I worked for this company for about 10 years. The company had achieved a remarkable marketing objective: they branded financial freedom. Known as Freedom 55, London Life successfully brought to market a new way of thinking about financial security planning. Although James MacKinnon, Professor of Econometrics at Queen’s University here in Kingston, had this blunt assessment of Freedom 55:
Freedom 55 is just not going to be feasible, and I’m not convinced it ever was.
Well, some people do get there.
I follow Financial Freedom is a Journey, a blog that highlights the approach that the author had taken to become financially free.
I retired in May 2016 at the age of 56 after a 34 year career in banking. My wife beat me. She retired in 2015 at the age of 52. Who said life is fair?
I have been a relatively conservative investor for over 30 years. While our passive income pales in comparison to that of Warren Buffett and Charlie Munger at Berkshire Hathaway, our annual dividend income and rental income far exceeds that reported in any other “investing” blog I have read to date; as at February 2017 we generate six figures in passive income.
My observations lead me to believe the lack of money creates unnecessary problems. I have, therefore, created this blog in the hopes of being able to impart some of my experiences over the course of my investment career.
What I love about his blog is that he posts his portfolio and provides a summary of his dividend income as well as his overall portfolio. You can find his current portfolio here.
His reported holdings total about 1 million which is a great outcome for someone who retired at 56. Although he claims to generate six figures in passive income, I only get to about $30k or so from his reported portfolio so he must have other holdings contributing the balance. Producing six figures in passive income requires a portfolio in the 2-3 million dollar range.
He shares some great investing ideas and really does some post some helpful research. His post on Enbridge is an example.
As always, I read these types of blogs to gain perspective. I do not use them to make my own investment decisions for me. That said, there is a lot of really good insight on this particular blog. I hope he continues to post!
We had a wonderful day yesterday doing something we had never done before despite living in the area for almost ten years. We took a boat over to tour Boldt Castle.
Here are a few pictures from our day.
First up is a shot of the Power House. Quite the structure for a power generator.
The grounds surrounding the castle are wonderfully maintained.
Here is a shot of Lorraine in front of Alster Tower.
One of many restored rooms in the castle.
And so many boats. Packed with tourists. We got lucky and managed to enter the island during a bit of a lull. I was surprised by the volume of people that came out to visit the castle that day.
Lovely views of the St. Lawrence River from our coach. We are here for the week.
What’s this? A new custom shop guitar from Fender?
From its humble beginnings as a makeshift stage to its now-legendary status as one of the best concert venues in Southern California, the Hollywood Bowl is part of the rich tapestry of Hollywood history. This natural outdoor amphitheater has hosted performances by some of the most well-known and respected artists of every musical genre; from Frank Sinatra to Jimi Hendrix and everyone in-between, the Hollywood Bowl has been bathed in pure musical magic for decades. Fender Custom Shop Master Builder Yuriy Shishkov captured and distilled that mojo, adding a healthy infusion of Fender’s timeless style and history with the incredible Front Row Legend Esquire. This guitar is crafted from 100-year-old Alaskan yellow cedar reclaimed from the original bench boards that have been resonating with the sounds emanating from “The Bowl” since 1919.
Launched last month, only two have been built so far. Available for a mere $12,000 USD.
Gator has added something useful to their guitar cases.
It turns on when the case is opened. It turns off when the case is closed.
Funny how something like this seems so obvious in a certain context, like opening a car door, and seems so utterly out of context for a guitar case. And yet, it makes perfect sense. There are many times I have opened a guitar case in a dark room wishing I had a light source to find an accessory. In my case, if you can pardon the pun, I have Strats where the tremolo bar is tucked away each time the guitar is returned to its case. Finding them can be a bit of a nuisance in a dark room.
Having a light source is a useful improvement. I like that. Particularly in my old age.
There it is. The Klon Centaur. Revered as the overdrive pedal for a guitarist. There aren’t many of them, fewer than 10,000 were built and they have become collector’s items.
One is up for sale in Canada. The asking price? A mere $3,537.
If you play guitar and are chasing the holy grail of guitar tone then you have an overdrive. If you have seriously chased tone then you have many overdrives. I really cannot think of another pedal that gets changed out as often as an overdrive. Unless, I suppose, you spend several thousand dollars on a Klon. At that point, you will undoubtedly convince yourself that it is the best sounding overdrive period. Your quest for the perfection of guitar tone will have ended.
Until Gibson came out with this product innovation: the Gibson Custom Burstdriver.
A Custom Shop Les Paul Standard exhibits the finest in materials, construction and historical accuracy, making it one of the best sounding and playing electric guitars on the planet. Additionally, the innovative new Gibson Custom Burstdriver provides players built-in sonic expansion capabilities. Essentially a high-end analog overdrive pedal built into the backplate of the guitar, the Burstdriver is engaged with a quick tap of the push/push tone knob. A simple twist can transform the dry signal into anything from a fat clean boost to a warm, thick overdrive all the way to a snarling distortion. The effect is entirely true bypass and the level, tone, and gain controls can be adjusted using a guitar pick. The Gibson Custom Burstdriver Les Paul Standard is your new secret sonic weapon!
I have no idea why Gibson would do something like this. I am not alone in this opinion.
Josef Rauschecker talks about the science behind tinnitus and treatment options. I have been fighting tinnitus for about ten years now. For the most part, I have adapted. There are times when it becomes very pronounced. It can lead to a very negative state of being when that happens.
If you suffer from tinnitus, Josef offers some excellent insight into this awful condition.
I received an email from my good friends at Collings Guitars. They included an update on a new signature model that Bill Collings had worked on until his passing:
When Bill Collings first met the brilliant young jazz musician Julian Lage, in 2014, the two began a series of in-depth conversations about their respective crafts. Lage’s profound insights as a guitarist would play a key role in the creation of Collings’ T (Traditional) Series guitars. This rare collaboration, which continued right up until Bill’s passing, in July, 2017, has yielded another exceptional new guitar with an old soul. We are proud to present a highly personal extension of the T Series: the Julian Lage Signature OM1.
You can find out more about this beautiful instrument here.