Fantastic read. Jim 'gets it' and has done very well obviously following his investment principles. I am of the same mindset myself and the only difference between Jim and I are our balances. Im nowhere near $3M, started later in life investing (now in my 70's) but own a portfolio with only dividend paying blue chippers for the most part. As said in the article, boring but it works for me and obviously JIm.
Hi, great story, thank you both for sharing. The entire interview is very interesting, but the entire paragraph about the buybacks and the difficulties of selling stock to cover expenses on a regular are pure gold. All the best.
Love this. Thanks Jim for sharing your wisdom and life philosophy. You took a simple idea and took it seriously, to quote Charlie Munger. Good for you.
I hope you enjoy a great quality of life in the coming years.
This was an excellent piece, easily my favourite post on Substack since I joined. Thank you Jim and Nelson. I particularly appreciated the angle of the advantages of dividends towards the end, in regards to poor capital allocation by management teams and how much easier it is to receive dividends compared to selling stock for daily expenses. I hope more similar stories of people we can use as mentors are featured in the future.
I really got a kick out of doing this and really didn't think so many of you would find my story worth reading. Thanks Nelson for having me. I'll answer some of these comments before I head out to pickleball.
Jim - appreciate you taking the time to put yourself out there and share your story. This is way more instructive to people than most of the self help discussions on the web re personal finance. Your dividend strategy works for you and helped your family achieving financial success. You should definitely enjoy the rewards of your dividend strategy somewhere warm this winter!
“That's been one of my mantras - focus and simplicity. Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it's worth it in the end because once you get there, you can move mountains.
Steve Jobs”
I loved reading this interview with Jim, and wish it was twice as long. The relative simplicity of his investment journey, yet without resorting to mutual funds or even ETFs is inspiring.
Jim: knowing what you know now, would you have retired even earlier? $3 million is a pretty big portfolio for an average Canadian (I think?!) and if you aim to die with $0 — or even leave a nice inheritance for your children — you’ve got a lot of spending to do before old age starts to settle in.
I like that Jim uses a common sense approach that makes sense to him and ignores the finance eggheads. His take on buybacks is bang on, in my opinion. Yes, the simplest approaches to investing are often the best.
Great interview. A good reminder that an investor has to find their own comfort level and investor style. Patience in investing is tough whether an income or growth investor and knowing when to hold or fold with a stock.
How Jim Retired Early With a $3M Portfolio That Generates $120K Per Year... Tax Free
Fantastic read. Jim 'gets it' and has done very well obviously following his investment principles. I am of the same mindset myself and the only difference between Jim and I are our balances. Im nowhere near $3M, started later in life investing (now in my 70's) but own a portfolio with only dividend paying blue chippers for the most part. As said in the article, boring but it works for me and obviously JIm.
Hi, great story, thank you both for sharing. The entire interview is very interesting, but the entire paragraph about the buybacks and the difficulties of selling stock to cover expenses on a regular are pure gold. All the best.
Love this. Thanks Jim for sharing your wisdom and life philosophy. You took a simple idea and took it seriously, to quote Charlie Munger. Good for you.
I hope you enjoy a great quality of life in the coming years.
Greetings from Greece
This was an excellent piece, easily my favourite post on Substack since I joined. Thank you Jim and Nelson. I particularly appreciated the angle of the advantages of dividends towards the end, in regards to poor capital allocation by management teams and how much easier it is to receive dividends compared to selling stock for daily expenses. I hope more similar stories of people we can use as mentors are featured in the future.
I really got a kick out of doing this and really didn't think so many of you would find my story worth reading. Thanks Nelson for having me. I'll answer some of these comments before I head out to pickleball.
Jim - appreciate you taking the time to put yourself out there and share your story. This is way more instructive to people than most of the self help discussions on the web re personal finance. Your dividend strategy works for you and helped your family achieving financial success. You should definitely enjoy the rewards of your dividend strategy somewhere warm this winter!
Diversification is free, EMA, BCE and more even split between other bank shares
Awesome interview. So many things to think about after reading that piece. Make the portfolio smarter, not harder!
Such a great read!
thanks for sharing Jim! Very interesting to hear real experiences.
“That's been one of my mantras - focus and simplicity. Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it's worth it in the end because once you get there, you can move mountains.
Steve Jobs”
I loved reading this interview with Jim, and wish it was twice as long. The relative simplicity of his investment journey, yet without resorting to mutual funds or even ETFs is inspiring.
Jim: knowing what you know now, would you have retired even earlier? $3 million is a pretty big portfolio for an average Canadian (I think?!) and if you aim to die with $0 — or even leave a nice inheritance for your children — you’ve got a lot of spending to do before old age starts to settle in.
I like that Jim uses a common sense approach that makes sense to him and ignores the finance eggheads. His take on buybacks is bang on, in my opinion. Yes, the simplest approaches to investing are often the best.
First time reading an article on your site. Two thumbs up! Thanks Nelson and “Jim”
Thanks for sharing!
Great interview. A good reminder that an investor has to find their own comfort level and investor style. Patience in investing is tough whether an income or growth investor and knowing when to hold or fold with a stock.
This is great. Thanks for sharing.