Reader Questions – FAQs about my retirement plan

Reader Questions – FAQs about my retirement plan

I receive a number of emails every week about my approach to saving and investing.  I’ll be the first person to acknowledge my investment strategies have been far from perfect execution.  I’ve made a bunch of mistakes actually.  I’m probably making some today; do I own the right stocks?  Did I buy my stocks at the right prices?  Am I holding stocks that will eventually tank?  Should I just index invest everything?  Should I own more bonds?

I could go on and on but I’ve come to realize that while the outcomes to investing are very important, the journey is vital.  I enjoy learning about personal finance, investing and tax management and largely because of that I’ve been able to stick to a plan I believe in.  Investing is very much like keeping an exercise routine.  A little discipline every day can go a long ways.

On that theme of discipline, I feel in my late-30s I’ve finally started to get my financial act together.  When things started to turn the corner for me, I started this blog and I’ve been writing ever since.  Many of you have decided to follow along, so thanks for that.  With readership comes questions and I welcome those.  Here are some frequently asked questions about my retirement plan.

Reader questions in bold, my replies follow. 

Mark, can you tell me more about your savings approach?

We do our best to pay ourselves first.  We treat savings like bill payments every month.  Money is automatically transferred from one account to another.  It’s not as much as we’d like some months but every month, some money is transferred for investment purposes.  We figure every tiny bit counts.

What stocks do you own?

Although I need to do some research before I buy any company, the simple fact is, there are not that many established dividend paying companies to own in Canada.  An easy way to identify them – they are the top holdings of Exchange Traded Funds (ETFs) like these: XIU or VDY.

Check out this page to learn more. 

Do you ever sell these dividend paying companies?

It’s rare but it does happen. 

Are you worried you’re not that diversified?

No.  This is because I own a number of stocks in my Tax Free Savings Account (TFSA) and unregistered accounts.  I also invest in low-cost, indexed ETFs to gain even more diversification.  I’m a pretty conservative investor.

Are you investing in bonds now?

Not really, I haven’t invested in any bonds other than running my dividend reinvestment plans (DRIPs) for the ones I already own.

When do you think you’ll be able to retire?

Not sure actually since it depends on so many things.  I do know I’d like see our mortgage killed in the coming decade which should set us up for a decent semi-retirement plan!

In fact, I’d like to realize my dividend income goal within 15 years.

Thanks for your questions and I look forward to hearing from you again soon!


My name is Mark Seed - the founder, editor and owner of My Own Advisor. As my own DIY financial advisor, I'm looking to start semi-retirement soon, sooner than most. Find out how, what I did, and what you can learn to tailor your own financial independence path. Join the newsletter read by thousands each day, always FREE.

4 Responses to "Reader Questions – FAQs about my retirement plan"

  1. Love these Q&As because it’s nice to be able to get to know blog owners a bit better. I love the idea of treating savings like bill payments; mine is just the opposite – I put away whatever is left over each month. Thankfully it’s enough to build up a healthy savings account.


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