In Step 2 we reviewed how much you need to retire.  I encourage you to read this Step as its simple yet fulsome.  However, if you’d like a quick estimate: How much do you spend each year on your lifestyle?   Say you spend $5,000/month or $60,000 per year ($5,000 X 12 months).  Now deduct...

In Step 4 I discussed how finding and keeping a good manager is “all about the people”.  The other day I was driving in Toronto and noticed several signs advertising Fidelity Mutual Funds and specifically that one could invest with “Joel”, a famous portfolio manager.  I was thrilled to...

Knowing your current asset mix on an ongoing basis is important because it indicates to you your portfolio’s “risk budget” in terms of volatility. Cash and bonds have less volatility than stocks.  Therefore the more cash and bonds you have, the more conservative your portfolio is and vis...

The reason why knowing what you are pay in fees for your investment portfolio is important is because the return of your portfolio will be what you make less what you pay. The higher the fees, the lower your return. Background The investment industry is quite complex in terms of fees. The...