Weekend Reading – Giveaway reminders, best ETFs for 2019, best hotel rewards programs 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.
Busy week away from the blog for me, but I did manage to post this impressive financial journey update from Million Dollar Journey. He has already realized his million dollar net worth goal, before age 40, and now he’s on the fast track to financial independence within the next few years.
TurboTax Giveaway Reminder!
Thanks to TurboTax Canada, I just received my 2018 tax refund – to the penny. The software did all the heavy lifting for me. It can do the same for you.
Even if you don’t win – here is my special for My Own Advisor readers – click the banner to get a 20% discount for your TurboTax use this year.
Have a great weekend and see you here next week when I’ll have new articles to share.
A big thanks to Jordan who highlighted my blog as one of the best in Canada to follow. Thanks very much and looking forward to having you on the site for an investor profile soon!
A MoneySense panel released some of their top picks for low-cost ETF investing. Overall, I like their selections, not dissimilar to the funds I’ve had on this page for a few years here:
For investors that don’t want to invest in dividend paying stocks like I do (totally fine, there are risks) I encourage you to read up and learn about low-cost ETFs for your portfolio including those on my ETFs page so you can pay less, get better long-term returns, and be more tax efficient. You probably only need 2-3 funds to own a diverse portfolio of stocks that could see you deliver about 7-8% returns over decades of investing with very little monitoring. That’s damn good since it means your money should double every 10 years.
The MoneySense panel also shared some interesting desert island picks! (Image from article)
That begs a question: readers – what one fund or stock would you tend to own forever? For me, I think it would be one of these new all-in-one funds here (VEQT). With VEQT, you own > 12,000 stocks! I would probably own Johnson & Johnson (JNJ) stock forever; I’m close to owning a couple hundred shares accumulated over almost 10 years of investing in JNJ (and I have no intention of selling JNJ anytime soon). It has returned over 100%. You can see other stocks in my buy-and-hold portfolio here.
Robb Engen teamed up with Barry Choi to highlight some hotel rewards programs worth looking into. Around our house, we use Marriott and Hilton programs – we might have a free hotel night/stay for each program now but I’d have to double check. I find it takes forever to accumulate enough points for rewards.
Impressive stuff by this 30-something couple who spend $1,000 per month on golf and still have money left over to invest in their kid’s education, and save for retirement. If they can max out their RRSPs and TFSAs in the coming years, and continue to do so by age 55, they’ll be golden…
Bond funds or GICs? Ben Felix has some great answers in this 14 min. clip. I agree with his plain language explanations:
- GICs are great for known expenses at known future dates (e.g., I need money exactly one or two-years from today).
- Bond funds, including bond ETFs, are great for longer-term investing horizons; provide great liquidity for portfolio rebalancing, and provide some opportunities for fixed income exposure beyond Canadian borders if you want to do that.
Save, invest, and prosper this spring!
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