Happy Holidays Weekend Reading – Mastering your money, advice for millennials, financial crisis looming and more #moneystuff
Welcome to my latest Weekend Reading edition – the Happy Holidays edition – where I share some of my favourite articles from the week that was across the personal finance and investing blogosphere.
I got around to posting two articles this week:
This is why my goal to live off dividends remains alive and well. From the article: “I firmly believe our focus on the income that our portfolio generates, instead of the portfolio balance, is setting us up to deliver some reliable income that will complement our small workplace pensions, the ability to work as we please in our 50s and 60s, and cover some basic necessities of life stress-free.”
To all fans of this site – Happy Holidays!
While I might post an article here and there over the break – I want to tell you I appreciate your blog support throughout 2018 and I look forward to interacting with you in 2019. By the numbers, this site continues to grow more over time:
To my family, friends and fine readers who enjoy this site – a very happy holidays to you and best wishes for 2019. We’ll be in touch soon.
Thanks to Rob Carrick for highlighting another blogpost of mine in The Globe and Mail: these are 10 goals we hope to nail in 10 years for an early retirement.
Is value investing dead? I don’t think so. Actually, I think with more people indexing and simply following the herd over time, some stocks that become out of favour will temporarily become more lucrative to exploit the market with. Thoughts?
I’m following a new local blogger – very interesting site. A recent post shared how small habits can make a HUGE difference over time. I’ve been a big believer in making small, incremental changes over time myself. This site is actually part of that journey. The following sums up my thesis on habits very well:
Habits are the compound interest of self-improvement. The same way that money multiplies through compound interest, the effects of your habits multiply as you repeat them. They seem to make little difference on any given day and yet the impact they deliver over the months and years can be enormous. It is only when looking back two, five, or perhaps ten years later that the value of good habits and the cost of bad ones becomes strikingly apparent.
For young investors with a stable income and an ability to either ignore the market or stomach large drops, I see no problem with a 100-per-cent allocation to stocks; that is where your expected returns are highest.
Good luck predicting the financial future! I made a few predictions myself in 2018 and a post in the coming days will tell you how many I got right!
According to recent studies, millennials are taking a pass on stocks to grow savings instead. I have no problem with that really as long as savings don’t always trump long term investing.
Master your money in 2019!
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Want to get closer to building your $1 million dollar portfolio next year? This post will tell you how to do it. Part of the secret sauce is just four ingredients:
- Start saving early, preferably by your late-20s and never stop.
- Use registered accounts for investing.
- Focus on investing in equities.
- Keep your money management costs low.
You’ll find dozens of articles on my site about all of these bullets and more. Search away! If you don’t mind exactly what you are looking for – let me know. I’m happy to put a post together that discusses information you might need.
Best wishes again.