Weekend Reading – Best robo advisors, how to spend money, U.S. taxes 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.
These were my articles from this past week:
Plans for the weekend? We’ve got a few things on the books including a garage sale. I just hope it doesn’t rain for it!?
Thanks for all the kind words about the new newsletter. I hope to make it more personal in the weeks and months to come. Reading stuff like this from various readers makes my day!
“Anyways, I just wanted to say thank you. I’ve been reading you since 2013 and I can honestly say that because of you (and Boomer and Echo and CCP) I am 31 and just purchased a new house, I am very financially stable, and on my way to financial independence. Maybe FIRE is around the corner too?”
(I’m a fan of Boomer and Echo and CCP (Canadian Couch Potato) too).
I intend to turn off the old email subscription platform in the coming week or so, so I appreciate your patience with that.
Enjoy your weekend and see you here next week!
Stock Street Blog included my beginner investment book recommendation here along with many other bloggers. I had a long list to choose from but I finally landed on this one.
Thanks to HardBacon (gotta love the name) for including me in this list of top Canadian bloggers and journalists here. That’s cool.
Are share buybacks or dividends better for investors? This article suggests the former although using the S&P/TSX 60 index as one of the three indexes to back-test is probably a flag given more than half of that index (certainly a big part of the top-10) is compromised of financials and energy companies that historically pay dividends.
Sure Dividend listed some U.S. tax considerations for Canadian investors. I generally agree with those rules of thumb:
“We concluded that the best practices are to:
- Hold dividend-paying U.S. stocks within an RRSP
- Hold non-dividend-paying U.S. stocks within a TFSA
- Hold Canadian stocks in a taxable account – especially dividend-paying Canadian stocks, to take advantage of the dividend tax credit.” The only big caveat I would add here is that you should invest in your registered accounts like the TFSA and RRSP, and max them out, prior to taxable investing.
Congratulations to Sylvain who won my gently used copy of Wealthing Like Rabbits. Check your inbox for details since I hope to put this book in your mailbox soon! You can check out my recent interview with the Head Rabbit and author of this book here.
Have a great weekend!