Weekend Reading – How not to be stupid, how real estate will correct, the 4% rule could fail 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.
BIG weekend of football folks. I hope to catch a few games while running some errands and getting caught up on things around home.
I would like to be outdoors, walking or hiking or maybe hitting the ski hill for the first time in a long time – but it’s very cold in the Ottawa tundra. I woke up to -20 deg. C without the windchill! I’m not going outside any longer than I have to today…
Here are the articles I posted on the blog this week – this one right below got lots of attention:
Little know facts about Old Age Security (OAS) you need to know. When do you intend to take OAS? As soon as you can? Most Canadians do that for two reasons or a combination of these:
- You are a “money on the table person” – might as well get what you can from the government and/or
- You are a “bird in the hand person” – who knows what might happen in the future including government regulations.
What say you? Have a read and leave a comment. I’m always curious what people think about these government programs.
I shared our 2018 results on our financial goals here. Admittedly, our goals could have been better last year and so for 2019 they will be far more aggressive. I’ll post those next week.
Here are 5 stocks I considered for my TFSA in 2019. I’ve now filled up our TFSA accounts and made many of these purchases. On a side-note, since I’m a dividend investing fan, it was nice to see my first dividend increase for 2019. Canadian Utilities increased their dividend payment by 7.5%. I suspect there are more dividend increases to come in 2019. I hope so – this chart on this page is banking on it 🙂
Here are some interesting reads that caught my eye…
From Farnam Street blog, how not to be stupid. If it was only that easy some days?!
Tawcan delivered some stellar dividend income in 2018. I also watched lots of Die Hard over the holidays – there are Christmas movies right? The race is on Tawcan!
Millennial Revolution recapped their 2018 finances/spending aboard. “Adding in expat insurance from IMGlobal of $781 CAD/$601 USD per couple, that gives us a total of $40,519 CAD or $31,168 USD.” Pretty great considering all the time they spent in Europe (read in higher costs).
FrugalTrader from MDJ highlighted some excellent items for your early 2019 financial checklist.
According to Macleans magazine, this is how our real estate correction begins.
Andrew Hallam told us where the 4% rule could fail investors:
“Never assume that low-inflation rates are here forever. And don’t assume that the stock market will perform splendidly in the future. These are unknowns. As such, it’s prudent to maintain conservative levels of withdrawals. They should be lower than 4% for those who pay high investment fees.”
I didn’t link to this article but according to The Street’s Robert Powell, if you’re planning to retire in 2019 make sure you consider the following:
- Identify your sources of income
- Identify your expenditures
- Identify your risk management
- Retire to something.
Seems like good advice.
Enjoy your weekend and see you here next week when I intend to post some aggressive 2019 financial goals and I’ll give you a chance to win another copy of The Behavior Gap.
Have a great weekend!