I had to chuckle when I read a recent Globe and Mail article that said TD and CIBC had to “fight through tough capital markets” to beat market expectations. It appears “the fight” has paid off, handsomely this quarter, to the tune of $1.57-billion for TD and almost $800-million for CIBC. Where can I learn how to fight like that for SO MUCH cash?!
This past week has been hectic at work and around home. I’m ready for the weekend, big time. I’m sure you are too.
Next week, I’ll be posting Part 3, the final installment of my comprehensive review of Millionaire Teacher and I hope to share my November 2011 Dividend Income Update with you as well.
I’ve also been thinking a great deal about our debt situation. It doesn’t consume me but I think about it enough. Taking on debt is a normal activity in many regards, but it doesn’t need to be excessive. ‘Tis the season when I start to think about it more. Money flying here, money flying there for gifts and dinners with friends. We have to live, no doubt, but I don’t want to fall into a deep hole I can’t get out of. Over the next couple of weeks, I’m going to share more on that with you, including some goals we have for 2012. Those goals are aggressive for 2012 but I’m also looking forward to tackling them.
What about you? Is debt weighing on your mind this holiday season?
Until that question is explored further, I’ve got a host a great articles to share. Check ’em out and tell me what you think about them!
Have a safe, happy and healthy weekend. Chat more next week!
Michael James said past GIC returns are not as good as they appeared. He’s right!
Mich from Beating The Index said he’s come around and is now in favour of the SKW/MQE merger.
Today’s Economy Blog wondered if you’re financially prepared for bad health. “One example: While 53% of Canadians believe that a major health condition would have a “big, perhaps permanent impact” on their personal finances, just 58% of Canadians are preparing or are prepared in case they get sick.” Those numbers surprised me.
Dividend Ninja wondered “What Happened to the Income Trusts? Part-2”. Ninjas’ article was originally published in the September 2011 edition of Canadian MoneySaver. Well done Ninja!
Mike from Money Smarts Blog debated whether PC Points at Loblaws are worth it. Personally, after owning a PC MasterCard for years, I would say “yes” the points were good but there are other points/rewards systems that are better than PC Financial. Check out what I recently signed up for here.
BankNerd gave us another cash back MasterCard to consider.
Preet Banerjee gave us the low-down about interest rate swaps, interest rate swap dealers and comparative borrowing advantages.
Canadian Capitalist questioned why Ally isn’t more popular? Is it because they are a latecomer to the high-interest savings account party?
Boomer & Echo discussed packaged bank accounts. My take, these accounts are not for me, the packaging often comes with hefty fees.
SPF discussed the merits of batch cooking. We do this around our house often. Great for saving energy and time!
101 Centavos gave us a history lesson in insurance.
The Big Cajun Man warned us….about Cyber Monday! I guess I didn’t take the warning very well. I didn’t do anything. Was I supposed to buy something? 🙂
Dividend Mantra asked: What Are You Buying? Me, nothing right now because we very little to invest. Hopefully, once our LOC is paid off in early 2012 that will change.
The Blunt Bean Counter has an outstanding initiative underway – Bloggers for Charity. I wonder what the leading bid is so far? I’ve heard a spot on Canadian Capitalist’s site, the leading bid is in the hundreds of dollars! Great stuff!
Dividend Guy Blog discussed options and considerations for dividend investing in 2012. Personally, I’m not changing a thing. Staying the course by scooping up more holdings that ETFs like XDV and CDZ own.
Million Dollar Journey reviewed The Worried Boomer by Derek Foster. Not only does this sound like a good read, you can try and win a free copy of Derek’s book on MDJ’s site! Hurry, the contest will end December 3, 2011.
Congratulations to YoungandThrifty on her 2 year blogiversary! I look forward to many more years! Stay in touch often Y&T.
My University Money said money is just a tool. Absolutely true. A powerful one at that though. “The bottom line is that earning and spending a lot of money does not make you financially independent. The only way to ensure you are eventually financially independent is to create multiple streams of income for yourself and treat money as a tool to further your overall financial position.” Well said.
Dan Bortolotti questioned whether the pros can time the market. Dan writes: “The problem was that defensive mangers were usually late to the recovery party. As a result, over an entire market cycle most investors are usually better off staying fully invested all the time.” I agree, stay in, all in.
Jim Yih had a guest post that asked: Do you need income from your investments? My answer is absolutely “yes”, since cash flow always counts.
Larry MacDonald wrote about crushing debt before it crushes you. Larry, seems you and I, and author David Trahair are on the same page.
The Passive Income Earner offered up some interesting metrics for 20 Canadian dividend-paying stocks.
Invest It Wisely had a guest post about learning some valuable financial lessons.
Andrew Hallam apologized to readers and would-be buyers of his book, Millionaire Teacher, because it SOLD OUT in Canada through Amazon. I guess that makes my FREE giveaway, pretty valuable eh? Great stuff Andrew!
Last but not least, Susan Brunner (one of my mentors in dividend investing) has an article about the industrial stocks she tracks. Mullen, Progressive Waste Solutions and Russell Metals are three stocks I intend to own when the price is right. Read more of her great article, here.
Don’t forget to leave me a comment folks!