Thanks. Very helpful. 👍 Retiring in January. Started to clip my Canadian bank holdings to realize those profits, and adding some diversification. Also created a cash wedge by moving 2 years worth of planned retirement income into cash assets. But maybe i need to add to that wedge. Food for thought. 🤔 Cheers from western MB.
I retired at 52 and honestly, I wish I’d done it sooner. The 9-to-5 grind steals your freedom for a paycheck that barely scratches the surface. My advice? If you’re in your late 30s or early 40s, start saving for FIRE now - Financial Independence, Retire Early. And if you’re in your 50s, invest smartly and break free from relying on your job. Market trends, like the Trump Effect, have made millions for many, including me. Stay focused, stay consistent, and remember: financial freedom is within reach if you make it a priority.
For those in a 9-to-5 grind, that’s an unfortunate position to be in so retiring early or transitioning into something different makes sense. Fortunately, it’s increasing more common for people to develop careers that they both love and make a contribution to others and provide additional cash flow. The best of both worlds making a difference, using skills you’ve cultivated and Continue to build wealth to deal with contingencies and opportunities.
How does a new DIY investor (with no financial skills) find good, solid Canadian stocks & ETFs to invest in? I know there is a list of dividend Aristocrats that may be helpful but unsure of how to find solid ETF picks. Thank you for sharing your knowledge with us.
If a person didn’t have to convert their rrsp to a rif and take minimum mandated withdrawals whether they need the money that year or not that would help a lot of people
I guess you could wait. However, what happens to that plan if we got hit with a large bear market six months before the retirement date? The main reason for proactively building, the wedge is to insulate yourself from market volatility that could force you to change your plans. If you’re still within six months to your retirement, I’d begin building the wedge now.
@ Who is talking about waiting i’m talking about removing money as you need it not as mandated after age 71.Yes there might be a big bear market but at least if you don’t have to withdraw your money then you can wait it out whereas if you have withdraw it the money is gone forever.Id rather have my money sitting during a bear market than being forced to withdraw it when prices are low any day.
Technically, one option is to buy into a bear market cycle, which in general is a 20% correction in the markets. As mentioned in my video, a more consistent strategy is to set up systematic rebalancing on your. Portfolio so you’re always maintaining portfolio integrity and buying into minor dips along the way.
Would you still recommend the 2 year cash wedge if one spouse was still working and covering all daily expenses? More or less, I would like to stay 100% invested still about 6 months before she retires, then create cash wedge.
US stock market will hit all time highs in 2025. Don't let advisors scare you out of the market. Keep a certain percentage in cash and feel comfortable investing in growth for the long term
Great content!
Excellent.
Thank you! Cheers!
Thanks. Very helpful. 👍 Retiring in January. Started to clip my Canadian bank holdings to realize those profits, and adding some diversification. Also created a cash wedge by moving 2 years worth of planned retirement income into cash assets. But maybe i need to add to that wedge. Food for thought. 🤔 Cheers from western MB.
Good advice.
Glad it was helpful!
I retired at 52 and honestly, I wish I’d done it sooner. The 9-to-5 grind steals your freedom for a paycheck that barely scratches the surface. My advice? If you’re in your late 30s or early 40s, start saving for FIRE now - Financial Independence, Retire Early. And if you’re in your 50s, invest smartly and break free from relying on your job. Market trends, like the Trump Effect, have made millions for many, including me. Stay focused, stay consistent, and remember: financial freedom is within reach if you make it a priority.
For those in a 9-to-5 grind, that’s an unfortunate position to be in so retiring early or transitioning into something different makes sense. Fortunately, it’s increasing more common for people to develop careers that they both love and make a contribution to others and provide additional cash flow. The best of both worlds making a difference, using skills you’ve cultivated and Continue to build wealth to deal with contingencies and opportunities.
How does a new DIY investor (with no financial skills) find good, solid Canadian stocks & ETFs to invest in? I know there is a list of dividend Aristocrats that may be helpful but unsure of how to find solid ETF picks. Thank you for sharing your knowledge with us.
If a person didn’t have to convert their rrsp to a rif and take minimum mandated withdrawals whether they need the money that year or not that would help a lot of people
…you have to cash out some time…most of us ain’t gonna see 120 years old
I guess you could wait. However, what happens to that plan if we got hit with a large bear market six months before the retirement date? The main reason for proactively building, the wedge is to insulate yourself from market volatility that could force you to change your plans. If you’re still within six months to your retirement, I’d begin building the wedge now.
@ Who is talking about waiting i’m talking about removing money as you need it not as mandated after age 71.Yes there might be a big bear market but at least if you don’t have to withdraw your money then you can wait it out whereas if you have withdraw it the money is gone forever.Id rather have my money sitting during a bear market than being forced to withdraw it when prices are low any day.
You mention, perhaps buying when markets are down. How does one know exactly when the sale starts?
Technically, one option is to buy into a bear market cycle, which in general is a 20% correction in the markets. As mentioned in my video, a more consistent strategy is to set up systematic rebalancing on your. Portfolio so you’re always maintaining portfolio integrity and buying into minor dips along the way.
Would you still recommend the 2 year cash wedge if one spouse was still working and covering all daily expenses? More or less, I would like to stay 100% invested still about 6 months before she retires, then create cash wedge.
US stock market will hit all time highs in 2025. Don't let advisors scare you out of the market. Keep a certain percentage in cash and feel comfortable investing in growth for the long term