Weekend Reading – Airbnb bigger than Walmart, keep calm-stay invested, and more #moneystuff
Welcome to my latest Weekend Reading edition – where I share some of my favourite articles from the week that was across the personal finance and investing blogosphere.
Got your taxes done yet?
We completed ours last week. I have a small sum to pay CRA (actually I did that already) and my wife will get a modest refund back next week. I suppose that’s good but bad in another way – since when it comes to any RRSP-generated tax refund you need to remember it’s a government loan. So, we need to ensure we use the refund very wisely!!
Even if there is no RRSP-generated tax refund coming your way this year, because you’re getting a refund back, that’s not ideal. Why? A refund means you gave the government an interest-free loan for the last tax year. At least you’ll know to minimize that for the 2018 tax year!
These were my posts from the last week:
These are some of my favourite Canadian dividend paying stocks (although I own others not to mention some U.S. stocks too).
I hope you have a great weekend and see you here next week!
Interesting article from Andrew Hallam here, about Airbnb becoming bigger than Walmart. To quantify Airbnb growth from the article:
“Thanks to the Internet, Airbnb is now larger than all of the major hotel chains combined.
It might even become America’s biggest job-producer over the next ten years.” Amazing stuff.
ModernAdvisor provided some timeless investing advice – keep calm and carry on – stay invested during any market turbulence. Here are 3 good questions to ask yourself:
- Have your goals changed since last week?
- Has your time horizon changed since last week?
- Has your financial plan changed since last week?
“If the answer to these questions is “no,” then you must now ask yourself another question: If those things haven’t changed, why should your investment portfolio be changed?” Good points.
On the subject of sound money advice, did you know I can get you $50,000 managed FREE for one year?! It’s true – thanks to my offer with ModernAdvisor. You can even take a free trial when opening an investing account with ModernAdvisor.
“Black swan events. Here’s my exhaustive list of black swan risks for the coming year: 1, 2, and 3.”
Boomer & Echo offered some options to manage cash flow in retirement. The approach I am leaning on, or leaning towards at least within the next 10 years for us, is having a good cash wedge in retirement. Basically, you create a sizeable bucket of cash and use that for your living expenses for a year or so. That cash bucket is replenished by short-term investments such as bonds or GICs. Long-term investments stay invested as just that, long-term investments. Profits or withdrawals from those long-term investments are taken as needed. Basically, you create a balanced portfolio of ample cash, ample bonds and stocks to weather various market conditions.
Million Dollar Journey (MDJ) shared his 2018 expense breakdown. I’m continually impressed how little he spends for his family of four. No wonder why he’s a millionaire in his late-30s.
Finally, some great offers to remind you about!
Here is a free trial to unbiased stock and ETF suggestions in Canada. This can help you set-up your new low-cost portfolio and get those investing costs even lower!!
Thanks for being a fan.