Welcome to some Weekend Reading folks, helping you save, learn and prosper here on My Own Advisor.
This week I shared some of my favourite, low-cost equity Exchange Traded Funds (ETFs) and thanks to my friends at TurboTax Canada I’m giving away a bunch of online tax codes for you to use this tax season.
Next week I hope to post answers to some reader questions about my dividend investing journey so stay tuned for that. Until then, kick back, relax and enjoy these articles from the personal finance and investing blogosphere. Thanks for reading and sharing.
Jim Yih wrote about six good things you can do with your RRSP on BrighterLife.ca.
Young & Thrifty provided a review of the MoneySense Guide to Retiring Wealthy.
Simon from Sustainable Personal Finance has a smart strategy for PayPal currency exchange.
Readers of this site have been emailing me about some good books to “get started with saving and investing”. Although this ebook was written targeting Millennials I believe the concepts are excellent for all. Check out a link here to If You Can: Millennials Can Get Rich Slowly by William Bernstein. I had a review of his book here.
Stephen Weyman reviewed this BMO credit card.
Dividend Diplomats provided a list of stocks that should increase their dividends soon.
Boomer & Echo wrote about the problems that come with core and explore.
Kevin Press has a take on why the Bank of Canada rate cut made sense.
Preet Banerjee told us regardless what the Bank of Canada does when it comes to rate changes, your financial fundamentals should never change: “run a surplus, use debt wisely and responsibly.”
Based on older 2011 U.S. Census Bureau information, here is U.S. net worth by age and quintiles. For U.S. residents it was interesting to read for age 65, you’re in the 50th percentile if you have about $170,000 net worth. That doesn’t seem like very much to live from in your golden years.
Dan Bortolotti wrote there are incorrect ways to think about withholding taxes.
Michael James on Money shared some entertaining replies from his outbox.
My friend the Digital Nomad Andrew Hallam wrote a fine post about how too many investment choices tend to limit our wealth. This point was key for me from Andrew’s article: “I show readers which ETFs to buy if they want to build portfolios with cap-weighted funds. I also show how to do the same thing with fundamental indexes. For variety, I then show how to follow Harry Browne’s Permanent Portfolio model. Nobody knows which type of portfolio will outperform the others. So my advice was to choose one method…and stick to it.”
Big Cajun Man is wondering when the financial Fit Bit might hit the market.
If you’re looking for some fit stocks look no further than 5i Research on my sidebar – every 5i subscription also receives a free Canadian MoneySaver special edition of “Young Money” (affiliate).
Tawcan shared how he got started with dividend investing.
I enjoyed this article about trying to avoid a huge tax refund. My wife and I seek to earn a small RRSP-generated tax refund every year and then reinvest the refund back into our RRSP accounts or use the money to pay down our mortgage.