Weekend Reading – Dividends matter, or not; FIRE is saving your brains out, TurboTax discounts and more!
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.
Thanks to a number of new readers who emailed me over the last few months, I put up this post – how and why to consider ditching your expensive mutual funds. I can appreciate the financial industry marketing machines make it difficult at times to navigate the fund products that might be better for you – so hopefully this post helped. Based on the article feedback so far, it seems to have really resonated with some of you. Great to know!
I also continued my series about living off dividends with other bloggers – following updates from The Dividend Guy and another one from Dividend Earner – who is now earning close to $20,000 per year!,
I shared this update below from Dividend Growth Investor (a successful U.S. blogger). Clearly there is a major set of themes emerging with all of us. Dividend Growth Investor highlighted these in his update to me:
“I believe that time in the market beats timing the market.
I also believe that keeping investing costs as low as possible is super important – this includes keeping commissions-free (we are spoiled in the U.S.), avoiding costly advisors, and keeping your taxes as low as possible as well.
The other main factor that is harder to quantify is the motivation – I get it from seeing my dividend income rise over time. I’ve found that dividends are more stable than share prices, and it’s easier to predict your forward dividend income.”
My upcoming February 2019 Dividend Income Update
I’m currently putting the finishing touches on my next dividend income update post – so stay tuned for that!
Enjoy these articles and see you here next week!
This article on Seeking Alpha wondered if you had to place your financial future in the hands of (just) 10 companies – what would they be? Tough call. The world could change so much in the future, but, if I had to make a choice I would probably include a collection of some stocks I own today, things people can’t live without: money/housing/bank stocks; energy/water stocks; healthcare stocks to name a few sectors. You?
A number of changes occurred recently to the S&P/TSX 60 Index and our S&P/TSX Composite Index:
If you really, really want to achieve FIRE – Independent Financial Advisor Darryl Brown has some stark realities to share in this short video – Rob Carrick suggests “…be prepared to save your brains out!!”
Credit Card Genius identified some travel bucket list items to consider and how get there, faster, by owning the right credit cards to accelerate your travel rewards. Bali sounds very nice from this list, given the long, cold Ottawa winter we had!
Rob Carrick suggests RRSPs (as a retirement savings vehicle) are not for everyone. I would agree.
I love dividends but Ben Felix, Portfolio Manager at PWL Capital here in Ottawa reminds us in the bigger picture they DO NOT matter. It’s true. But they matter to me. Check out his excellent video here:
Save, Invest, Prosper!
Thanks to my passion for personal finance and investing, some great companies want to offer deals. As always, never an obligation…
Make sure you look at the top of my Deals page to take advantage of any new promo codes since you can get hundreds if not thousands in cash back when you invest!
Happy investing and see you in the comments section!