Of course, nobody knows what future returns will actually be. But you do need to have some idea of how much your portfolio will increase by, either so you can add more money to get to your target during accumulation, or so you can adjust spend during drawdown. Most people…| uncountable thoughts
In 1998, aged 30, I made a what turned out to be a major decision, to start investing so that I could retire early. I had saved some money, learned some financial modelling from a few years as an actuary and had been paying into a company pension scheme. Other…| uncountable thoughts
There are four principle components that influence how much wealth you can accumulate over a working lifetime. Your ability to achieve financial independence will depend on how focused you are at managing them. In order, these factors are: Regular contribution Maximising tax shelters Temperament Investment return Inexperienced investors often assume…| uncountable thoughts
One rather obvious item which you need to understand after stopping work is how much your annual outgoings are going to be for the remainder of your life. Quite often the advice on this topic is rather flimsy, usually boiling down to estimating an annual amount needed at the start…| uncountable thoughts