7pm start for the main meet up
6.30pm start for members who are new to FI - to welcome new members we start each MCR FIRE online meet up with a half hour 'appetiser' a quick tour of FIRE for those just starting out on their journey.
About Investing for Income
Most FIRE folk invest passively in trackers, usually Vanguard. This is by far the best and simplest way of accumulating wealth. Just save as much as you can every month and stuff it in a tracker. The problem comes when you retire and you start to decumulate. Do you just sell 4% every year? How much of a cash buffer do you keep? What if the stock market crashes just as you retire? What I am saying is that decumulating is not a passive process. You have to make active decisions, perhaps at a time of cognitive decline.
There is another way (apart from an annuity) where you just sit there and do nothing. There is no decision making and all you do is collect the increasing income. In other words, this is a passive process, even though you have to invest in active funds – investment trusts. Some investment trusts have increased their dividends for over 50 years. This talk will give you the knowledge of how to invest for a long, prosperous retirement.
Investing for Income (online) , Fri, May 26, 2023, 6:30 PM | Meetup
Promoting Inclusive Investor Engagement | The Engagement Appeal (teaxall.org)
social@engagementappeal.org
