The idea of losing lots of money in a short period of time is probably one of the biggest fear of any investors. In fact, many of them rather wait on the sideline than suffer this “inevitable-next-market-crash”. After all, nobody wants to suffer this type of drop: When a market crashes everybody panics. Should they? Not if they have done their homework first. It is impossible to know when the market will hit a new correction and your portfolio will lose 10% within a few weeks. We all know …
Part V: I’m Retired, How do I Managed my Portfolio?
This last segment about my retirement planning series (you can read Part I, Part II, Part III and Part IV) is probably the most difficult part to discuss. Retirement is a case by case story. Nobody has the same portfolio, age, retirement plans and capacity. This is why it is so difficult to write something that will reach most of you. However, I’m giving a try today as I know the following question tickles more than one: How do I manage my portfolio at retirement? The biggest change happening …
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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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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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