Onwards to freedom!

Watty1

It is sobering. I agree

Teacher2

edinburgher wrote: »

The 4% rule refers to the results of the 1998 Trinity Study, in which the researchers looked at the return from a balanced portfolio of stocks and bonds and stated that a withdrawal of 4% annually should be safe to maintain your portfolio in perpetuity (i.e. the money should never run out completely).

It's widely used as a rule of thumb when retirement planning.

Here's an article from Vanguard (2011) that revisits the study.

Thank you. I get the gist but not all of the details.

edinburgher

Yes - we have won the birth lottery!

PositiveBalance

Hi SSS :wave:

I've been very rude (and very busy!) and realised that I have never popped by your diary to say hello, wish you well and thank you for all the moral support! :eek:

So hello, best of luck and I've only had the chance to read so far yet but I am liking your mortgage free status and your aims for FI! :T

*Subscribes and grabs pen and paper to take notes*

SuperSecretSquirrel

Thanks for posting everyone, and a big hello back at you PositiveBalance

Today is a happy milestone day for us! We now owe less than 30k on the mortgage :j

Mortgage balance is -£29,807.86, and as far as the bigger picture goes we are mortgage neutral plus £23,036.67

I'm looking forward to doing my quarterly update on the 1st July... So long as all hell doesn't break loose between now and then, there could be some more milestones to report! Of course, there's a good chance that we'll see some huge market fluctuations in the coming weeks and months (regardless of what the outcome is on June 23rd), so the chickens are not being counted just yet!

Teacher2

I have two close relatives working with knowledge of the finance industry and one says that the sky will fall in on Brexit and the other says the markets have already priced in the turbulance that the vote is likely to make so not to worry too much.

SuperSecretSquirrel

Teacher2 wrote: »

I have two close relatives working with knowledge of the finance industry and one says that the sky will fall in on Brexit and the other says the markets have already priced in the turbulance that the vote is likely to make so not to worry too much.

That pretty much sums the whole thing up as far as I'm concerned - nobody really knows (or can know) anything with any real level of certainty

coeywong88

Thanks for posting PR agency everyone

mrsp1987

SuperSecretSquirrel wrote: »

That pretty much sums the whole thing up as far as I'm concerned - nobody really knows (or can know) anything with any real level of certainty

It's like one giant episode of QI. "Nobody knows"

edinburgher

Well, might be time for a little market timing depending on the outcome :think: