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Weekend Reading – The Hunt for Mid-October Edition

Geez folks, hard to believe how fast another week goes.  Summer turns to fall very quickly, I can’t believe we’re in mid-October already. 

Far beyond any stock, bond or paid off home could ever offer, or any other financial “thing” for that matter, time is really our most precious commodity.  You could have unlimited food, wisdom, material goods, wealth or anything else but it means very little if you don’t have time on your side. 

As I get older and become more reflective (or philosophical like my close friends) I hope to balance my time to a greater degree.  Focus on the things that are important and worry less about the things that don’t.  I guess I’m not really hunting for mid-October this weekend, it will come and go whether I want it to or not ;)

Wherever and however you spend your time this weekend, I hope it’s rewarding for you.

Here’s the weekend reading friends!

Canadian Mortgage Trends told us about the class action lawsuit filed against CIBC mortgages on prepayment penalties.  CIBC can’t be the only culprit here!

Susan Brunner continued her review of well-known oil and gas companies, with a detailed analysis of EnCana.

Canadian Capitalist reminded us that currency unhedged portfolios are less volatile.

My University Money reviewed The Wealthy Barber Returns.

Canadian Couch Potato said so much for the consensus view.

Jim Yih wondered if you have a money mentor?  My answer to that is, not really Jim although I do rely on the personal finance and blogging community quite a bit!

Million Dollar Journey provided a primer on closed-end funds

Hurry folks, because Krystal Yee is giving away four (4) autographed copies of The Wealthy Barber Returns!

Boomer & Echo discussed step 4 in the MoneySense article 11 Steps to Financial Freedom.

The Wealthy Canadian provided readers with 10 tips to advance your investment objectives.  TWC also wrote a lengthy and very detailed post about becoming an index investor.  I’m looking forward to Part 3 of 3 in this great series!

Canadian Finance Blog informed us how rising interest rates might affect his variable rate mortgage.

The Big Cajun Man said September 2011 labour numbers look optimistic.

Mich from Beating The Index sold Daylight Energy and made a very healthy profit in the process!

I was fortunate to receive some free analysis of our financial goals from Michael James this week.  “Free” and “analysis” are words that typically don’t go together these days.

SPF said put your money where your values are!

Dividend Mantra provided readers with a dividend income update for September.  I need to do that!

Ed Rempel wrote a nice tribute to Fraser Smith on Million Dollar Journey.

Young & Thrifty provided readers her net worth update for October.

Dividend Monk provided a thorough stock analysis of Medtronic.

Dividend Guy Blog told us how he beat the market with dividend trades.

Preet Banerjee asked when the market tanks is it time to bail? 

Dividend Growth Investor provided 10 high dividend growth stocks for long term returns.  I’m surprised AT&T didn’t make the list but his previous post might have provided reasons why that company and Coca-Cola didn’t make his cut.

Barb Friedberg wrote a nice lil’ post about what vacations can teach you about financial markets on Dividend Ninja.  Nice stuff Barb!

Larry MacDonald wrote about the welfare state and debt.

Have a great, safe and healthy weekend gang.  See you next week!

Filed in: Weekend Reading

17 Responses to "Weekend Reading – The Hunt for Mid-October Edition"

  1. Optimistic, for now, at least, enjoy the fall colours, they seem to be washing away here.

  2. Time is flying Marc, and it will fly faster if you have kids :)

    Thanks for the mention and enjoy your weekend!

  3. Thanks Mark! I know, I can’t believe it’s mid-October and 2011 is going to come to an end soon. Time flies.

    I think it is very important to stay balanced though we always seem to spend our time in pursuit of money- I’ll quote a quote I saw on facebook this week (and LOOOOVED IT!) from the Dalai Lama:

    The Dalai Lama was asked what surprised him the most;
    he said, “Man, because he sacrifices his health in order to make money.
    Then he sacrifices money to recuperate his health.
    And then he is so anxious about the future that he does not enjoy the present;
    the result being that he does not live in the present or the future;
    he lives as if he is never going to die, and then he dies having never really lived.”.

  4. MOA Thanx for the mention on Barbara’s article! LOL yes it is October, apperantly tonight its going down to 3 celcius in Vancouver – that is kind of close to freezing isn’t it?

    Have a nice weekend,

    Cheers
    The Dividend Ninja

  5. I agree. Time is by far and away the most precious commodity. It can be afforded to those who are smart enough to “buy it” for the future by being thoughtful today. In the end, no matter your financial means, it’s always important to balance things.

    Y&T: I liked the quote above. Good stuff!

    Thanks for the mention! Have a great weekend Mark.

  6. Lazy Investor says:

    Next week will be busy on WS, isn’t? Earnings from US Banks and Apple, Yahoo, MS, etc.
    Funny how they make us think low term…
    As for me, I sold all of my XSP ETF friday @ 14$ (because readings about vanguard and the little profit :). Now looking for one dividend-paying stock instead of ETF’s.
    Really hesitating between KO (Warren’s speach got me on that one) and a few others! Like the canadian railway one… I should stop stressing and losing my time, pick one, set it and forget it! (And re-read that quote from the Dalai Lama).

    • @Lazy,

      Ha…yeah, it should be an interesting week on WS.

      You brought up a great point about WS. THEY want you to think short-term because trading makes money, buy and holding great companies that have a history of paying dividends until something significant in the business or its earnings change, do not make anyone money but YOU.

      Here is an article about XSP vs. VTI, otherr ETFs, you might like:
      http://www.canadiancapitalist.com/a-tour-of-etfs-vanguard-total-stock-market-etf/

      Don’t get me wrong, I like ETFs for my investment portfolio; most of my RRSP has ETFs but I like to balance that account with other accounts that have dividend-paying stocks.

      Are you looking U.S. or Canadian for your purchase?

      I don’t know if this helps, but I like to look at the 52-week lows and highs for an estimate on whether it’s a good entry point. You can find that information on my stock screening sites:

      http://www.tmx.com

      Great quote for the Dalai Lama wasn’t it?

  7. Lazy Investor says:

    I am using this tool too: http://www.globeinvestor.com/v5/content/filters
    Focusing on dividend yield.

    It’s for my RRSP so I don’t mind even though I’d prefer Canadian.

    Great quote! Howewer it’s not easy to enjoy the present with such a weather outside!

  8. Lazy Investor says:

    Edit: I’d prefer American*

  9. Tom Drake says:

    Thanks for mentioning Robb’s post in Canadian Finance Blog!

  10. I love the title for the post! I chuckled when I first read it.

    You’re absolutely right in that we can’t place a value on time. We really can’t get back what the clock ticks away. I like Y&T’s quote from the Dalai…makes you think.

    Yet another fantastic round up MOA. Thanks once again for the mentions. :)

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