Showing posts from May, 2024

The importance of staying put during market turmoil: An update on how we survived the latest financial turbulence…

  Warren Buffett:  “Fear is the most contagious disease you can imagine.  It makes the virus look like a piker.” The stock market and the bond market which my wife and I have been relying upon to fuel our early retirement, has seen its peak exactly 16 months into our retirement, in December 2021.  When we retired early in August 2020, thanks to the concept of FIRE (financial independence retire early) movement, we thought we had prepared ourselves for the inevitable ups and downs of the financial markets. What we didn’t realize at the time of our early retirement were the macroeconomic conditions that we didn’t even know existed.  Things like demographics and when people consume vs invest, were simply not known to me when I was researching all things finance-related and FIRE related. How was I to know that thanks to globalization, when people take manufacturing or services related jobs in the cities, that that would transform how many kids they would have?  And how was I to know tha

Planning for an 8 week long road trip to the American South: Yay, another road trip!

  Coligny Beach Park, Hilton Head Island, SC When my wife and I were thinking about where to spend our winter months during the winter of 2023, we had several options.  We could rent another month long (or longer) stay at an AirBnB or similar, stay at my brother-in-law’s place in North Carolina for about 6 weeks then travel for about 6 weeks, or travel for longer than 6 weeks. In the end, we settled on traveling using hotels rather than AirBnB’s for the duration of 8 weeks.  We usually have to make our way to North Carolina to get stuff done (vehicle registration, vehicle inspection) as that is our official domicile.  As early retirees and nomadic travelers, we don’t rent or have a permanent residence of our own. Instead, we rely on my brother-in-law to provide his place of residence as our official address for everything including driver’s license, vehicle registration, vehicle insurance, health insurance, etc.  On top of that, we stay with them from time to time at their place while