Weekend Reading – Financial literacy month, happy employees, Apple news and more #moneystuff
Welcome to my latest Weekend Reading edition where I share some of my favourite articles from the personal finance and investing blogosphere.
Want to Beat The Bank like Larry Bates? If so, consider embracing wealth builders such as investing amounts, time in the market and rates of return. On the flip side, stay as far as you can away from wealth killers: money management fees, taxation and inflation. Any one or more of these things are wealth destroyers you will need to fight against as you work through your investing journey.
Next week, I plan to share my latest dividend income update and in future posts, I will share some Canadian stocks that pay dividends in U.S. dollars – so don’t miss out on those articles!
All the best and Gooooo #REDBLACKS tonight!
Personal finance is a big stressor amongst Canadians – “…a startling 44 per cent of Canadians believe their financial situation negatively impacts their mental health, according to a recent survey…”. To help you overcome those stressors, be more money savvy, the Financial Planning Standards Council (FPSC) has launched a special section of its Financial Planning for Canadians website to get Canadians ready for Financial Planning Week, which runs from November 18 to 24. New site content is now available on the Financial Planning for Canadians website for you to read and share online. The 2018 Money and Mental Health survey (on that site) revealed that millennials and parents with young children feel the need to keep up with their peers financially. Heck, so do I sometimes…
Staying with studies and surveys, a recent study identified what keeps employees happy. While money is always near the top of the list, it’s never at the top. Having a “partner boss” is. What is that? Partner bosses already know, they:
- Share their vision, including celebrating wins.
- Respect other people’s time, including no needless meetings without agendas.
- Set priorities and make decisions. Because if everything is a priority, nothing is.
- Share information liberally, their bias is towards sharing as much as possible when possible.
- Demonstrate empathy.
- Accept blame and share credit.
- Model ethical behavior.
Apple continues to make big bucks….I think they have earnings something like $100 million per day?! However, some analysts feel Apple has something to hide. (I’m an Android guy for the record.)
Andrew Hallam, a very wise digital nomad, wrote:
“The Permanent Portfolio’s long-term stability might keep investors on track. It won’t make as much money as a pure stock portfolio when the market soars. Long-term, it has also underperformed a portfolio devoted to 60 percent stocks and 40 percent bonds. But because most people speculate as a result of fear and greed, Permanent Portfolio devotees will likely beat them anyway.” How is your portfolio constructed and how does it compare with permanent portfolio returns? I benchmarked my portfolio here and will do it again at some point.
Last but not least, I’m disappointed I can’t make the Canadian Personal Finance Conference this weekend due to other commitments but I’ll looking forward to following along via Twitter. For those that don’t follow me on Twitter yet you can do so here!
Partnerships and Deals
Thanks to my passion for personal finance and investing, some great companies reach out to me and provide reader offers. I’m happy to share those below from my Deals page:
- As a My Own Advisor reader you get full-access, for FREE, to all of 5i’s research reports, all the model portfolios, top companies and best ETFs to own.
- You can use my promo codes when you invest with BMO to save hundreds of dollars right away!
- You can get $50,000 managed free with ModernAdvisor.