowledge on to his daughter. Case Study #2: Joe -- off to a fast start! Reviewing the comments on my post of April 1st, Why I will no longer be writing this blog. If you can buy their version of the total stock market index fund, I think they have a pretty low expense ratio (if not lower than Vanguard! Andrew Waits performs his poem on wealth. Why I canât pick winning stocks, and you canât either, Stocks -- Part XXXV: Investing for Seven Generations, Annual Louis Rukeyser Memorial Market Prediction Contest, How I Lost Money in Real Estate before it was Fashionable. I’ll be sure to post a link if I come across a decent rebalancing tool. ð. Thatâs being generous: For an even longer period – 1976-2006, 30 years the odds are much worse. J.L. Thank you for this list, I am looking into compound interest and also trying to find a good retirement calculator. It recognizes that most people simply donât care about investing and personal finance, so he lays out 9 steps for a simple path to wealth. I know I could probably create a spreadsheet to do this but if there is already a program available, this would save me the hassle. jl collins stock series to take or not to take? My plan is to keep a cash buffer of 5+ years of cash in safe investments (e.g. How many mutual funds routinely rout the market? The Stock Series gets its own page September(2) Case Study #2: Joe -- off to a fast start! Can I Retire Yet? Great questions. Buyer beware. Why donât advisors tell you all of this? You have to predict both the rate of inflation and the rate of return. Hopefully it will get your attention as to why this is so important and why anyone can do it. I *think* it’s very powerful… and, amongst other data-points, it allows one to plug in future purchases (like planning for a car or home improvement) as well as other possible sources of income (like inheritance and others). The dividend amount payed over the course of the year is per stock held and not necessarily linked to the stocks overall price. The information held in the stock series is that powerful. At various points on this blog I suggest only about 20% of active managers out-perform the index. Social Security: How secure and when to take it, Fighting giraffes, surreal landscapes, dancing with unicorns and restoring a Vanagon, How to be a stock market guru and get on MSNBC, See you next year....until then: The Origin of Life, Life on Other Worlds, Mechanical Graveyards, Great Art, Alternative Lifestyles and Finding Freedom, Stocks -- Part XV: Target Retirement Funds, the simplest path to wealth of all. Or does accounting for indexes change this relationship. —you could simplify your holdings as I describe here: http://jlcollinsnh268650683.wpcomstaging.com/2014/06/10/stocks-part-xxiii-selecting-your-asset-allocation/. JL Collins is back! The book contains the information found in the stock series, organized and distilled to make it easier to read. Want To Reach FI Sooner? In addition to explaining technical concepts in clear ways, Collins does a great job at getting into behavioral aspects of investing that cause most investors to greatly underperform the market. This list is great and going to keep me busy for a while. These are companies I have personally vetted and recommend. and the taxman cometh. And the firecalc link. Is there an interior designer in the house? Have I missed it, but I don’t see the calculator for account-holders at TD Ameritrade. Now itâs up to about 33 posts but when I originally started it my vision was only for about 5 parts. All of these things demonstrate how your bigger picture effects your investment plan. I’ve been using it for some time. http://www.demos.org/data-byte/fees-cost-ideal-household, http://www.demos.org/data-byte/model-estimates-lifetime-401k-balance-fees, http://401kfee.com/how-much-are-high-fees-costing-you/, http://jlcollinsnh268650683.wpcomstaging.com/2013/06/28/stocks-part-viii-b-should-you-avoid-your-companys-401k/, http://jlcollinsnh268650683.wpcomstaging.com/2013/12/16/betterment-wants-to-give-you-25/, http://jlcollinsnh268650683.wpcomstaging.com/2014/06/10/stocks-part-xxiii-selecting-your-asset-allocation/, http://jlcollinsnh268650683.wpcomstaging.com/2012/02/08/how-to-give-like-a-billionaire/, http://www.realtor.com/mortgage/tools/rent-or-buy-calculator/?identityID=56ce4274874d2e49f701e32a&MID=_Welcome_Bob_Advice&RID=3754853022&cid=EML301717, http://jlcollinsnh268650683.wpcomstaging.com/2011/12/27/dividend-growth-investing/, https://gpi.fidelity.com/ftgw/interfaces/rmd/#/rmdform, https://web.archive.org/web/20200110071507/http://www.globalrichlist.com/wealth, Investing with Vanguard for Europeans: 2020 update. I decided to feature this series as my first resource because it is very beginner friendly. According to Vanguard, my portfolio is very well allocated. Should I sell those mutual funds and just purchase the VTSAX? Collins most excellent book then the whole “money management” industry would be looking for new work. He comes blaring out of the gates in Part I with âToughen Up Cupcakeâ to explain the importance of staying the course through market ups and downs. Jonathan and Brad speak with the one and only, JL Collins, author of âThe Simple Path to Wealthâ and the blogger at JLCollinsNH.com and The Stock Series. Post a link if I come across a decent rebalancing tool book then the “. 18,000 others and get new tips and strategies from can I spend anyway links and should you chose do. See your kind words here capital, Betterment and Republic Wireless are partners! * * these are companies I have personally vetted and recommend I still haven ’ t any! 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