I’m 56 and retired last year. Yes, I retired at 55! I too am a bit compulsive about our net worth. But our net worth is increasing! Our dividend ETF’s are growing. We are departing on the Regal Princess in 10 days! Most days we are regular frugal people. But our success in retirement is very encouraging.
I also order from Amazon but I try to spread my purchasing around If we only buy from Amazon that will be all we have I urge people to also buy and support their local small business Thanks for your interesting videos
Always remember that gains are only paper gains until you sell those stocks. I remember very well 1987, 2008-9 and March 2020 very well and those times can be very difficult to hang on and not want to bail out. Our house has gone way up in value but will always be a money pit until the day we sell. Congrats on your success and enjoy!!!
My wife is like Tina. When we first hired our financial advisor, one of things he asked us was what were some of our goals in retirement. Top of the list was travel. My wife said she had one rule, NO coach, business class only. Even with points it gets steep flying from the west coast of the US to Europe. But worth it! Go Tina!
I'm happy for you!! We just finished our first 18 months of retirement. I was a bit apprehensive and so worried about money when we decided to retire but things have worked out. We've always been frugal. We spend on travel instead of stuff we do not need.
You guys are in the ‘go go’ stage of retirement & that is the spending stage. We’re in the same stage. This stage doesn’t last and it’s okay to spend in this stage. Our video coming out Sunday talks about this very thing.
We have had a 13% increase this year and are very pleased. We’ve made several big trips and lots of road trips to favorite places. We check our net worth monthly and have been amazed.
@ I talk about you two all the time when people can’t believe we sold our home, live in an apartment, and travel “all the time”. It is the best decision ever and you are our examples! Thanks again! 🩷
Americans here, between the 2 of us, all in mutual funds, money markets, CDs. NO individual STOCKS. Surprise, surprise, we have more money each month now than while working. 😮 If we have known, we would have retired earlier. I do believe the stock market is over valued.
I so appreciate you two. I'm 58yo and starting to figure out the path ahead post-retirement (at 65 hopefully!) and just the simple act of you sharing your retirement journey is really helping me wrap my head around what's to come. It's only me. No kids and all my relatives are dead so although my savings aren't anything to brag about, I will be able to retire with some options. Thanks for everything and I will keep looking forward to each and every video release from you. Take care.
@@EvelinHolmes Your memory will be a blessing for them✨😊✨. There is so much talk about the great wealth transfer (myth or not) and they will be happy and thankful to be a part of that. All the best 😊.
bought United Airlines when it tanked during Covid.. great buy as it has grown. Also you know you are doing well when you have your bi-annual FA meeting and they are excited about your portfolio.
Awesome news. It has been great here too. Took some gains off the table last week and placed them into lower risk and high yield savings. Right now our divided fund is set to DRIP. Which rebuys more shared every quarter instead of paying us. In another year. We will turn those around and say send that money to us.
It is wonderful when money makes money. We did a net worth earlier in the year and will do so again in Dec. Doing so has given me the courage to fund some trips knowing I can afford to do so. Thanks for continuing sharing your stories. My wife and I donate to food banks and the Heiffer fund.
I check every day, not retired. I do not freak out over a $10000 to $15000 dollar swing. As long as the average is slowly climbing each month. I suspect Amazon will give a dividends in 4 to 5 years. When my S&P or Dow gets High I full it out and move it to dividend stocks to keep the gains... Cant wait for Galopogas My wife and I dream of going their. Love you both.
Good for you two! Business class is looking very appealing. I won’t do it on this next trip as I’m travelling with a friend who wants to be somewhat frugal. But soon, very soon!
Good to hear you’re doing well. We also have had a nice boost in worth due to robust market returns. Booking some travel next week! Have owned Amazon 2.5 years with 35% annualized return.
I am 68 and retired in June 2024 (6 months ago) Not wanting to worry about my investments I do the following 1. 3 years of spending in cash (MM Funds) to handle a 3 year drop in the market. 2. 30% in Dividend ETF 3. 30% in S&P 500 ETF 4, 40% in Growth ETF I do not have any individual stocks because think it is to risky for me. Since retirement and after my withdrawals I am up 9% in my investments. But remember the stock market has been doing well so almost any mix of stocks will be up. The real test is how well I will do over the next 10 to 20 years. Hopefully I will do well but the future is unknown.
@ThisIsOurRetirement I've been retired for over 4 years, and, finally, tomorrow is my wife's last day at work! We both will be retired! It means more and longer trips! And yes, eventually to Madeira! :) We are looking to extend our stay in Algarve, and we noticed that closer to the winter accommodation costs went up and choices are more limited. Summer is a better time for planning winter trips!
We started full-time traveling over 4 years ago with $750K in our nest egg. (And we also give 8-10K a year to causes dear to our heart). This morning’s net work is $734K. We’re headed to Lima on Dec 7. Enjoy South America! (And guinea pig-aka cui-is delicious. A lot like tender pork!)
@@ThisIsOurRetirement It's hard to have a bad time in Hawaii. Maui is a fav & Kauai is sooo pretty. You'll feel like you died & went to heaven! We were able to take our 3 son's to Kauai & have such special memories. Enjoy!
I have been retired 10 years and our net worth is almost 50% higher than when I retired. The market has been amazing, but it is, of course, way overvalued based on any historical marker. I have been gradually moving more toward T Bills and Berkshire, which itself has moved into a greater cash position. That said, I am not worried about ever running out of money. At 78, I'm more concerned with running out of time.
Good for you donating to charity. I feel the same way - if you are fortunate, try to give to a favourite charity or two. Thanks for reminding me to take stock of our net worth. I feel more inclined to book another trip now! By the way, friends of ours returned from Malta, and I will be seeing them next week. Can't wait to hear about it.
Target TGT, normally regarded as a good safe dividend stock just got smashed down 20%, could be a good value buy at the moment. Also, if you own 100 shares of any stock you can sell 1 call option against it to generate more income than just dividends, it’s not very difficult to do and, as long as you set the strike price higher than the current stock price, you will not lose compared to the current value of the stock. Apart from that, the best way to track financial health is not entire net worth. Just track liquid asset worth, cash, stocks, anything that can be converted immediately to cash. Track that position every month and chart it. It will reveal if your finances are trending up or down and inform to adjust spending habits accordingly. Many follow the 4% drawdown rule, but to be more conservative it should be aimed that liquid asset wealth trends up by at least inflation. This will ensure you never run out of money, but more crucially, never run out of value.
Congratulations guys! Good for you. So nice that your net worth went up even though you've been spending. Especially on those expensive airline tickets haha Thanks again!
Thanks Patty but you know those airline tickets were worth every penny especially as our flight was cancelled and we got to stay in a lounge longer in Toronto till our new flight ✈️🙂🍷
I think at age 65. I’m going to treat myself to first class and business trips from here on out. I have a bad back and the seat is a big plus when it can recline all the way.
Wish that similar rental opportunities were (still) available now, as what you have secured: a manageable monthly rental with annual cap on increase (helpful for budget forecasting), and no threat of eviction - esp. important as one gets older. We would sell our place and put the freed-up equity into investments to generate income, but for us, renting would far exceed our monthly carrying costs (mortgage is paid off). Galapagos - yay!
@@ThisIsOurRetirement I’m reminded of an old story. Just prior to the Great Depression many people were making money in all kinds of investments. When the elevator operator started giving the investment guys stock tips they knew it was all about to come crashing down.
I was thinking and then surprised when they mentioned Warren Buffett. I'm watching him take Berkshire Hathaway from close to completely in stock to 55% cash/45% stock. He says the market is overpriced to where there's nothing to buy and too high to hold what you have. At a 28.1 P/E ratio I'd say Kraft Heinz is overpriced too even though Buffett is still holding. I've moved similarly to Warren Buffet. I expected a downturn and put off my yearly Roth conversions. I see my gain or losses at the click of a button and see I'm up 18.23% YTD even though I'm 44% in cash. I'm thinking to do a smaller Roth conversion this year, about $50,000 and more when stocks fall. I've learned to pay attention to that old adage, you don't make any money or lose any money until you sell. I worked at GE and I watched my GE stock go from $5.69 on 12/14/1984 to $263.48 on 8/4/2000 to $29.68 on 9/11/2020 to $178.70 today. I left the company in 2000, most of the stock I bought when it was well under $100 and there were good dividends along the way so I've done OK but, it's been a roller coaster. Fortunately I used GE as my large cap and invested mostly in small caps.
Great news on your net worth! We just spend on basic living expenses so our net worth has been growing since we retired 18 months ago because of good stock market and money market returns. Maybe we will catch the travel bug next year. Regarding checking on our net worth, I look at it occasionally because it's easy with Boldin software which is linked to all of our accounts. I like to live dangerously but it sure is convenient.
That is awesome! the travel bug can come and go when we first retired we wanted to go everywhere and did 😂Covid came and now we we are looking for different travel ideas Cheers 🍻🙂🍷
Why did you not buy into a residential cruise line like Villa Vie Odyssey? Where you purchase a room for many years and have a monthly cost for everything else?
Personally speaking that is the last thing we would ever do , cannot imagine giving up everything and living in an inside cabin on a ship as many of them have done . The novelty of cruising can wear off really fast 🚢🙂
So glad your portfolio is doing so well! Just remember, though, is these good years are here to offset the bad! If we get a downturn, which might happen, we even out to a positive return, long term.
Hi Norm and Tina: Same story here. It’s like getting free vacations to Finland and Jamaica. Enjoy the ride. Let’s hope geopolitical events don’t ruin it. How do like investing with Questrade? What does it cost making trades? Sounds like a trip of a lifetime coming up. Please don’t eat the Guinea pigs. Cheers. P & H
Congrats on your good returns. I am scared to look at mine (am guessing down by 20% as my oils have recently dropped, but my Royal Bank is up) (will just have to wait a while, that's all). And real estate is steady. Thank goodness the market did not crash like "experts" predicted this last 16 months; instead quite a few stocks did the opposite and went up! This year all expenses are much higher. Cheers to all.
There may be dissatisfaction with Trudeau, but the country is surviving despite problems. Government spending seems to keep much of the nation afloat, for now.
@ThisIsOurRetirement Thanks. I'll be retiring in spring 2026 and will start investing some of my money in blue chip dividend stocks. Thanks for these great videos, as they are helping me tremendously as I inch towards retirement. 👍🙏
@@ThisIsOurRetirement I have been looking at Galapagos with Exotica...but the one with Peru and Machu Pichu included. I haven't booked yet though. I look forward to hearing your review.
Please research GiveWise and make a video about it if you think it worthy. You contribute to this charity and gets an immediate tax receipt. Then in the future, you can designate which specific charities you want your contribution to go to. It’s great if you want a charitable receipt now to lower your taxes, but aren’t sure which charity to gift it to. I think the US has a similar plan.
Hello, we have been following your adventures for some time now. We really enjoy your travels as well as your financial strategies. Would you consider making an episode on how to get started with managing your own investments. We live comfortably in retirement and have benefited from investing through our bank. We would however be interested in managing our own investments.
It sounds like you have non-reg invested in GICs and you do have equities in your RRSP, as stated . Make sure you pay attention to your tax efficiency. Safe investments, fixed income, gics etc. Should be held in your RRSP. Cdn dividend, growth stocks in Non-reg and your TO THE MOON investments inside your TFSA. The easiest way to grow your money is taxation, not stock picking. Everything comes out of your RRSP as a taxable dollar, therefore it makes sense to have your least tax efficient investments in your RRSP/RIF. Otherwise, I like your thinking. It has been a good year. Average annual returns are normally much lower than we experienced this year. There is a reason the average is lower. Beware 😅
You might want your stocks to D.R.I.P. which is Dividend Re Investment Program. Instead of paying you cash and you buying more stock you are paid in more stock. The price averaging is also a benefit being paid this way. Not all companies or brokers offer this but most do.
You’re both doing so well wish you lots of continued success with your investments 🎉 we retired this year and have just started investing albeit very small amounts until I get the hang of it ! 😂
We're probably pretty close to where you guys landed. I don't have last year's data handy, but we're up 17.1% for 2024 YTD. We just retired about eleven months ago (at 54 and 51) We had a severance package through the end of this year, with healthcare, so 2025 will be our first year living on our wits and our plan! We've got a young teenager still at home, and while we're itching to try the full-time travel life-style we'll probably do all our big travels on his summer breaks for the next few years. Congrats on your great returns! Sounds like your plan is clicking right along! The Galapagos and the Amazon sound amazing. We'll be watching to see how your trip goes. Sounds like it could be a great experience for our youngest.
Thanks for watching and sharing your thoughts, the Galapagos would be interesting for you and your family to visit, we are really looking forward to it.
I bought some stocks this morning just for FUN~KO $63.79 usd/ KHC $31.42 usd/ ZWU ETF $11.16 cad~ pretty secure investments! High dividends too. Thank Norm for your research! (I expect the Cdn dollar to take a hit in 2025 so its good to have some secure investment in the USA market as I fully expect the USA do much better than the Canadian dollar)
We are so looking forward to it, our friends just returned from the same trip we have booked and loved it. Glad you have been able to experience these countries.
KHC has been in the penalty box for years, please take a look at the 10 year chart, and their payout ratio is over 100%. I am unsure if the dividend is safe.
@@Northern_Squirrel understood but there’s $2.5B in leveraged free cash flow this year which easily covers the dividend in the short-term. PEG ratio is .82, which is cheap and future P/E ratio next year is about 8. Very cheap stock. I think the turn around may take a bit longer than 1 year but earnings are expected to go up quite a bit next year. I know they cut the dividend in years past but don’t expect that will occur again soon. Think it’s a pretty good play at current price of $31.
Unless Canada is different - any cash you have in a brokerage trading account, should be earning at least 4% interest. If you are not, maybe call the company and ask if there's a money market account you can use for cash.
The wind took the power out for the last 2 days! I fed FIVE gallons of gas to a generator ! Now wondering if the generator was a good investment!!! CHEERS from HERE!
It sounds like you are doing very well indeed. Maybe three cruises next year. I know how you feel. We live on about 1/3 of our base income. We live well, do whatever we want and don't scrimp. We save what we don't spend. My stock portfolio is up about 50% this year, but I have no desire to put any more money into the market. My real estate holdings are way up too. Overall we are up around 40%. I suppose that is OK, but we are at the age where we should be drawing our resources down. Our problem is that we don't have anything we want to spend money on.
This is something Todd so many of our viewers say , that we have all been saving for so many years now we are in a position to spend we freeze and don’t know what to spend on . We are trying to change that for us and others , we are about to do another video that will address just this hope it might help you too Cheers 🍻🙂🍷
I strongly suggest that you keep private about all these sources of your income. The government and crazy people are just looking for incentive reasons to remove from you your money. That being said congratulations and I do look forward to these videos Thank you.
Well done you two. 👍Keep going along as you're going. You're playing a blinder!!! I'm about to seek investment advice on an inheritance. Serious business. 😮Fingers crossed 🤞for a good income from it.🙏 Congratulations on your wise financial accomplishments!!! 👏🇨🇦🇨🇦😊😊 Galapagos eh? Brilliant stuff. Friend of mine went a few years back....still raves about it. Great to have something exciting to look forward to as well. 😊
Thank you so much. The responsibility of investing wisely is weighing heavily but it's also exciting too! Am sure it'll be grand. Stay safe and well both. 😊😊@@ThisIsOurRetirement
Thank you for watching, we have a play list of more videos on this financial topic th-cam.com/play/PLwerz80Ddyn2Ls0cq_xtzR6MvGrwCMat1.html
I’m 56 and retired last year. Yes, I retired at 55! I too am a bit compulsive about our net worth. But our net worth is increasing! Our dividend ETF’s are growing. We are departing on the Regal Princess in 10 days! Most days we are regular frugal people. But our success in retirement is very encouraging.
Sounds great have a wonderful cruise 🚢 Cheers 🍷🚢🍻
Up 18% is wonderful! Take some profit because "what goes up can come down".
Very true we just took some profit, so now those stocks are free Cheers 🙂🍻🥂
I’m 46, been doing a net worth statement twice a year for almost 10 yrs now. I enjoy it, it’s like a financial report card
It’s wonderful isn’t it Cheers 🍻🙂
I also order from Amazon but I try to spread my purchasing around
If we only buy from Amazon that will be all we have
I urge people to also buy and support their local small business
Thanks for your interesting videos
Yes there are limits to what we will buy from Amazon
Always remember that gains are only paper gains until you sell those stocks. I remember very well 1987, 2008-9 and March 2020 very well and those times can be very difficult to hang on and not want to bail out. Our house has gone way up in value but will always be a money pit until the day we sell. Congrats on your success and enjoy!!!
Yes we remember when out house was a money pit 😂😂🍻🙂
My wife is like Tina. When we first hired our financial advisor, one of things he asked us was what were some of our goals in retirement. Top of the list was travel. My wife said she had one rule, NO coach, business class only. Even with points it gets steep flying from the west coast of the US to Europe. But worth it! Go Tina!
Thanks
I'm happy for you!! We just finished our first 18 months of retirement. I was a bit apprehensive and so worried about money when we decided to retire but things have worked out. We've always been frugal. We spend on travel instead of stuff we do not need.
Yes we don’t buy much stuff, like you experiences are so valuable and rewarding. We wish many more travels!
Thank you for your positivity. I find your energy uplifting. I appreciate your candour about your finances, to help others in planning.
That is very kind of you to say this, thank you!
You guys are in the ‘go go’ stage of retirement & that is the spending stage. We’re in the same stage. This stage doesn’t last and it’s okay to spend in this stage. Our video coming out Sunday talks about this very thing.
Thanks for sharing
We have had a 13% increase this year and are very pleased. We’ve made several big trips and lots of road trips to favorite places. We check our net worth monthly and have been amazed.
Great to hear! isnt it a wonderful feeling Patsy Cheers 🍷🙂
@ I talk about you two all the time when people can’t believe we sold our home, live in an apartment, and travel “all the time”. It is the best decision ever and you are our examples! Thanks again! 🩷
Americans here, between the 2 of us, all in mutual funds, money markets, CDs. NO individual STOCKS.
Surprise, surprise, we have more money each month now than while working. 😮
If we have known, we would have retired earlier.
I do believe the stock market is over valued.
That is wonderful to hear we are very happy for you , that is how we feel too Cheers 🇺🇸🍻🇨🇦
I so appreciate you two. I'm 58yo and starting to figure out the path ahead post-retirement (at 65 hopefully!) and just the simple act of you sharing your retirement journey is really helping me wrap my head around what's to come. It's only me. No kids and all my relatives are dead so although my savings aren't anything to brag about, I will be able to retire with some options. Thanks for everything and I will keep looking forward to each and every video release from you. Take care.
Thanks for watching we wish you well Cheers 🍻🙂
Are you taking applications for adoptees?
Not at the moment 🇺🇸😂🇨🇦
My charity is going to my kids and grandchildren . Unforgently not a tax write off.
@@EvelinHolmes Your memory will be a blessing for them✨😊✨. There is so much talk about the great wealth transfer (myth or not) and they will be happy and thankful to be a part of that. All the best 😊.
2 million and growing. Amen 🙏 Heading for the Mediterranean this summer ☀️.
Sounds awesome 👏
bought United Airlines when it tanked during Covid.. great buy as it has grown. Also you know you are doing well when you have your bi-annual FA meeting and they are excited about your portfolio.
Please for you!
I do this constantly using a spreadsheet, not only twice a year.
It’s peace of mind
Awesome news. It has been great here too. Took some gains off the table last week and placed them into lower risk and high yield savings. Right now our divided fund is set to DRIP. Which rebuys more shared every quarter instead of paying us. In another year. We will turn those around and say send that money to us.
Great ideas!
It is wonderful when money makes money. We did a net worth earlier in the year and will do so again in Dec. Doing so has given me the courage to fund some trips knowing I can afford to do so. Thanks for continuing sharing your stories. My wife and I donate to food banks and the Heiffer fund.
Wonderful thanks for watching 🍻🙂🍷
I check every day, not retired. I do not freak out over a $10000 to $15000 dollar swing. As long as the average is slowly climbing each month. I suspect Amazon will give a dividends in 4 to 5 years. When my S&P or Dow gets High I full it out and move it to dividend stocks to keep the gains... Cant wait for Galopogas My wife and I dream of going their. Love you both.
Sound great thanks for watching Cheers 🍻🙂🍷
Good for you two! Business class is looking very appealing. I won’t do it on this next trip as I’m travelling with a friend who wants to be somewhat frugal. But soon, very soon!
We do hope you get to enjoy it one day Carol it is such a wonderful experience sure you can’t convince your friend 😂😂🍷
Let the friend enjoy their frugality in coach! You should travel business class if you can.
Good to hear you’re doing well. We also have had a nice boost in worth due to robust market returns. Booking some travel next week! Have owned Amazon 2.5 years with 35% annualized return.
Amazon is doing well and the outlook on the stock seems very positive.
I am 68 and retired in June 2024 (6 months ago)
Not wanting to worry about my investments I do the following
1. 3 years of spending in cash (MM Funds) to handle a 3 year drop in the market.
2. 30% in Dividend ETF
3. 30% in S&P 500 ETF
4, 40% in Growth ETF
I do not have any individual stocks because think it is to risky for me.
Since retirement and after my withdrawals I am up 9% in my investments.
But remember the stock market has been doing well so almost any mix of stocks will be up.
The real test is how well I will do over the next 10 to 20 years.
Hopefully I will do well but the future is unknown.
We wish you well for your future finances, great that you have thought out and created a plan.
Who did you donate to, what charities? Thank you for sharing your overall strategy, something to think about...
We give to local Canadian charities with low management expenses
Great to hear that your net worth is going up! It means more travel! 😊
Definitely! it’s a great feeling although finding looking at Funchal Madeira over Winter harder than we thought Cheers 🍻🙂🍷
@ThisIsOurRetirement I've been retired for over 4 years, and, finally, tomorrow is my wife's last day at work! We both will be retired! It means more and longer trips! And yes, eventually to Madeira! :) We are looking to extend our stay in Algarve, and we noticed that closer to the winter accommodation costs went up and choices are more limited. Summer is a better time for planning winter trips!
Congratulations 🥳🥂that’s wonderful that you will be both retired lots of options for your future Cheers 🇺🇸🍻🙂🍷🇨🇦
Thanks for your candor -- the possibilities you describe are quite inspiring.
Thank you 🙂
You two are great - love your channel- thank you for sharing!😊
Our pleasure! thanks for watching Robin 🍷🙂🍻
We started full-time traveling over 4 years ago with $750K in our nest egg. (And we also give 8-10K a year to causes dear to our heart). This morning’s net work is $734K. We’re headed to Lima on Dec 7. Enjoy South America! (And guinea pig-aka cui-is delicious. A lot like tender pork!)
Have a great trip to Peru and thank you for “giving”, we thought you were going to say tastes like chicken 😂😂
the wonder of compound interest
Absolutely 🙂
Cheers for you all! Thanks for sharing all the tips and info re: retirement!
Our pleasure Colleen
Hi guys, you’re doing such a great job. How do you figure out how much to donate to charities so you know you can benefit for taxes
We just give what we feel is right
Great job with your investments. Have you considered to move more funds to ETF as opposite to picking individual stocks for better diversification?
No we haven’t because all those funds are at the top of their price range Cheers 🍻🙂
Glad to hear you are doing so well. I can't wait to hear the future plans for travel, specially the upcoming winter.
Working on that ! we do have a cruise to Hawaii already booked in January a place we have always wanted to visit 🍻🚢🍷
@@ThisIsOurRetirement It's hard to have a bad time in Hawaii. Maui is a fav & Kauai is sooo pretty. You'll feel like you died & went to heaven! We were able to take our 3 son's to Kauai & have such special memories. Enjoy!
Thank you for sharing your information. I have been watching your videos for years and have been so inspired by you both.
Thanks so much!
I have been retired 10 years and our net worth is almost 50% higher than when I retired. The market has been amazing, but it is, of course, way overvalued based on any historical marker. I have been gradually moving more toward T Bills and Berkshire, which itself has moved into a greater cash position. That said, I am not worried about ever running out of money. At 78, I'm more concerned with running out of time.
We agree as we approach 70 that time is more important
Great to see you are doing good! Always a treat to watch your videos and learn. Looking to retire in few years too. All the best!
Thanks for watching we appreciate it Cheers 🍷🙂🍻
I was expecting a spreadsheet and tips on how to track your net worth. What tools are you using?
We are definitely old school, paper and pencil no spreadsheets, just record the totals from all accounts on the same day.
Great job guys❤ so inspiring ❤❤❤
Thanks so much!
Good for you donating to charity. I feel the same way - if you are fortunate, try to give to a favourite charity or two. Thanks for reminding me to take stock of our net worth. I feel more inclined to book another trip now! By the way, friends of ours returned from Malta, and I will be seeing them next week. Can't wait to hear about it.
Malta keeps coming up as a place we should visit it is on the list would like to know how your friends got on Jo 🍷🙂
Target TGT, normally regarded as a good safe dividend stock just got smashed down 20%, could be a good value buy at the moment. Also, if you own 100 shares of any stock you can sell 1 call option against it to generate more income than just dividends, it’s not very difficult to do and, as long as you set the strike price higher than the current stock price, you will not lose compared to the current value of the stock. Apart from that, the best way to track financial health is not entire net worth. Just track liquid asset worth, cash, stocks, anything that can be converted immediately to cash. Track that position every month and chart it. It will reveal if your finances are trending up or down and inform to adjust spending habits accordingly. Many follow the 4% drawdown rule, but to be more conservative it should be aimed that liquid asset wealth trends up by at least inflation. This will ensure you never run out of money, but more crucially, never run out of value.
We don’t own real estate and only have two fixed assets, car and trailer. So we are pretty much all liquid.
Congratulations guys! Good for you. So nice that your net worth went up even though you've been spending. Especially on those expensive airline tickets haha Thanks again!
Thanks Patty but you know those airline tickets were worth every penny especially as our flight was cancelled and we got to stay in a lounge longer in Toronto till our new flight ✈️🙂🍷
I think at age 65. I’m going to treat myself to first class and business trips from here on out. I have a bad back and the seat is a big plus when it can recline all the way.
We have a rate of return of 22.8%, wow 👍 doing 2 cruises in 2025, looking forward to it.
Awesome 👏🚢
You'll love the Amazon and Galapagos. I was there in 2015 and it remains one of my favorite trips.
That’s great to hear our friends loved it said it was one of the best trips they have done 🙂🍷👍
Do you also buy bonds or just stocks and GICs?
Just stocks and GIC’s bonds haven’t been competitive so far
This was a great year for investments indeed : ) I think I'm up 70% let's hope it keeps going : )
Wow congratulations
Wish that similar rental opportunities were (still) available now, as what you have secured: a manageable monthly rental with annual cap on increase (helpful for budget forecasting), and no threat of eviction - esp. important as one gets older. We would sell our place and put the freed-up equity into investments to generate income, but for us, renting would far exceed our monthly carrying costs (mortgage is paid off). Galapagos - yay!
There are still many rentals with rent control in Canada 🇨🇦, we too had a morgage free home before yes excited about our trip🙂🍷
ENW is just as important ! EXPERIENCE net worth 😊
This is the kind of thing you hear when there is about to be a crash.
Les hope not 🤔
@@ThisIsOurRetirement I’m reminded of an old story. Just prior to the Great Depression many people were making money in all kinds of investments. When the elevator operator started giving the investment guys stock tips they knew it was all about to come crashing down.
I was thinking and then surprised when they mentioned Warren Buffett. I'm watching him take Berkshire Hathaway from close to completely in stock to 55% cash/45% stock. He says the market is overpriced to where there's nothing to buy and too high to hold what you have. At a 28.1 P/E ratio I'd say Kraft Heinz is overpriced too even though Buffett is still holding.
I've moved similarly to Warren Buffet. I expected a downturn and put off my yearly Roth conversions. I see my gain or losses at the click of a button and see I'm up 18.23% YTD even though I'm 44% in cash. I'm thinking to do a smaller Roth conversion this year, about $50,000 and more when stocks fall. I've learned to pay attention to that old adage, you don't make any money or lose any money until you sell. I worked at GE and I watched my GE stock go from $5.69 on 12/14/1984 to $263.48 on 8/4/2000 to $29.68 on 9/11/2020 to $178.70 today. I left the company in 2000, most of the stock I bought when it was well under $100 and there were good dividends along the way so I've done OK but, it's been a roller coaster. Fortunately I used GE as my large cap and invested mostly in small caps.
Not likely imminent
Are these single stocks that you’re buying?
Yes, although there are many funds available to make it easier and less risky.
Love your vlogs folks, but love them even more having seen Norms rugby top 🏴
Thanks Dominic 🏴
Which platform are you using for your dividend investments? Awesome job on your returns!!
We just use two brokerages and their platforms.
Life is short Tina and Norm, enjoy your trips. Just curios, why wouldn’t you consider dividend etf (SCHD, VYM) vs high yielding stocks in your RRSP?
Because U.S. dividends pay tax free (no USA withholding taxes), and we haven’t paid into an RRSP for a long time, we contribute to max out TFSA’s
Great news on your net worth! We just spend on basic living expenses so our net worth has been growing since we retired 18 months ago because of good stock market and money market returns. Maybe we will catch the travel bug next year. Regarding checking on our net worth, I look at it occasionally because it's easy with Boldin software which is linked to all of our accounts. I like to live dangerously but it sure is convenient.
That is awesome! the travel bug can come and go when we first retired we wanted to go everywhere and did 😂Covid came and now we we are looking for different travel ideas Cheers 🍻🙂🍷
Why did you not buy into a residential cruise line like Villa Vie Odyssey? Where you purchase a room for many years and have a monthly cost for everything else?
Personally speaking that is the last thing we would ever do , cannot imagine giving up everything and living in an inside cabin on a ship as many of them have done . The novelty of cruising can wear off really fast 🚢🙂
So glad your portfolio is doing so well! Just remember, though, is these good years are here to offset the bad! If we get a downturn, which might happen, we even out to a positive return, long term.
It’s important to keep an eye on the news and your investments.
Deft use of "shocked". Bravo!
This is TH-cam ❤️
I am amazed that you are able to get the UK pension. That’s great for you guys.
We worked 20 years in the UK and paid into it.
Hi Norm and Tina: Same story here. It’s like getting free vacations to Finland and Jamaica. Enjoy the ride. Let’s hope geopolitical events don’t ruin it. How do like investing with Questrade? What does it cost making trades? Sounds like a trip of a lifetime coming up. Please don’t eat the Guinea pigs. Cheers. P & H
Isn’t it wonderful Paul trips are so much better when they are free 😂🍷🍻Norm is very happy with Questrade Cheers 🍻🙂
Congrats on your good returns. I am scared to look at mine (am guessing down by 20% as my oils have recently dropped, but my Royal Bank is up) (will just have to wait a while, that's all). And real estate is steady.
Thank goodness the market did not crash like "experts" predicted this last 16 months; instead quite a few stocks did the opposite and went up! This year all expenses are much higher. Cheers to all.
Fingers crossed for you 😂😂🤞
love the shirt
Thank you 🍻🙂
I’ve been wanting to go to the Galapagos. Do you mid sharing which company you’re going with and how long? Thanks!
It’s with Exotica Canada 🇨🇦 11-12 days 🙂
We’re having a great year too. Was concerned about Canadians based on news reports
We are doing just fine thank you 🙂🍷🇨🇦🍻
There may be dissatisfaction with Trudeau, but the country is surviving despite problems. Government spending seems to keep much of the nation afloat, for now.
@ I enjoyed traveling there for work in ‘00’s. Fine people and natural resources
Do you guys do your investing through the major banks or other investment companies like Questrade?
One through BMO and one discount brokerage
@ThisIsOurRetirement Thanks. I'll be retiring in spring 2026 and will start investing some of my money in blue chip dividend stocks. Thanks for these great videos, as they are helping me tremendously as I inch towards retirement. 👍🙏
Love your scarf!
Thank you 🌺🙂
Love your Scotland top Norm! X
Land of my birth 🏴
Great video. Keep up the great job and congratulations on your returns. Can you let me know who you are booking your Galapagos trip with. Thanks 🇨🇦
Thank you it is with Exotica Canada 🇨🇦 can’t wait ! Karen Cheers 🍷🙂
@@ThisIsOurRetirement I have been looking at Galapagos with Exotica...but the one with Peru and Machu Pichu included. I haven't booked yet though. I look forward to hearing your review.
They have some amazing trips it’s a while till we go , the reviews on their trips seem awesome we wish you well with yours sounds interesting 🍷🙂🍻
It's good to think about our money.
Please research GiveWise and make a video about it if you think it worthy.
You contribute to this charity and gets an immediate tax receipt. Then in the future, you can designate which specific charities you want your contribution to go to. It’s great if you want a charitable receipt now to lower your taxes, but aren’t sure which charity to gift it to. I think the US has a similar plan.
Thanks for sharing we will take a look at them Cheers 🍷🙂🍻
love your shirt norman,great wee country
It is indeed Stewart 🏴
If you can still travel all over the world, you're doing ok.
Thanks Roman, we saved for this!
Hello, we have been following your adventures for some time now. We really enjoy your travels as well as your financial strategies. Would you consider making an episode on how to get started with managing your own investments. We live comfortably in retirement and have benefited from investing through our bank. We would however be interested in managing our own investments.
We have done videos in the past talking about this but maybe we will do another Cheers 🍻🙂
@@ThisIsOurRetirement Thank you, I’ll try to find them.
It sounds like you have non-reg invested in GICs and you do have equities in your RRSP, as stated .
Make sure you pay attention to your tax efficiency. Safe investments, fixed income, gics etc. Should be held in your RRSP. Cdn dividend, growth stocks in Non-reg and your TO THE MOON investments inside your TFSA. The easiest way to grow your money is taxation, not stock picking.
Everything comes out of your RRSP as a taxable dollar, therefore it makes sense to have your least tax efficient investments in your RRSP/RIF.
Otherwise, I like your thinking. It has been a good year. Average annual returns are normally much lower than we experienced this year. There is a reason the average is lower. Beware 😅
We are maxed out on tax free investments
You might want your stocks to D.R.I.P. which is Dividend Re Investment Program. Instead of paying you cash and you buying more stock you are paid in more stock. The price averaging is also a benefit being paid this way. Not all companies or brokers offer this but most do.
Thanks for the tip 🍻🙂
Hi Tina and Norm! We can hardly wait to travel and be free birds like you two! Do you earn a decent income from your TH-cam channel?
We have never seen TH-cam as an income opportunity, we are here to record memories.
You’re both doing so well wish you lots of continued success with your investments 🎉 we retired this year and have just started investing albeit very small amounts until I get the hang of it ! 😂
Good luck 🍀🤞
We're probably pretty close to where you guys landed. I don't have last year's data handy, but we're up 17.1% for 2024 YTD. We just retired about eleven months ago (at 54 and 51) We had a severance package through the end of this year, with healthcare, so 2025 will be our first year living on our wits and our plan! We've got a young teenager still at home, and while we're itching to try the full-time travel life-style we'll probably do all our big travels on his summer breaks for the next few years. Congrats on your great returns! Sounds like your plan is clicking right along! The Galapagos and the Amazon sound amazing. We'll be watching to see how your trip goes. Sounds like it could be a great experience for our youngest.
Thanks for watching and sharing your thoughts, the Galapagos would be interesting for you and your family to visit, we are really looking forward to it.
I bought some stocks this morning just for FUN~KO $63.79 usd/ KHC $31.42 usd/ ZWU ETF $11.16 cad~ pretty secure investments! High dividends too. Thank Norm for your research! (I expect the Cdn dollar to take a hit in 2025 so its good to have some secure investment in the USA market as I fully expect the USA do much better than the Canadian dollar)
Sounds great 🍻🙂
:)
I am 67 and have not taken cpp and oas
Very wise!
I’ve been to Peru and Ecuador loved it especially Cuzco and Machu Picchu and yes I ate the Guinea pig 😂
We are so looking forward to it, our friends just returned from the same trip we have booked and loved it. Glad you have been able to experience these countries.
fast stock gains. It's wonderful, let's call it the Roaring Twenties. they only go up, right?
We will providing we don’t have to dance like the twenties 😂😂🕺🏻💃
Shopify head quartered in Canada is one of the best e commerce companies in the world!!
The recent Forbes best employers survey ranked them at number 56
Yes we are aware of them 🍻🙂
I like your call on Kraft Heinz. They’re currently down and will take 1-2 hears to turn around but think it’s paying a 4+% dividend.
Cheers 🇺🇸🍻🇨🇦
KHC has been in the penalty box for years, please take a look at the 10 year chart, and their payout ratio is over 100%. I am unsure if the dividend is safe.
@@Northern_Squirrel understood but there’s $2.5B in leveraged free cash flow this year which easily covers the dividend in the short-term. PEG ratio is .82, which is cheap and future P/E ratio next year is about 8. Very cheap stock. I think the turn around may take a bit longer than 1 year but earnings are expected to go up quite a bit next year. I know they cut the dividend in years past but don’t expect that will occur again soon. Think it’s a pretty good play at current price of $31.
We agree and will keep an eye news about the
They have sold assets too and they have valuable brand names. Dividends are always a concern above 4% but we felt it was worth a shot, time will tell.
Unless Canada is different - any cash you have in a brokerage trading account, should be earning at least 4% interest. If you are not, maybe call the company and ask if there's a money market account you can use for cash.
Thank you 🍻🙂
We manage the goose (net worth) and the golden eggs (our spending).
That’s great we do too 🍷🙂🍻
It’s a beautiful thing when those golden eggs just keep coming. It makes you realize how fortunate we all are.
Congratulations you are doing great, with is the capital gains tax on shares in Canada.
We have our dividends reinvested.
Good plan!
Markets been going well for years, staying in the market you will do well. Wait for the crash
Take profits periodically
The wind took the power out for the last 2 days! I fed FIVE gallons of gas to a generator ! Now wondering if the generator was a good investment!!! CHEERS from HERE!
So sorry to hear that Darryl absolutely it was a great investment hope things are getting better Cheers 🍻🙂
You probably, up until recently, received winter fuel payments from the UK gov. Just like the people who've retired to southern Spain 🙂
Absolutely not !! we have never had anything other than our UK 🇬🇧 pensions , which we get as we worked half our working lives there 🇨🇦🍻🇬🇧
Can you share how you buy stock? I’d like to try it but don’t know how to start.
We research a lot, if you don’t have the interest in researching maybe a financial professional is best for you.
Just wondering - if your investments have a down year do you do less traveling? Newly retired been thinking about this.
We set ourselves a travel fund to cover this which we would pull from if that happened Cheers 🍻🙂
You guys are awesome keep up the good work. Thanks for all the helpful pointers.
Our pleasure!Thanks for watching 🍷🙂🍻
It sounds like you are doing very well indeed. Maybe three cruises next year. I know how you feel. We live on about 1/3 of our base income. We live well, do whatever we want and don't scrimp. We save what we don't spend. My stock portfolio is up about 50% this year, but I have no desire to put any more money into the market. My real estate holdings are way up too. Overall we are up around 40%. I suppose that is OK, but we are at the age where we should be drawing our resources down. Our problem is that we don't have anything we want to spend money on.
It is great if you want to "Die Rich"...
This is something Todd so many of our viewers say , that we have all been saving for so many years now we are in a position to spend we freeze and don’t know what to spend on . We are trying to change that for us and others , we are about to do another video that will address just this hope it might help you too Cheers 🍻🙂🍷
It’s a problem what many retirees face 🤔
That’s my problem. Also, now that it’s time to spend I don’t know what to spend it on. Looking forward to that video.
@@ThisIsOurRetirement I look forward to hearing your take on this problem.
Warren Buffet is a very smart Guy …… but it seems like he has turned a lot of his stocks into cash ?
What is he expecting ? That should concern us all
We have taken some profits so some stocks are “free” as we took out our initial investment from the inflated share price.
He is 98 and funding his legacy; we’ve moved out of BRK somewhat as a result.
Guinea pig is excellent!
Thanks for sharing 🙂
I strongly suggest that you keep private about all these sources of your income. The government and crazy people are just looking for incentive reasons to remove from you your money. That being said congratulations and I do look forward to these videos Thank you.
It’s all declared on our taxes Patrick as we get slips from everywhere Cheers and glad you enjoy our videos 🍻🙂
👍👍✌️ I’m not near that kind of life style. Just enough to pay the bills and save a smidge.
Isn’t that the definition of happiness 👍
The last 9 years have been some of the best all time so please be careful! Statistically, this is very out of the ordinary so adjust accordingly.
Agree
What etfs do you buy for retirement
non
living the guys enjoy
Thanks 👍
Well done you two. 👍Keep going along as you're going. You're playing a blinder!!! I'm about to seek investment advice on an inheritance. Serious business. 😮Fingers crossed 🤞for a good income from it.🙏 Congratulations on your wise financial accomplishments!!! 👏🇨🇦🇨🇦😊😊 Galapagos eh? Brilliant stuff. Friend of mine went a few years back....still raves about it. Great to have something exciting to look forward to as well. 😊
Thanks for watching and that’s great you have received an inheritance 💰we hope it goes well for you Cheers 🇮🇪🍻🇨🇦
Thank you so much. The responsibility of investing wisely is weighing heavily but it's also exciting too! Am sure it'll be grand. Stay safe and well both. 😊😊@@ThisIsOurRetirement
Look at it that it is an unexpected bonus anything you get is wonderful enjoy 🙂