The journey for Financial Independence is a marathon. It takes a lot of time before you reach the finish line. It can be quite demotivating not to see the end. While reading blogs and comments on my site, I actually came to realise that there are maybe multiple stages in financial independence.
Investing in the stock market is not a free lunch. You take risk in order to get a reward. If anyone else tells you there is free money out there, then it is very likely a scam. Risk is something you not always see.
It is actually quite scary to make a financial plan that lasts a lifetime. There are more things we do not know than things we know for sure. Yet, I made the effort to make a financial plan to guide my actions, and guess what: it is wrong! But it is perfect for me.
There it was, this morning, right in the middle of extreme volatility markets and a lot of doom stories in the press. “Why are you still invested in the stock market?” It had to happen once.
Making the step from a savings account to an investment account is not so straight forward. In Belgium, the last years (2012-2014) there were regularly new record highs in money parked into a savings account. By sharing the steps I made, I hope to educate people on saving and investing.
Although the recent events were not (yet) a crash, rather a correction of about -12pct, it is weird to see what all the side action. This is the first real correction that I observe from close by. The past corrections or crashes, I was not into personal finance as I am today. I was therefore curious to see … More Adjusting the plan
Living in Belgium means that the news papers and websites bombard me with a lot of news and messages on the BEL20, the index representing the Belgium Euronext stock market out of Brussels. The last few days the graph on the newspaper that I read online was trending negative and then the day after there … More Is seeing an index mutiple times a day good for you?
Reading posts on how to live your live when early retired started a thinking process. What would I do when I am financial independent? It is not in my nature to do nothing. So, I try now to design my ideal life. This is the first iteration. I am curious to see where it takes … More The ideal life
Having a big plan in place is a good thing. But it does not mean that I do not need a more detailed plan on my personal investment accounts. This is equally important as the big picture. So, for my personal investment account, I now need to figure out my asset allocation based upon my … More How my individual investment portfolio is constructed