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Weekend Reading – Dividends, debt, unconventional investments and much more

 

With Ontario’s own brand of austerity measures on the horizon, now more than ever is a time to pay down debt and whenever possible, invest for the future.  I know around our household, these are our two biggest priorities, attack the mortgage and invest some monies for our retirement.   Preet Banerjee says not to wait for grey hair to plan my retirement, so I’m following his advice!

Regarding our investment plan, I’m convinced, investing in a few broad-market exchange traded funds (ETFs) and some dividend-paying stocks are an excellent dual-pronged approach for success.  ETFs give me market returns, instant diversification and distributions on a monthly and quarterly basis to passively grow my retirement nest egg.  Pretty much set and forget stuff with ETFs.  My dividend-paying stocks provide me with some appreciation (even in this market climate) and healthy yields used to buy more shares in the same company or new shares.   In fact, many of the stocks I own are dividend aristocrats or champions; companies that give raises to investors every year.

Over the last couple of weeks, here are some stocks in my portfolio that raised their dividends:

  • Abbott Laboratories (ABT:US) – raised its quarterly dividend to $0.51 USD per share.
  • Coca-Cola Company (KO:US) – raised its quarterly dividend to $0.51 USD per share.
  • TransCanada Corporation (TRP) – raised its quarterly dividend to $0.44 CDN per share.
  • Rogers Communications (RCI.B) – raised its quarterly dividend to $0.395 CDN per share.

I’ve only got one job, but I received four small raises in the last couple of weeks!  So far, so good with the dividend-payers but I’ve got a massive mortgage to pay off so I must focus on that.  10-12 more years to go….which includes our current lump sum prepayment rate.  Ugh, that seems so far away.  There’s always something to focus on, isn’t there?!

Dividends, debt and unconventional investments headline this weekend’s roundup.  Check out these great articles below.

Have a great weekend and thanks for reading My Own Advisor!

 

Dividend Stocks Online has a free list of high yield dividend stocks and monthly dividend stocks for income investors.

Dividend Monk is launching a newsletter.  I signed up Matt!

Kevin from Invest It Wisely wrote about how some unconventional investments did in 2011. Surprising results!

The Loonie Bin is suffering from dividend down time.

Michael James on Money talked about market mind games.

Million Dollar Journey explained the effects of reducing the dividend gross up amount. (What is the dividend gross up? MDJ explains it nicely: “It’s a multiple used to calculate taxes owed on dividends received by shareholders. Since dividends are paid to shareholders with after corporate tax dollars, taxes on those dividends are reduced for the shareholder via a dividend tax credit. To calculate the taxes owed, dividends received by the shareholder are “grossed up” by a multiple.”) What does this mean for shareholders?   If corporate taxes in Canada continue to go down, dividend investors will see higher taxes in a non-registered account. This certainly cements my case for moving my dividend-paying stocks to the tax free savings account (TFSA)!

Dividend Guy Blog was nice enough to ask me and a few other bloggers for RRSP advice. That advice is rolled up in a very informative post – check it out here!

Dividend Ninja had a guest post about when issuing a dividend can be dangerous. While I agree it’s dangerous if some companies borrow to pay shareholders, I suspect for large, established blue-chip companies this practice is rare due to their economic moat(s) and large cash flows.

The Financial Blogger shared 3 killer ways to build your online empire. His post was very amusing – you’ll have to read it to find out why.

Canadian Capitalist looked at the performance of the BMO covered call ETF: ZWB.

Canadian Finance Blog shared some of the best ways to invest in – yourself.

Jim Yih from Retire Happy Blog wrote about your financial roadmap.

The Blunt Bean Counter wrote a comprehensive post about employment insurance refund claims.

Passive Income Earner said goodbye to SoctiaITrade, hello to RBC Direct Investing.

Young & Thrifty gave us the low down on the RESP.

On BankNerd, Prairie EcoThrifter shared 10 ways to cut your food budget in half.

Boomer & Echo reviewed Findependence Day by Jonathan Chevreau, the personal finance columnist for the Financial Post.

Krystal Yee from Give Me Back My Five Bucks wrote about making some outrageous goals.

Mich from Beating The Index said to beware of declining natural gas prices.

Dan Bortolotti from Canadian Couch Potato had a chat with the original couch potato, Scott Burns.  This was a great interview.

Big Cajun Man discussed some financial considerations for Lent.

Susan Brunner reviewed a railroad I want to own.

The Daily Thinker discussed government, taxes and services.   We’re stuck…we don’t want to live with them but we can’t live without them!

Preet Banerjee from Where Does All My Money Go is giving away 10 coupon codes for free access to UFile online tax preparation software!  Hurry, your opportunity for this giveaway ends midnight this Friday, February 24th!

Sustainable Personal Finance told us how to save thousands on your next car purchase, by importing it from the U.S.

My University Money had a post about the challenges of writing an ebook.

MoneyCone gave some great reasons for choosing a 30-year mortgage, even though the mortgage could be paid off in 15 years.   I liked this plan, great flexibility and you can increase payments at any time.

Filed in: Weekend Reading

18 Responses to "Weekend Reading – Dividends, debt, unconventional investments and much more"

  1. Thanks for the mention, Mark. Have a good weekend!

  2. Thanks for the inclusion Mark, looks like lots of fun and snow this weekend!

  3. Preet says:

    Thanks for the double mention Mark! Have a great weekend.

  4. I appreciate the mention.

    The newsletter launch is going very well so far, and I’m happy to receive the support of fellow bloggers with it. :)

  5. Echo says:

    Thanks for the mention, Mark! Enjoy your weekend.

  6. I first thought you got 4 small raises and I thought, wow you have an awesome employer! Then I realized you meant your dividend increases ;)

    Here’s to many more raises in the future!

    Thanks for the mention Mark!

  7. Moneycone says:

    Thanks for the mention Mark!

  8. Thx for the mention Mark. Always a nice sign that the stocks you own have dividend increases.

  9. Great points on the small raises that you earned using dividends. This is the best way to look at them.

    What ETFs would you recommend to take a look at that give exposure to REITs or commodities like oil.

  10. Poor Student says:

    Lots of good reads here. I have some catching up to do.

    You seem to open my eyes to a lot of simple things. I never would have thought about dividend increases as raises for myself, maybe because I am just going to invest it back anyway, but that is exactly what they are.

  11. Thanks as always for the mention buddy. It’s amazing that a basic portfolio of ETFs, and dividend investing (if that’s your thing) can beat 99% of mutual fund managers out there hey? That fact just astounds me.

  12. Thanks for the inclusion, Mark!

  13. Taline says:

    I’ve read a few of the posts and they are great content articles! It looks like I have some other reading to do :)

  14. Thanks for the mention Mark and congrats on those divvy raises:)
    My number 1 focus remains the mortgage which I should put to rest by 2015!

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