Financial Education/Literacy

Steve’s 2nd Quarter 2017 Portfolio Report 0

Steve’s 2nd Quarter 2017 Portfolio Report

Posted by on Jul 6, 2017 in Annual and per quarter returns, Financial Education/Literacy, Passive Investment Strategy

Hi Readers,
I am sorry that I have not been writing many blog posts. As many of you know I am still grieving the loss of my husband, co-author, companion and the kindest, insightful and funniest person ever–Dan. But the good news is that I am making progress. After 1 year and 9 months, I am beginning to enjoy this club I never planned on joining–the single club. I have nobody to be accountable for and I can do whatever I want. It still hurts sometimes, but that is to be expected. Like most of us who lost a close friend or relative, we will never forget them. And that’s good.

Life has a way of throwing both small petty stuff that interferes with our routine, and huge blows occasionally. One can never avoid the pain or the discomfort but to anticipate by thinking and planning for the future is always a good idea, whether it’s a personal loss or personal finance. Through my bereavement group participation, seeing a counselor, writing in a journal and maintain a connection with family and friends, and making new friends have helped a great deal.

Similarly, disruptions, volatility and market crashes also must be planned. Like my grieving experience, I have also sought help for modifying my portfolio. I rebalanced and took some distributions from my portfolio with the assistance of Vanguard’s inhouse Certified Financial Planner. I took out money to fund my retirement such as helping my niece and my sister financially, buying a new wardrobe, new eyewear, throwing a party for friends and relatives, making donations to Palm Springs Writer’s Guild and the Dharmachakra Buddhist Center and Gilda’s Cancer Center for their support of the bereavement group I attend, and planning on a return trip to Vietnam in 2018. The Vanguard financial planner made some excellent suggestions for rebalancing my portfolio and carefully making distributions to keep my capital gains taxes at a minimum.

Look at my portfolio and how I constructed it for low costs, diversification, stock bond split, and best of all SIMPLICITY.

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Book Review: “Your Money or Your Life” 0

Book Review: “Your Money or Your Life”

Posted by on Jun 13, 2017 in Beginning Investing, Financial Education/Literacy

I have read many books on personal finance. The majority were about the quantitive aspect: the data, graphs, statistics, market history, types of stocks and bonds, and the skills needed to construct low-cost diversified portfolios. This book finishes the job by discussing the lesser status qualitative aspect: your thinking and your emotions surrounding money. Both aspects make valid contributions for the eventual, sometimes elusive goal of financial independence, and to be happy at your job and giving back to the greater good.

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7 Ways to Assist Your Parents 0

7 Ways to Assist Your Parents

Posted by on Apr 9, 2017 in Financial Education/Literacy, Retired Couples, Retirement Planning

If you’ve got aging parents as well as children of your own to look after, you’re part of the “sandwich generation”. You may want to ensure secure future for both your parents and your kids, the stress of juggling these responsibilities can become overpowering. Retirement is becoming more expensive every day, but have your parents been investing for it?

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September 30 3rdQ, 2016 Portfolio YTD Returns 2

September 30 3rdQ, 2016 Portfolio YTD Returns

Posted by on Oct 5, 2016 in Beginning Investing, Do it yourself investors (DIY), Financial Education/Literacy, Investor, Low Cost Investors, Passive Investment Strategy, Retired Couples, Successful Wealth Building

The Stock and Bond Markets are up again in the third quarter of 2016. Read how my portfolio has returned 6.7% after nine months. It’s really not complicated because my portfolio is straightforward. It’s constructed to gain when the core asset classes increase and loses value when the market goes down.
Losing is an important part of investing process, if not the most important part. The majority of people don’t understand it because they sell when their investment declines. Never sell, unless it is part of your plan, not because of bear market conditions. Have a plan and stick with it during ups and downs.

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Steve’s Book Review: Excellent for Beginners 1

Steve’s Book Review: Excellent for Beginners

Posted by on Sep 14, 2016 in Consumer Finance, Do it yourself investors (DIY), Financial Education/Literacy, Low Cost Investors, Passive Investment Strategy

I reviewed another investment book. I tell why self-published authors connect better with investing beginners than most of the traditionally published personal finance books found in bookstores. The author follows the sage advice of portfolio construction of Jack Bogle and the investment company he founded in 1974, Vanguard Group. I highly recommend this book. It’s an easy read and gets right to the point.

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