Weekend Reading – Beating the TSX, Desert Island ETFs, FIRE ingredients 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.
I got around to posting this article this week:
The driver for that post was deeper thinking about my own draw down plans in the coming 5-10 years, or sooner (!), and trying to figure out the best way to earn income from my portfolio while ensuring I don’t keep assets/capital intact unnecessarily for any large estate.
I have some ideas on what we will do but I’m still working those out. I’m 45, I have time I think.
Next week I intend to have an update from this previous freedom 50 post, so I’ll have more to share then!
Have a great long weekend, enjoy my takes on the articles I read below.
What money strategies should this young couple take? I think killing off debt more aggressively would be a big one. I can’t imagine having kids and owing more than $500,000 in various debts. I wouldn’t be able to sleep. Could you?
Million Dollar Journey shared some background on a strategy known as “Beating the TSX”, including the Canadian stocks you should pick in 2019 to do so. My take? I own all these stocks already (and I’ll continue to hold them for years on end unless dividends are cut). This way, without selling them, I avoid transaction costs; I’ll collect my juicy dividends, and I don’t need to worry about timing the TSX. I think FrugalTrader follows the same approach.
That said, you can read up here how Ross Grant is a big fan of this approach and how it paved the way to his early retirement. Kudos Ross. I hope to have you back on the site soon.
Credit Card Genius shared some tips on getting great deals and using less miles from Aeroplan.
I enjoyed these “desert island” ETF selections on MoneySense. I think my personal favourite is the VEQT fund that Robb Engen picked. I mean, to own > 26,000 stocks from around the world for a fee of 0.22%? This is one of many great, new all-in-one ETFs you can own.
On the same FI theme, Retire by 40 listed his ingredients for financial independence. I was glad to see “good income” was on his list, because it’s very difficult to save for retirement let alone reach financial independence in your 40s if you don’t have a solid income to start from.
What should I do with my inheritance? I won’t be getting one and not planning for it!
Save, invest, and prosper in May!
Get FREE ETF research advice – take advantage of this free trial for some of the best stock and ETF research available in Canada.
Need low-cost investing guidance? Not ready to invest alone yet? ModernAdvisor can definitely help – my partnership gets you $50,000 managed FREE for a year.
Use my Bank of Montreal promo code MYOCASH, so I can provide you with up to hundreds of dollars cash back when you invest with them.