Welcome to my latest Weekend Reading edition, listing some of my favourite personal finance and investing articles from the week that was. Unless you were living under a rock this week, United Airlines assaulted one of their passengers. Horrible to say the least – here is some commentary on this mess. Airline overbooking practices are not going away but I’m optimistic this type of treatment will never happen again.
On a happier note it’s Easter Weekend and I hope you enjoy some downtime with family and friends. The weather is finally turning a nice springy corner here in Ottawa so I intend to get outside during the day, do some yard work and probably hit the driving range. The evenings will be reserved for a few craft beer and watching my Ottawa Senators in the playoffs. I hope you enjoy whatever you have planned…
Here are my writings for the week:
I believe given the Canadian market operates as an oligopoly buying and holding some dividend paying stocks is rather easy. Then you can consider index investing the rest of your portfolio from around the world.
Also, congratulations to Angela and Thess, winners of the Burn Your Mortgage giveaway on my site. The books are in the mail to you!
Other fine reads…
Andrew Hallam said the best investors don’t even think about the stock market. I try and do that as much as possible: ignore.
Based on this survey most Americans have pathetic retirement savings. More and more it seems there is a divide of “haves” and “have nots” in our society which will not be good long-term.
Boomer and Echo suggested there needs to be an industry financial overhaul.
The Blunt Bean Counter said lifestyle expansion can plague your retirement plan. Agreed. We try and avoid this mistake ourselves by automating at least 10% of our net savings for investments purposes every month. We find it’s far more difficult to spend what is already gone and invested. We also care very little about keeping up with anyone else.
Thanks to Stephen Weyman I discussed how to rebalance your portfolio on HowToSaveMoney this week. Let me know your thoughts in a comment or tweet.
Canada remains in a wild west mortgage market. We hope to pay off our house in the years to come to avoid any real estate financial catastrophe that could be coming. I still can’t wrap my head around the fact that people can afford a $1 million dollar home. There is no friggin’ way we could…
From the oldie but goodie file here are three investing enemies you need to avoid.
Kerry Taylor went off on The Globe and Mail – good on her – why weren’t women on this panel??
Tawcan answered a question I asked here as well: If you’re so smart, why aren’t you retired already?
Get FIRE’d asap wondered if credit cards are the instrument of the financial devil. I will be profiling this blogger next week so stay tuned!
Half Banked offered some budgeting advice.
Canadian Couch Potato shared bond basics. Here were the key takeaways for me (and you): “…the principle is still the same: when interest rates rise, the value of all these underlying bonds will fall in value, so the price of your fund will decline to reflect that. …If you’re a long-term investor with a properly designed portfolio, it never makes sense to sell your holdings based on your feeling about where interest rates are headed, because you have no idea where interest rates are headed.”
Canadian Budget Binder discussed your food budget in retirement. Personally I don’t think ours will change. We will still look for deals where it makes sense, price match from time to time, and try and eat healthy. Keep it simple.