What caught my eye this week.
The ‘Just One More Year’ dilemma crops up all the time around these parts, so I was interested to see academics have put some numbers on it.
According to a report in Bloomberg :
A recent academic study called The Power of Working Longer, cited in the New York Times, finds that working just three to six months longer can raise your retirement income as much as increasing your savings by 1% every year for the last 30 years of your career.
Heck, that’s not even a year!
Too many people set up a false choice between working until you’re 65, and retiring at 27 to live an ultra-frugal life in a tent.
Instead work smart, tend to spend a little less, tend to save a bit more, invest the difference, and see where you’re at after a decade or so.
You might be lucky! If not, keep going.
Taste, season, and adjust the cooking time as required.
More on a working a little bit more
Here are the two sources cited by the Bloomberg piece if you’d like to read more:
- The Power of Working Longer  [Research paper]
- Thinking about retirement? Consider working a little longer – New York Times 
Hope you enjoy the links below!
A big fat D- for me, as we got no new content up on the site this week. I’m working on a fix, so please bear with us. By the end of summer we should be back to a regular schedule. (Add fibre allusions to suit.)
From the archive-ator: Reasons to rent instead of buying – Monevator 
Note: Some links are Google search results – in PC/desktop view these enable you to click through to read the piece without being a paid subscriber.1 
House prices jump £3,000 in a month despite ‘subdued’ property market – ThisIsMoney 
London’s ultra-low emission zone to extend to North and South circular [Good!] – ThisIsMoney 
Revealed: The mystery trader who roiled Wall Street [Search result] – FT 
The real price of Madagascar’s vanilla boom [Search result] – FT 
Products and services
Atom Bank launches best buy one-year fixed saving deal – ThisIsMoney 
Eight taxes that you could incur by getting involved in the property market – ThisIsMoney 
Sky vs BT vs Now TV: the cheapest ways to watch the 2018-19 Premier League – Telegraph 
RateSetter will pay you £100 (and me a bonus) if you invest £1,000 for a year via my affiliate link – RateSetter 
Fingerprint reading cards could be in your wallet by next year – Telegraph 
Who really owns Bitcoin now? [Search result] – FT 
The 20 most consistent investment trusts over the past decade – ThisIsMoney 
Five of the cheapest UK homes for sale – Guardian 
Comment and opinion
The psychology of money – Morgan Housel 
Does private equity deserve more scrutiny? – A Wealth of Common Sense 
Martin Lewis: 5 changes to fix student finance [Search result] – FT 
Downsizing: Taking stock, 5 years on – Can I Retire Yet? 
Spending speed bumps and your future self – Abnormal Returns 
Do you have enough water in your whiskey? – The Evidence-based Investor 
Hedge funds have lost their dynamic creators of value luster [Search result] – FT 
How to copyright a song and earn royalties – Financial Samurai 
Invesco fees row is a tragedy for shareholder democracy [Search result] – FT 
Equities outperform bonds? [Stock picking is mega risky, with skewed returns] – DIY Investor 
Pulling the thread with Tren Griffin [Podcast] – Invest Like The Best 
Is BT’s near-8% dividend yield a good reason to buy? [PDF] – UK Value Investor 
Reps, reps, reps: How to become a learning machine – Of Dollars and Data 
Factors from scratch [For the investing nerds among us!] – OSAM 
Kindle book bargains
The Idiot Brain: A Neuroscientist Explains What Your Head is Really Up To by Dean Burnett – £2.59 on Kindle 
How To Be F*cking Awesome by Dan Meredith – £0.99 on Kindle 
Quiet Leadership: Winning Hearts, Minds and Matches by Carlo Ancelotti – £1.99 on Kindle 
Eye of the storm: 25 years in action with the SAS by Peter Ratcliffe – £0.99 on Kindle 
Off our beat
How a former Tesla staffer became an Internet sales millionaire in his spare time – Bloomberg 
Beaufort Brexit scale [Funny. Sort of.] – via Twitter 
Why having your thoughts and dreams crushed can be a good thing – Young FI Guy 
On immigration – Paul Dean 
Anthony Bourdain’s theory on the foodie revolution – Smithsonian 
“Why do so few investment firms educate and treat their clients in this way? ‘It’s a joke, isn’t it?’ answers Buffett, adding that fund managers and brokers ‘don’t judge their success by investment results. They judge it by how much they can gather in assets. So they don’t want the shareholders to think of themselves as owners. They want them to think of themselves as customers'”.
– Cunningham & Cuba, The Warren Buffett Shareholder 
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- Note some articles can only be accessed through the search results if you’re using PC/desktop view (from mobile/tablet view they bring up the firewall/subscription page). To circumvent, switch your mobile browser to use the desktop view. On Chrome for Android: press the menu button followed by “Request Desktop Site”. [↩ ]