5 Investments That Can Help You Retire Early and Ones That Won’t

The following is a guest post.

When planning for your retirement, you want to make solid investments that will help you live comfortably after you leave the workforce. You will find a lot of advice on how much you should be saving now if you want to retire early. Most of the advice you will get will be about saving and investing in a certain percentage of your income. Investment is a great way to prepare for retirement, and while there are effective methods of investing, there are other methods that will not help you retire early. 

That said, below are 5 investments that will help you retire early. 

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Baby R2R’s Portfolio Update – Q4 2019

This post is part of the series where I share the progress of Baby R2R’s investment portfolio. I started documenting this in Q3 2017 and intend to provide quarterly updates.

Baby R2R was born in Spring 2016 and a few months later, I setup her education fund to which I contribute on a regular basis. We live in Canada, so we take advantage of the RESP program (Registered Education Savings Plan), an account type where we can save and invest for our child’s secondary education. In addition to tax advantages, we also receive an education grant, which matches upto 20% of the saved amount (upto a max of $500 per year). How can anyone say no to free money? 🙂

In addition to the education fund, we also decided to start a Nest Egg fund, where we save and invest for Baby R2R and let compounding do its job over the course next couple of decades. The two accounts take different approaches to investing strategy.

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Annual Update – 2019 Review

Welcome to the annual 2019 update. This is part of  a series where I track our financial progress on a regular basis. I present three parts in this series: (i) Investment & Portfolio Update, (ii) Passive Income Update, and (iii) Goals Update.

1. Investment & Portfolio Update

2019 was quite an interesting year. The broad equity markets performed phenomenally well with the S&P500 returning 28.9%. I finished the year with a return of 23.5%, underperforming the S&P500 but beating a 60/40 or 80/20 portfolio.

Changes to our portfolio are summarized below.

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Passive Income Update – Dec 2019

Welcome to our monthly passive income update for Dec 2019. This is part of the scorecard series where I track our dividends and other sources of passive income. I also include changes and updates related to our investments during the month – showing the overall progress.

Passive Income  Update

Passive income for the month of Dec 2019 was CAD$1,085.21, which comprised of US$386.81 and CAD$582.36 (exchange rate is US$1 = CAD$1.30).

The change for the month is 24.9% QoQ and -1.2% YoY for the month. This brings our passive income to $9,571.24 for the year of 2019 and achieves 119.6% of our annual goal of earning $8K. Woohoo! 🙂

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Simple Tricks to Help You Save More in 2020

The following is a 3rd party contribution.

Struggling with cash? You’re not alone.

There are plenty of people throughout the US today that wish they had a little more money to put into their savings accounts at the end of each month. However, finding the extra money you want for the future is easier said than done.

Fortunately, the new year is here, and that means that it’s time to get inspired and get motivated with some new tips and tactics for saving money. We’ve rounded up some simple tricks that could help you to save more as you move into 2020.

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