daveneedstoknow
Dryer sheet wannabe
- Joined
- Nov 26, 2014
- Messages
- 12
So I've been thinking about how to take my money out of my investments in a pound cost averaging manner and this is what I have come up with;
Once per quarter rebalance as follows
Take enough from investments to top up my cash account to two years worth of expenses.
Rebalance non-cash to my asset allocations (currently 70% equity, 30% bonds)
Monthly
Take one months expenses from my 2 year cash account into my current account.
Pay my income from rental property (equal to approx 50% of my expenses but variable due to maintenance costs) into my 2 year cash account
If I spend less than my expenses that goes into a short term savings account to cover those occasional larger one offs)
Does that sound like a sensible plan to people, do you have another approach?
Once per quarter rebalance as follows
Take enough from investments to top up my cash account to two years worth of expenses.
Rebalance non-cash to my asset allocations (currently 70% equity, 30% bonds)
Monthly
Take one months expenses from my 2 year cash account into my current account.
Pay my income from rental property (equal to approx 50% of my expenses but variable due to maintenance costs) into my 2 year cash account
If I spend less than my expenses that goes into a short term savings account to cover those occasional larger one offs)
Does that sound like a sensible plan to people, do you have another approach?