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@alisis Yeah. The problem with ETFs is that they're more work. They've removed the necessity for re-balancing and spreadsheeting, but you still are left with placing orders on a stock market with ticker symbols, reinvesting distributions, and even just overcoming the inertia to open a brokerage...

@carterfox For the same reason people walk into a bank to see an advisor. They are trying to be responsible with their money and want to be able to retire (at all, or early). Responsible, have money, maybe even a successful business... but not savvy on this particular industry. Big sign says...

@martinhero Wow yeah, originally the post just said "good incomes". That was an understatement... 680K annually changes the picture! I also intentionally left out the "sentimental" angle as I figured, if they knew they wanted the cabin, they'd already have decided to keep it (or at least...

@fluffytoast Understand and get past this first https://en.wikipedia.org/wiki/Endowment_effect If you suddenly had the equivalent amount of money instead, would you rush out to buy a cabin 6 hours away, for the income? Likely not. Sell. With cash in hand, execute on the money steps (see...

@yaman Bonds are supposed to be uncorrelated or even negatively correlated to stocks and they did their job. They're a diversifier for stock portfolios. They aren't supposed to be a guaranteed positive return over every time period.

@samsam53 I can't weigh in on the rent/buy debate, except to say that Toronto is very expensive. I prefer buying, but if I were in Toronto, that might not be the case. You have a lot of money in cash. You've identified that some of it should be moved into a product that will get you some long...

@zelisky Or even if you're wealthy and struggling! There's no shame in having money, not managing it well, and coming here for help. Being at peace with your money is about having "enough", and no number on its own can guarantee you that.