Weekend Reading – Eating your own cooking, promo codes for investing, wealth-killers and more
Welcome to my latest Weekend Reading edition where I share some of my favourite articles from the personal finance and investing blogosphere.
Amongst some late nights at work to wrap up a project within the month, my final round of men’s night golf (where we shot -9 (63) in a four-man scramble), and running some errands, I managed to squeeze in this post:
Slowwww and steady we roll.
Any big plans for your Thanksgiving weekend? We’re looking forward to some downtime and seeing family. I hope you have an enjoyable weekend too.
See you here next week where I intend to link to a MacBook giveaway!
Passive Canadian Income shared his dividend income update. He has a year-end goal of earning $15,000 per year in dividends. Wouldn’t that be great? I hope he nails it.
Interesting fund but certainly one I wouldn’t invest in. The money management fee is 0.55% and the fund has only 6 holdings – all Canadian banks. Who buys this stuff? I would rather own these companies directly, wouldn’t you?
Meb Faber is eating his own cooking – investing most of his money in just one fund. Sadly and not really surprising from Meb’s article: “Half of the 15,000 mutual funds in the US are run by portfolio managers who don’t invest any personal monies into their products.” Ouch.
Rob Carrick believes the #1 wealth-killer might be a car payment. After a long-term mortgage, I would say he’s probably right! From the article: “Can’t find money to save for retirement? How about buying a cheaper car and directing some of your car payment budget to savings?” I hear ya. I drove this beauty for almost 18 years.
Investing deals for My Own Advisor Readers – take the free cash!
Use my promo code MYOCASH with BMO, so I can provide you with hundreds of dollars cash back when you open a BMO InvestorLine self-directed account.
Use my 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.
On the topic of saving money, here is a free trial to unbiased stock and ETF suggestions in Canada. Take advantage of this trial to learn about the best low-cost ETFs for your DIY portfolio with no obligation.