Weekend Reading – #BlackFriday deals, millennial struggles, bulldozing 24 Sussex, financial values and more #moneystuff
Welcome to my latest Weekend Reading edition where I share some of my favourite articles from the cold, cold Ottawa tundra…the week that was…across the personal finance and investing blogosphere.
I posted a recap about my CIBC stock purchase going back almost a decade. Read on about buying and holding CIBC then and now.
Math person? Don’t care about crunching some retirement numbers? Too bad. I think you should. Here are some reasons why I believe it’s never too soon to do some retirement math. Check out that post where I link to some FREE calculators to help you out. We all love free right?
Happy Thanksgiving to my American friends. I appreciate your ongoing and growing support of the site!
Shopping for any #BlackFriday deals? Nah, me neither. I mean, my wife got some Christmas shopping done recently but when it comes to flyers, online marketing and spending tons of cash on stuff I don’t need – nah. What are you shopping for this weekend?
Best wishes and see you here next week when I intend to write about some stock considerations for 2019!
Tom Drake talked with Bob Lai about FIRE. I liked Bob’s final take… “my life path is different than yours.” Simply said, life is all about choices at the end of the day.
Here’s my take on FIRE. “In my early 40s now, I value and appreciate time more. FIRE is something I’ll continue to read up on and give some consideration to but my wife and I are not ready to make any radical changes. More time and freedom would be great but instead of rushing towards this we’re more or less inching our way in this direction – enjoying the journey.”
Interesting article from the Globe and Mail recently – this couple starting saving late in life and wonders if they can still realize some retirement goals. First things first, forget U.S. real estate if your principle residence and Florida condo is more than 75% of your net worth. That makes no sense to me. You can live off your net worth. I explained why your home let alone a condo if you can’t afford one isn’t a good retirement plan here.
I enjoyed Andrew Hallam’s post about retirees and millennials in a massive tug of war. Andrew wrote: “Millennials invest in much less fertile ground. Today, U.S. stocks trade at nosebleed levels. The S&P 500 has a dividend yield of about 1.88 percent. That compares to a dividend yield of more than 4 percent in 1983. Today’s interest yield on a 10-year Treasury bond is about 3.2 percent. That compares to a 10.46 percent yield back in 1983.” Fair, but let’s not forget this is the golden age for investing. Money management fees have never been lower. The array of investing options has never been wider. You don’t have to buy a house to build wealth. Options abound for many millennials – you have the internet growing up. I didn’t. I couldn’t make money using Atari.
Save your money!
Use this page on my site to own the best low-cost ETFs. Less money management fees – more cash for you. It’s that simple. If you want unbiased, FREE advice, take advantage of this free trial to some of the best stock and ETF research available in Canada. Again, free folks.
BMO has been kind to My Own Advisor readers:
- Use my promo code MYOCASH with BMO, so I can provide you with hundreds of dollars cash back when you invest with BMO.
- Use promo code MYOSF for a special offer when opening your BMO SmartFolio account. In doing so, you won’t pay fees on your first $15,000 invested for a year.
From my oldie but goodie file….are you living your financial values? Do you have any? If not this post will be helpful. I hope to revive this post in the coming weeks so stay tuned.
This NY Times article suggested our Prime Minister’s residence needs a major makeover. I agree. But for whatever reason, the article pegged “…the current cost estimate to deal with everything (excluding security upgrades): 38 million Canadian dollars, or $28.7 million.” WTF? Bulldoze the place and re-build for 1/3 the cost – that would still be palatial. That is insane.