Weekend Reading – #PuraVida and home edition
Welcome to a new Weekend Reading edition – my #PuraVida and home edition (now that vacation and travel is over…for a bit).
Here are some recent reads on my site and from Cashflows & Portfolios:
I shared what I bought inside my TFSA this year in this post – investing is one of the great things you can do with your TFSA this year.
Could you retire if the Global Financial Crisis happened, again? We break down the mix of stocks and bonds that could impact your retirement plans if you attempted this!
Thanks to Rob Carrick for mentioning one my posts in The Globe and Mail recently:
IN RETIREMENT, HOW MUCH INCOME IS ENOUGH?
An investing blogger works through the question of how much income is enough in retirement. A key step here is estimating your retirement income needs. Some good news – you’ll need less than in your working years because you won’t be saving for retirement any more.
Weekend Reading – #PuraVida and home edition
Always great to travel, but also very good to be home.
In case you missed my last Weekend Reading edition, my wife and I just returned from Costa Rica and living #PuraVida for a week – the pure / simple life.
Indeed it was.
This was our third time visiting Costa Rica, and along with going back to Belize, hopefully more trips will happen to Central America and these countries in particular in our financial future.
For the locals, Pura Vida is more than just a catch phrase. While it may be part of a pleasant “hello” from locals to tourists, it’s also an attitude and a gratitude.
Pura Vida is about living the good life…cherishing simple pleasures…and simply slowing down.
This “good life” is what Costa Rica offers. There’s a climate and location to suit every taste…you can enjoy cooler mountain towns and the lush tropical jungle or head to the warmer Pacific-coast beach towns to enjoy more lazy days by the beach.
We’ve been fortunate to visit the rainforest before in Costa Rica (we’ve visited volcanoes, did hiking, ziplining and more) so this vacation was more beach and sun – doing the aforementioned slowing down thing at our private casita at the Airbnb we booked.
Just one of our morning views from the Airbnb, in the hills above Tamarindo overlooking the ocean.
Our private plunge pool and rooftop patio above our accommodations.
Our private casita with ensuite bath and full kitcken.
As you can likely appreciate from the pictures, I feel our place was phenomenal and very much worth the trip.
I’ll keep you posted as we plan for more trips via the site, but for the near-term, it’s back to some reality and work – at least for a few more years full-time!
Weekend Reading – #PuraVida and home edition – more reading…
I still managed to get in some reading in over the holidays/vacation, and here is what caught my personal finance and investing eye for you as part of this Weekend Reading edition below.
I’ll be back to post my latest dividend income update next week (this was my last edition!) including announcing some changes to the format and approach that I hope you’ll appreciate – as readers but also for anyone who might be more curious about income planning as part of diving into semi-retirement or retirement. More to come!
Have a great weekend!
I enjoyed Ben Carlson’s take on deconstructing 10, 20 and 30-year stock market returns.
A heckuva reminder to remain investing and avoid tinkering too much with your equity portfolio for sure:
“Allow me to repeat that stat for the people in the back — the worst 30 year return over the past 100 years or so was a total gain of 850%.1″
I read that some Canadians believe they will need to save up $1.7 million to retire, up 20% in fact, from 2020, according to a study published by BMO Financial Group recently.
That’s a bundle to save…
…but let’s not forget it’s what you intend to spend in retirement that really matters.
Based on my case studies and work with clients, with that amount of money, you could very easily spend more than $6,000 per month with 3% inflation and still have a few million dollars in net worth remaining at age 95. If that’s your goal.
This Financial Post article and BMO study implies to me that Canadians either have very expensive retirement tastes and/or they don’t understand how far $1.7 million dollars invested can ever go and/or Canadians are downright fearful about their financial future – probably unnecessarily so.
If inflation has you spooked over the last few months, well, it’s not all bad here in Canada unless you take some time to look around the world – consider some comparables. With thanks to Visual Capitalist:
Dale Roberts also talked inflation and U.S. markets recently in his latest Cut The Crap Investing post.
Kudos to Kanwal and Bob on this podcast edition, bloggers and fellow investors I’ve known for years. Certainly, the tone of “balance” and “optionality” has always been very important to me and remains a cornerstone of my personal finance journey.
As a blogger and passionate DIY investor that has many U.S. readers, I enjoyed Chrissy’s updated content here related to U.S. and Canadian investing accounts.
Image and infographic above with thanks from owner: https://eatsleepbreathefi.com/us-canadian-fi-glossary/
Bertrand Russell on Growing Old:
“Psychologically there are two dangers to be guarded against in old age. One of these is undue absorption in the past. It does not do to live in memories, in regrets for the good old days, or in sadness about friends who are dead. One’s thoughts must be directed to the future, and to things about which there is something to be done. This is not always easy; one’s own past is a gradually increasing weight. It is easy to think to oneself that one’s emotions used to be more vivid than they are, and one’s mind more keen. If this is true it should be forgotten, and if it is forgotten it will probably not be true. The other thing to be avoided is clinging to youth in the hope of sucking vigour from its vitality. When your children are grown up they want to live their own lives, and if you continue to be as interested in them as you were when they were young, you are likely to become a burden to them, unless they are unusually callous. I do not mean that one should be without interest in them, but one’s interest should be contemplative and, if possible, philanthropic, but not unduly emotional. Animals become indifferent to their young as soon as their young can look after themselves, but human beings, owing to the length of infancy, find this difficult.”
Thanks for your readership and have a great weekend!