Weekend Reading – Market Volatility Edition
The love/hate relationship between investors and stock markets continue…
Toying with investors’ emotions again this week, the Dow Jones and our S&P/TSX index closed about 3.5% lower today. A pretty good hit to the solar plexus as tough SNL guys Hans and Franz would say. Turbulent times continue – I believe long-term market volatility is our new normal – let’s get used to it. Looking at the big picture, much more long-term than any given market day, equities crashing are times to buy. No, I’m not crazy, I don’t think. You’re supposed to buy low and sell high, aren’t you?
If I’m crazy then I have company. Fellow blogger Mike Holman tweeted today “Looking forward to do some buying today. I hear VEA is 5% off today.” Great stuff Mike. I bought some AT&T myself, a small position, for my RRSP. AT&T (T:US) has paid dividends for decades. My kinda company folks. AT&T and many other blue-chip companies are taking a beating of late which is fine by me. Regarding AT&T, no matter what’s going on in the world or with currency markets, people aren’t going to suddenly give up their telephones, mobile phones, or broadband internet connections. If you did, you wouldn’t be reading my blogpost right? Outside of direct stock purchases, I’d like to get some more VWO, one of my favourite international ETFs later this fall. This ETF is awesome. Didn’t catch that post? Don’t worry. Thanks to Rob Carrick at the Globe & Mail, you can read that post and a couple more related to my favourite ETFs series. Thanks again Rob for the mention in your Reader column.
I also completed a brief interview with the Toronto Star today, so hopefully some more My Own Advisor will be headed your way. Stay tuned friends.
While on vacation this week, I not only enjoyed some amazing weather in Ottawa but some excellent articles from around the blogosphere. I encourage you to check them out as well.
Have a safe, healthy and happy weekend. Thanks for reading. See you next week!
The Big Cajun Man reflected on what it means to be an adult now.
Million Dollar Journey informed us about the new Capital One Cash Back Credit Card.
Michael James said millionaires aren’t what they used to be. Fair enough, but $1 million is still a magical barrier in my opinion given only about 5% of all Canadians are millionaires based on study earlier this spring.
The Wealthy Canadian continued to breakdown his portfolio for readers. This week, he shared his excellent diversification in a sector classified as Merchandise & Lodging. This post also provided a nice summary of previous posts related to this portfolio. Check it out. Investing that is near and dear to my heart, TWC also had an excellent article about the Top-5 companies to DRIP.
Krystal Yee reminded us to increase our mortgage payments.
The Dividend Ninja reviewed Claymore’s new dividend ETF: CUD.
Canadian Capitalist said commission free ETFs are a good deal for most, but not all investors. Read why here.
Canadian Couch Potato provided his take on Claymore’s new dividend growth ETF.
Andrew Hallam gave us something much scarier than the stock market. Amazing post Andrew, really.
SPF discussed the ex-dividend date.
Mich from Beating The Index shared his good outlook on Hyperion.
Boomer & Echo are planning to give away a copy of The Wealthy Barber Returns!
Dividend Guy Blog gave us six steps to help us invest in dividend-paying stocks.
Dividend Monk told us the top-5 holdings owned by value investor and stock guru Seth Klarman.
Just as healthy as the TFSA vs. RRSP debate, the knowledgeable folks at Canadian Mortgage Trends discussed the fixed vs. variable mortgage conundrum.
Preet revisited P/E ratios for a long time reader.
Jim Yih discussed the benefits of investing in low fee mutual funds. Given the costs some mutual funds charge investors, low fees are the only fees that should be paid.
Canadian Finance Blog gave us some great tips to make your career a successful one.
The aforementioned Mike Holman from Money Smarts Blog asked if home owners could actually benefit from falling real estate values. With economics, anything is possible!
Again, have a great weekend and don’t forget to follow me on Twitter!