Weekend Reading – Best dividend stocks, juicy yields, ICOs, millennials and more #money stuff
Welcome to my latest Weekend Reading edition folks.
Here is my lone article from this past week: I recapped the Equifax cybersecurity breach – and what you can do about it – now that potentially some of your personal data is in anyone’s hands!
Enjoy the best of the rest!
Investing guru Norm Rothery listed Canada’s best dividend stocks for 2018. It would be worth checking out his selections. From the article:
“If you had purchased an equal dollar amount of each A-graded Dividend All-Star and rolled the proceeds into the new ones each year, you’d have gained a total of 178%, including dividends, since we started way back in 2007. Similarly, a portfolio of A-and-B stocks would have climbed 119%. By way of comparison, the S&P/TSX Composite Index ETF (XIC), which tracks the broad Canadian stock market, lagged with a total return of 47% over the same period.” Impressive.
One of my favourite bloggers Million Dollar Journey wrote about taking the commuted value (of a defined benefit pension) over the guaranteed value. Given the current interest rate environment (commuted value goes up if interest rates go down or stay low) I think he and his wife made the right choice – he likely got top commuted value dollar.
Steadyhand told investors not to focus on juicy yields. I largely agree with this:
“If you have a strong affinity to yield, your portfolio can be tilted toward higher yielding securities, but do so judiciously. Don’t go overboard.”
What the heck is an ICO? Read on to find out.
This 30-something millennial couple should be learning that: to generate enough investment income to reduce their work, by their mid-50s, without compromising their lifestyle and retire at the age of 60 with $120,000 a year, after tax – is simply a dream. They have liabilities close to $900,000…
From my oldie but very goodie file: what should my financial plan cover?
Sure Dividend said “it depends” when it comes to investing (in stocks) or paying down debt. That’s the right answer for most people. We happen to do both. This way we don’t have to worry about the debate.
Freedom Thirty Five Blog listed some investment objectives. I certainly agree with this: “…over time, in preparation for retirement, my investments will focus more on income and capital preservation, and less on growth and speculation.”
Tawcan believes if you want to increase your net worth – strive for high efficiency in everything you do. That includes being efficient with your home operational expenses (heat, hydro, gas, water) and other basic necessities.
Rob Carrick wrote this recently – something I’ve often thought about – why using just your home is a really bad idea for retirement.