Jason Pereira
@jasonpereira.bsky.social
That is where we are at in Canadian banking. They are playing defence so hard not only are advisors barely allowed to use social media, now big brother is monitoring and reprimanding them on their likes.
June 16, 2025 at 1:49 PM
That is where we are at in Canadian banking. They are playing defence so hard not only are advisors barely allowed to use social media, now big brother is monitoring and reprimanding them on their likes.
The irony is the stock is up over 4% on the announcement and they are all still miserable over the divvie cut
May 9, 2025 at 12:15 AM
The irony is the stock is up over 4% on the announcement and they are all still miserable over the divvie cut
To my friends: light
To my enemies: dark
To my enemies: dark
April 26, 2025 at 2:56 AM
To my friends: light
To my enemies: dark
To my enemies: dark
Its an observation
But not how retirement actually works
But not how retirement actually works
April 25, 2025 at 9:04 PM
Its an observation
But not how retirement actually works
But not how retirement actually works
Yes. the findings are sound. The problem is that it does not account for risk profiling or human behaviour.
Mathematically optimal doesn't work unless it is within the realm of what clients are willing to accept the reality of living with
Mathematically optimal doesn't work unless it is within the realm of what clients are willing to accept the reality of living with
April 25, 2025 at 9:04 PM
Yes. the findings are sound. The problem is that it does not account for risk profiling or human behaviour.
Mathematically optimal doesn't work unless it is within the realm of what clients are willing to accept the reality of living with
Mathematically optimal doesn't work unless it is within the realm of what clients are willing to accept the reality of living with
The worst part of this all is that the mistake is only felt late in life, when one is too old to work. There are few things more heartbreaking than watching people in their 90s go broke.
April 25, 2025 at 8:49 PM
The worst part of this all is that the mistake is only felt late in life, when one is too old to work. There are few things more heartbreaking than watching people in their 90s go broke.
At best, the 4% heuristic can be used as a shortcut in early visualization to get people to understand they will need >25x the amount of money they plan on spending, but it should never be relied upon.
April 25, 2025 at 8:48 PM
At best, the 4% heuristic can be used as a shortcut in early visualization to get people to understand they will need >25x the amount of money they plan on spending, but it should never be relied upon.
IMO all planning should be assessed with forecast expenditure determining the need for income, not vice versa.
Yes, this requires real planning.
Yes, this requires real planning.
April 25, 2025 at 8:48 PM
IMO all planning should be assessed with forecast expenditure determining the need for income, not vice versa.
Yes, this requires real planning.
Yes, this requires real planning.
In general I have a problem with what I call "yield-based planning" where people assume they can just live off whatever amount that yield is by adjusting spending.
Spending habits are far stickier than returns.
Spending habits are far stickier than returns.
April 25, 2025 at 8:47 PM
In general I have a problem with what I call "yield-based planning" where people assume they can just live off whatever amount that yield is by adjusting spending.
Spending habits are far stickier than returns.
Spending habits are far stickier than returns.
The actual math is 4% of the starting period of 30 years, adjusted for inflation annually. The 4% of account value results in variable consumption completely disconnected to ones need, yet I see people making this mistake all the time.
April 25, 2025 at 8:45 PM
The actual math is 4% of the starting period of 30 years, adjusted for inflation annually. The 4% of account value results in variable consumption completely disconnected to ones need, yet I see people making this mistake all the time.
In the worst of cases, people misunderstand it and think it means take only 4% of your portfolio value every year, and you won't run out of money. This is true, it's impossible to run out of something when you reduce it by a set fraction every time as the base diminishes.
April 25, 2025 at 8:44 PM
In the worst of cases, people misunderstand it and think it means take only 4% of your portfolio value every year, and you won't run out of money. This is true, it's impossible to run out of something when you reduce it by a set fraction every time as the base diminishes.
Note I also forgot to mention other issues such as the tax implications of one's situation.
It's an indicator, but it should not be the foundation of people's retirement income plan. It is used by far too many in the DIY community, and many advisors as a shortcut that can lead to ruin.
It's an indicator, but it should not be the foundation of people's retirement income plan. It is used by far too many in the DIY community, and many advisors as a shortcut that can lead to ruin.
April 25, 2025 at 8:43 PM
Note I also forgot to mention other issues such as the tax implications of one's situation.
It's an indicator, but it should not be the foundation of people's retirement income plan. It is used by far too many in the DIY community, and many advisors as a shortcut that can lead to ruin.
It's an indicator, but it should not be the foundation of people's retirement income plan. It is used by far too many in the DIY community, and many advisors as a shortcut that can lead to ruin.