What's New Here?

Stocks

Canadian Dividend Stocks to Buy and Mostly Forget

There are quite a few dividend payers in Canada, but the ones that provide steady dividend increases and those companies that have been paying dividends for generations is a rather short list.  In that spirit, here are some Canadian stocks most dividend investors could potentially buy and forget* given they’ve paid steady dividends and tend to increase them routinely: Bank of Montreal (BMO) – paid dividends since 1829. Bank of Nova Scotia (BNS) – paid dividends since 1832. TD (TD) – paid dividends since 1857. CIBC (CM) – paid dividends ...

Read more »

TFSA

Some of the very best things about the TFSA

The Tax-Free Savings Account (TFSA) allows Canadians to set aside and grow money tax-free throughout their lifetime.   This is a great deal folks.  Each year, you likely already know you can contribute up to the pre-defined dollar limit for the calendar year, plus any unused TFSA contribution room from the previous years, and contribute any amount you withdrew from the year before.  This account is a great way to save for short-term and long-term goals. Here are some of the very best things about the TFSA that work for me. TFSAs are available ...

Read more »

Weekend Reading

Weekend Reading – Wealth Creation Stocks, Failing, Killing Mortgages and More

Welcome to another Weekend Reading list, sharing the best in personal finance and investing.  This week, these 15 financial rules got a bit of press across social media circles and I shared four fat financial failures to avoid. Enjoy these top picks from the week that was and we’ll see you here again next week. Rob Carrick suggested to look for (and hold) wealth creation stocks. Retire Happy wrote about the importance of failing. Barry Choi provided some tips to kill your mortgage sooner.  We use a combination of these things. The folks ...

Read more »

Financial Stuff

Four Fat Financial Failures

Mistakes are part of life, might as well accept that.  I’m learning to accept that concept more as I get older.  When it comes to personal finance in particular hopefully our money management mishaps are smaller and infrequent over time.  For today’s post, here are four fat financial failures and some personal commentary on them that have the potential to derail any retirement plan. Overspending The simple fact is, unless you can control your spending you won’t have anything left over to save or invest.  So, when it comes to a healthy ...

Read more »

Financial Rules

Agree or Disagree – Testing 15 Financial Rules

Recently, this article on BrighterLife.ca caught my attention – 15 common financial rules of thumb.   Author of this article Dave Dineen offered his take on these rules, and today’s post will offer mine. Your retirement income needs to be 70% of your working income. Largely agree, this is one of the more reasonable financial rules of thumb.   While some big, current expenses are expected to disappear in retirement (mortgage, RRSP contributions), new ones may appear (rising healthcare costs, travel).  Our goal is to save for about 50% of ...

Read more »

Top of Page

Copyright © 2009 to 2014 by My Own Advisor. All Rights Reserved. Admin
Powered by Theme Junkie  •  Designed by Dividend Ninja