It has been awhile since I last posted on this blog,
so a quick update here on what we have been doing the past few months. In my
last post I discussed how Hurricane Dorian that passed through the Abaco region
of the Bahamas on 1-2 September 2019 and destroyed everything in its path. Our
sailboat, SATISFACTION a 41-foot Beneteau, which had been hauled out at Green
Turtle Cay, was one of the casualties of Hurricane Dorian.
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Comments Off on A Winter in Southern Europe
In May of 2019 we took a very enjoyable cruise on SATISFACTION our 41-foot Beneteau sailboat. We cruised for three weeks to the Abaco islands northwest of Green Turtle Cay where very few boats go. The weather, water, and snorkeling were perfect for this trip. On 1 June SATISFACTION was hauled out for summer storage at the boatyard at Green Turtle Cay. I am really glad we took that three-week cruise as it was the last cruise we would take on SATISFACTION. And 1 June was the last time we would see SATISFACTION as well.
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It is pretty well documented that the average retail stock market investor does not obtain the same long-term results as the broad market indexes. Here is a link to just one article titled, “Why Average Investors Earn Below Average Market Returns,” that discusses why retail stock investors do not replicate long term market returns. The stat provided in this article is that the annual return of the S&P 500 index for the 20-year period ending on 12/31/2015 is 9.85%. However, the average equity fund investor’s annual return for this same 20-year period is only 5.19%. I think this article, similar to many others like it, is correct when they point out that when it comes to investing, the average investor’s own emotions are their biggest obstacle to success.
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In my last post I discussed my thinking about why I
decided to purchase an annuity from an insurance company. This post will
discuss how I arrived at the type of income annuity and how much to purchase.
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If you are near or in retirement, there are several risks that can derail your retirement plans. These risks all need to be addressed in some way and some are easier to manage than others.
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Financial Planning Topics, Posts relevant to people Age 50 to 70affording early retirement, Biggest retirement risk, early retirement questions, Income annuities, longevity insurance, Planning an early retirement, Portfolio longevity, Retire in the Bahamas, Retirement risks, Retiring onto a sailboat
Comments Off on Retirement Planning: Managing the Biggest Risk
Late last year the equity markets experienced much volatility causing a lot of angst among investors, especially retirement investors. It is during uneasy times like this that many people start to have feelings of panic and forget the basics of investing. So, I thought I would use this post to remind investors about a couple of concepts that I have covered many times before but some may have forgotten.
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Financial Planning TopicsEarly retirement, Investment management, Manage market volatility, Manage retirement assets, Manage your portfolio, Market volatility, Planning an early retirement, Proper equity allocation, retire early, Retire onto a sailboat, Retirement Planning, Sailing the Bahamas
Comments Off on Retirement Planning….Market Volatility What to Do?
We are now back at our winter home in Hope Town on our sailboat on Elbow Cay in the Bahamas. Two weeks ago, we were on a cruise ship crossing the Atlantic Ocean where we departed from Rome, Italy. Two weeks before that we were in Greece touring several great spots.
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Comments Off on Summer 2018 Update
It has been awhile since I have added a post to this blog. I have no good excuses except laziness and the fact there are so many activities here in Hope Town on Elbow Cay that I have not had made time to add a post. This post will summarize our activities the last 3 months.
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Comments Off on Our Daily Life in The Bahamas
Earlier this month we arrived back in the Bahamas. We keep our sailboat,
Satisfaction, on land at Green Turtle Cay, another cay in the Abacos about 20 miles away from Hope Town. It takes 2 to 3 exhausting days to get our boat set up for living after the summer hurricane season. Fortunately, the Abaco area of the Bahamas was again this year spared any hurricane damage.
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Boat Life Posts, Investment Planning TopicsEarly retirement, equity allocation, investment planning, Living in the Bahamas, portfolio management, Portfolio rebalancing, Retire and go sailing, retire early, Retire onto a sailboat, Sailing the Bahamas
Comments Off on Return to the Abacos