My Dream
Full time employment: Posting here.
For those that remember me, I retired last year and my DW decided to take on a part time job. Investments were just over 1 M. with 60% of it in Investors Group the rest with Toronto Dominion Waterhouse. One of the first things I wanted to do is read as much as possible to educate myself in this new world of investment and then take out our investments with IG and reinvest on our own with TD Waterhouse.
Well the plan didn’t quite pan out like I thought it would. First off, I had a difficult time comprehending some of the jargen, concepts, what ever the case may be, I just didn’t really get it. When I finally decided I didn’t want to deal with the headaches, I decided to go full force on my to-do list that I was putting off for around 10 years. While doing this I started feeling guilty since I knew that my priority should have been to deal with IG, secure our finances and have a plan. Well, being overwhelmed with it all I just didn’t want to deal with it and hiring someone was in my eye’s not an option since we had several bad experiences with financial advisers.
Lately, I find myself pinching pennies and I’m constantly looking at the market. I don’t want to spend any money on materials to do any repairs unless I absolutely have to. Our family doesn’t go on vacations, or even small picnics, only the odd dinner out.
I’m starting to get depressed and my DW is feeling the effects of my unhappiness. Lately there has been two major changes in our finances that has me wondering if I made the right choice. We had to pay the Government CPP contributions for the last several years, since my DW (bookkeeper) and our accountant were told by the CPP rep that since I was self employed we didn’t need to contribute. After writing letters they denied our appeal to wave the penalty and interest since there was only phone conversation and nothing in writing. Amount owed ($30,000.00). 2nd…..in the last couple of weeks the TSX has dropped over 10% which has directly affected our portfolio and seeing the numbers drop like flies, well…..although I believe it will rebound, it still doesn’t set me at ease.
I need to change my mindset, I know my DW loves me but I can see she’s worried and my unhappiness is directly affecting her.
I took on the occasional part time job (very good money) in the same field and that only reinforced why I wanted to retire.
My advice to myself would be,
Pay the penalty, get the money out of IG, and reinvest with TDW.
Don’t worry about the market, it will rebound.
Cash in some of your mutual funds and make the repairs needed around the house.
Take some quality time with your family, it doesn’t cost much and the rewards are priceless.
Sit down and tell your wife how you feel and somehow let her know that everything will be ok.
I just with I could follow through.
Thanks for listening
MD
Well the plan didn’t quite pan out like I thought it would. First off, I had a difficult time comprehending some of the jargen, concepts, what ever the case may be, I just didn’t really get it. When I finally decided I didn’t want to deal with the headaches, I decided to go full force on my to-do list that I was putting off for around 10 years. While doing this I started feeling guilty since I knew that my priority should have been to deal with IG, secure our finances and have a plan. Well, being overwhelmed with it all I just didn’t want to deal with it and hiring someone was in my eye’s not an option since we had several bad experiences with financial advisers.
Lately, I find myself pinching pennies and I’m constantly looking at the market. I don’t want to spend any money on materials to do any repairs unless I absolutely have to. Our family doesn’t go on vacations, or even small picnics, only the odd dinner out.
I’m starting to get depressed and my DW is feeling the effects of my unhappiness. Lately there has been two major changes in our finances that has me wondering if I made the right choice. We had to pay the Government CPP contributions for the last several years, since my DW (bookkeeper) and our accountant were told by the CPP rep that since I was self employed we didn’t need to contribute. After writing letters they denied our appeal to wave the penalty and interest since there was only phone conversation and nothing in writing. Amount owed ($30,000.00). 2nd…..in the last couple of weeks the TSX has dropped over 10% which has directly affected our portfolio and seeing the numbers drop like flies, well…..although I believe it will rebound, it still doesn’t set me at ease.
I need to change my mindset, I know my DW loves me but I can see she’s worried and my unhappiness is directly affecting her.
I took on the occasional part time job (very good money) in the same field and that only reinforced why I wanted to retire.
My advice to myself would be,
Pay the penalty, get the money out of IG, and reinvest with TDW.
Don’t worry about the market, it will rebound.
Cash in some of your mutual funds and make the repairs needed around the house.
Take some quality time with your family, it doesn’t cost much and the rewards are priceless.
Sit down and tell your wife how you feel and somehow let her know that everything will be ok.
I just with I could follow through.
Thanks for listening
MD
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