As soon as I can, I’ll update you on my one year trip. I’ve decided to leave everything behind and spend real time with the people that matter the most in my life: my wife and three children. This is my story, I hope it will inspire you to create yours. You can read my previous “On the road” articles: On the road #1 On the road #2 On the road #3 On the road #4 On the road #5 On the road #6 On the road #7 On the road #8 On the road #9 On the road #10 On the …
Part IV: How to Build a Retirement Portfolio
In part III of my retirement guide, I looked at various options to generate a retirement income. I think that one of the most successful ways is to build your own pension plan through a dividend portfolio. The reason why you should do it is quite obvious; anyone with a bit of discipline can achieve a substantial dividend portfolio at retirement. You need the discipline to save and to stick to your investment strategy until the end. With these skills in hand, you can pretty much become a …
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Part III: Who Will Pay For Your Retirement?
In the second part of this retirement guide, I wrote about the million-dollar mark. Is it necessary to be a millionaire to retire? The answer is yes and no. In fact, it all depends on how our retirement income will be structured. If you rely 100% from your portfolio, chances are that you may need about a million dollar. However, if you have been able to create other sources of income over time, then, the iconic milestone is not a requirement anymore. Let’s explore your retirement options to show …
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Is the Yield on Cost Relevant?
I will not sell XYZ as my yield on cost is now 8% I’m sure you have heard (or even said) this line a few times, haven’t you? Funny enough, I’ve also used this line to justify some of my holdings. For example, I’ve considered the yield on cost for my low dividend paying stocks. The idea is to show how a 1-2% dividend yield stocks could become a 3%+ yielder in a few years. Examples of companies like Disney (DIS) which pay around 1%-1.5% yield, but provide shareholders with a strong pay raise each …
Part II: Do I Need a Million Dollars to Retire?
Do I need a million dollars to retire? I bet you’ll need more than that! In my previous article, I discussed how the concept of retirement has evolved over time. I ended my article with the small combination of factors that will influence how you will live the rest of your life. There are many myths about the magical number you’ll need to attain before you can claim to the world you can retire in peace. One of the most common is reaching the symbolic million-dollar mark to retire. Do you …
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A Friendly Guide to Retirement Part 1: What is Retirement Anyways?
During the upcoming weeks, I’ll publish articles as part of a series about retirement planning. Please let me know if you have any comments or questions about this topic. The most common reason to start investing is to build a nest egg for our retirement days. Believe it or not, the concept of retirement is relatively new. In fact, before the 1900s, I’m pretty sure retirement wasn’t even a word. Back then, as many people started working and living longer, the idea of having a few years to …
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