For the first time in my life, I’m just about to break through into the sunshine list. As of writing this (the end of December), it’ll be the 2nd last pay before the end of the year, and I will have breached that mythical 100k salary barrier. And yet, I find the reality of it a bit strange…
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Anyone who knows a little bit about investing and related strategies knows that it’s very beneficial to have a diversified portfolio. This helps reduce risk while maximizing long term returns. Anything from various combinations of stocks, bonds, real estate, to cash holdings, etc. The point is to not have all your eggs in one basket, lest the basket breaks and all your eggs get cracked.
The same could be said of pension plans. But how do you know what those plans are investing in? It’s never in their news letter. It’s not directly on their main website pages. You have to dig a little, and even then, it’s somewhat murky.
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Right now, if you could, would you choose to have $1,000,000 in your bank account that you could access as soon as you retire, to spend as you see fit? Or would you rather have that money in equal payments over the course of 30 year period? Well, being part of a pension doesn’t give you a choice in the matter. Or does it?
I have questions. And the answers I’m looking for aren’t going to be pretty. So come along with me for the ride! We’re going to investigate all the reasons as to why I hate pensions! Because where we’re going, we don’t need roads! We’ll need a shovel. That’s right, a shovel! Because we’re going to do a whole lot of digging, through heaps of shite!
We’re about to go down a rabbit hole of unknown depths… Will we find strange and bizarre things? … Perhaps rabbits.. Maybe chipmunks… Possibly coyotes… Maybe even a hippopotamus or two if we get deep enough… and if we dig too deep… A Balrog even? Do you have any idea what a Balrog is? It’s quite frightening, that’s what!
But at the very least, we’ll hopefully discover truth…
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Well, we’ve made it folks! As of May 2022, we surpassed the $2 per litre barrier. I’ve seen it reach as high as $2.17 where I live. And it’s about time! I’m surprised we haven’t gotten here sooner even with the large contribution from the geopolitical crisis caused by the invasion of Ukraine. All this whining and complaining about how much it takes to fill up your tank… Stop it! Just stop it!
Because you know what? Gas isn’t expensive. It’s your car that’s expensive…
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When that bear came after you, and you saw your investments drop thousands of dollars in a matter of weeks, or even days, what choice did you make? Did you decide to sell before the storm got worse, and try to preserve what you had left? Then maybe you bought back in at some future time when the market had finally recovered? Or did you ride that sucker all the way to the bottom, buying as you go, hanging on for dear life and locking in stocks on sale! Only to grab the reigns, then ride that beast of a bull all the way back up to the top* again, profiting from the gains of cheaply gotten stocks?
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Have you ever seen the movie Starship Troopers? I have. Several times. It’s a great little sci-fi romp, based on the 1959 novel of the same name. The premise is that humanity is in a war with the insectoid creatures known as “bugs”, or arachnids; think giant spidery type creatures. The plot follows the exploits of the main character, Johnny Rico and his exploits with the mobile infantry unit known as the Roughnecks…
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Costco has been getting me so mad lately. The visits usually start well enough but they’ve been ending on an infuriating note. Don’t get me wrong. Costco can be generally enjoyable, mainly when there’s hardly anyone there. They usually have all these random, interesting things that they bring in to sell which you might not see elsewhere. They have solid prices on a lot (but not all) of what they sell. And they have cheap take out food. But man, the last few times when I end up at the cashier…holy smokes does it rile my biscuits, and I’m going to tell you why.
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