I totally fell for it. I messed up. I thought – like so many others – that I could beat Wall Street and create bigger returns through very active stock trading – including day trading. I failed and I certainly lost some money along the way. I think I fit every cliche you might find to throw at a loser trader. I was in denial for too long. I was greedy.[Read more…] about How a Generation X Stock trader messed up on Wall Street
Game on. I have been spending a lot of time reworking our investments and ended up with accounts at Vanguard and at Fidelity. I consolidated 401Ks and Rollover IRAs and also cleaned up our messy investment strategy. We have been following what I call now “Old-School Retirement Investment Advice” (OSRIA) and the results have been disappointing. More on that later.
Disclaimer: This blog post describes my investment plan. It is not considered investment advice. I am also using affiliate links in this blog post to support this website. I appreciate your support if you would buy any recommended products through these links. End Disclaimer[Read more…] about The 1-Year Experiment: Vanguard vs. Fidelity
Looking back at the last 12 months I have been traveling quite. Several trips within the United States and three trips alone to the UK with a quick add-on excursion to Germany – it adds up. While my flights have mostly to be booked using my employers travel portal, a lot of other travel expenses go through my personal credit cards and then I get reimbursed by my employer after travel. In the past I have been using the Chase United Mileage Plus credit card. United Airlines has been my go-to airline in the United States and the additional travel has helped quite a bit to bump up my mileage balance for my United Airlines miles account.[Read more…] about Optimizing my Travel with a new Credit Card
The year 2019 is off to a busy start for us. The first 3 days of work are behind us. However, the weekend we took some time to talk more about our future plans and what we need to do to properly exit the rat race. I was out for a long training run yesterday and had time to listen to listen some real estate investment related podcasts. I am currently training for a 100 mile trail endurance run and spent almost 5 hours trail running yesterday. Plenty of time to listen to podcasts. The different podcasts were very interesting and while helpful, of course they left me with more questions and the desire to find the answers.[Read more…] about Where are my boots? Getting my feet wet with real estate investing
Over the last few weeks we talked a lot about how our timeline for retirement could look like. The more I think about it, I am not really willing to work until I am 67, 65, or 62 for that matter. I want to be able to be really physically active during retirement and who knows how things look like 15 years from now. I will be 66 in 15 years.[Read more…] about How can we avoid being poor during early retirement?
Simone and I had talked about this topic before and with each time us talking about it things took a little more shape. Leaving the 9 to 5 jobs behind and potentially retire early (or at least travel and work remotely). I think we are mostly aligned about where to go from here and how to reach this lofty goal. Here is the detail:[Read more…] about And so it begins …