Cheers to another summer weekend folks, and some fine Weekend Reading. Earlier this week, the comments flew in on this post about the markets blowing up and based on reader questions and the curious minds that visit this site I discussed how I manage my DIY stock portfolio.
We have some entertaining planned and plan to be entertained as well (going to my #REDBLACKS game) this weekend so whatever your plans are I hope you have fun.
Here are some of the top paying jobs in America.
Big Cajun Man wrote about the challenges of changing banks. It’s absolutely a PITA in my opinion.
Dan from Our Big Fat Wallet wrote about super savers. He cited one family in Ontario has become the example of a super saver family – paying off their mortgage while raising 3 children. They save up to 70% of their net income. That’s very high and we’re nowhere near saving that much, we spend much more.
Is gold a good investment over stocks, bonds and real estate? Larry Swedroe says no.
Baytex recently suspended their dividend. I suspect more oil and gas companies in Canada might be doing the same in the coming months. I probably need to index investing more.
Royal Bank and CIBC increased their dividends this week.
Robb Engen shared his biggest investing mistake…lack of planning. We’ve all been guilty of this…
Rob Carrick told us cheap mortgage rates don’t justify home ownership. This is because the gap between rental rates and purchase costs remain large in many cities. That’s not really the case in Ottawa.
Steadyhand had some advice for down markets.
Tom Drake outlined some risks associated with leveraged investing.
Mark
My name is Mark Seed - the founder, editor and owner of My Own Advisor. As my own DIY financial advisor, I've surpassed my goal and now investing beyond the 7-figure portfolio to start semi-retirement with. Find out how, what I did, and what you can learn to tailor your own financial independence path. Join the newsletter read by thousands each day, always FREE.
While being a super saver is nice, it’s important to live in the moment as well. You don’t want to live out your life is a pauper, only to live like a king for a few years in retirement. It’s all about finding balance.
Fair point Sean. We definitely spend money, don’t worry!
Yes, changing banks can be a pain in the butt, but it is a necessary evil, since there is no such thing as customer retention in Banks, or most other service companies (sorry to say).
I think it really depends “who” you deal with at big banks. I’ve been fortunate for the most part although I have my horror stories! Enjoy your weekend.
Thanks for the mention Mark, enjoy the football game this weekend!
Always a good time at the game!
Some nice reads here, Mark. Thanks for sharing.
Enjoy the Redblacks game this wknd.
R2R
Should be fun!