Weekend Reading – How to manage income needs, disclosure vs. transparency, save money on flights 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.
With a busy week at work, my men’s night golf earlier this week, and other obligations on the go I only managed to sneak in one blogpost this week – reviewing my purchase of Fortis many moons ago here.
Like I mentioned last week, in the coming weeks, I have a number of podcasts coming up that I will contributing to. Thanks to those bloggers and various media channels for reaching out to me – to get my take on various personal finance topics including how we’re realizing our financial goals…so stay tuned for those updates!
Check out these articles…
Fred Vettese, author of Retirement Income for Life, and a partner at Morneau Shepell Inc. in Toronto suggests you consider different spending and expense patterns in the following decades to better manage your retirement portfolio: the 60s are ‘go-go years’, your 70s are ‘slow-go years’, and finally your 80s and 90s are the ‘no-go years’. In those ‘no-go years’ expenses are likely to increase given any long-term care needs.
As you know, I love to giveaway books here. This is one that is worthwhile for any beginner investor: The Smart Debt Coach. I reviewed a copy of this book here. Enter for your chance to win this book!
Partnerships and Deals!
Thanks to my passion for personal finance and investing, some great companies want to offer deals. As a reader, you might as well take advantage of them although there is never an obligation.
Check out my Deals page for a collection of discounts you can’t find anywhere else.
Happy Investing!
Mark
Other reads…
How To Save Money highlighted 13 ways to save money on flights. I would agree with most of these, I use these tactics myself:
- Book overseas flights >3 months out.
- Book domestic flights or shorter-haul flights >8 weeks out.
- Tuesdays and Wednesdays are less expensive days to fly so we book on those days where we can.
- Google and apply coupon codes.
- Use travel aggregators like Skyscanner to compare flights, then book with the airline directly to take advantage of any price guarantees or price drops.
- Book morning or evening flights. Everyone wants to travel during mid-day.
Want to retire early? In 10 years? Follow these steps. I’m going to consider a post about how well we stack up on these principles (or not) in the coming weeks…
Enjoy this Weekend Reading edition and see you around the site!
Mark
Is it a good time to buy banks now or should I wait for a pullback? They just seem to keep climbing higher!
I wish I knew how to predict the future Jill 🙂 Yes, it seems like stocks will continually climb higher over time if that’s any indication.
I usually go by when the dividend is declared. CM and RY release their quarterly report this week (22 & 23) and I’m hoping that both will indicate increases payable in the fall.
I hope so too Lloyd – it would be nice to see a dividend hike!
CM and RY come out on Thurs 23rd….maybe a decent chance of a dividend increase.
Bring ’em on!
RY has had 3/yr last 6 yrs but only 1 in ’18 so far, so almost certainly a raise coming here. .03 or maybe even .04/ qtr!
CM more irregular but none yet ’18 so probably, or/and possibly another in 4th qtr!!
CM had an increase this spring.
I don’t believe RY has had quite that many increases. It looks like every second quarter in the recent past.
http://www.rbc.com/investorrelations/common-dividend-history.html
Exactly, twice per year, or every second quarter.
Ha down for the count. You’re not drinking like me now. Good thing…..
Right on CM. Should have looked and not relied on faulty memory lol
+3 cents in apr vs Jan 18
BMO has an increase this month, CM & BNS should increase next month and RY in Nov
Sorry CM & BNS in Oct.
BMO increased their dividend in May. Not happening this fall I don’t think.
BNS and CM both increased their dividend in Feb. 2018. CM is definitely due given their high EPS and current P/E.
RY increased their dividend by 3% in Feb. Likely another hike before next year.
TD will likely hold the course, very conservative, they last increased in early March I believe.
EMA, ENB and FTS are due to increase their dividends later this fall 🙂
I agree on BMO.
My guess both RY and CM will announce raises this week. Will there be splits for shares next few years?
TD dunno (don’t own..yet)
Yes, 4.9% announced for EMA; ENB probably announce in Nov? payable ’19; FTS announce in 2 mths? payable Dec 17.
BNS guess yes for 4th qtr
You guys are more tuned to it then me however!
Geez, I missed EMA 🙂
https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/emera-announces-q2-2018-earnings-increases-dividend-and-updates-dividend-growth-guidance
Nah, not more tuned in…I just happen to guess more often and write about it!
https://www.myownadvisor.ca/2018-predictions/
I have to update that post this fall.
Yeah, the guidance kinda hammered the stock, but recovering up some. Bought some more on the drop but didn’t catch it nearly low enough…
Guess RY came through with 4 cents qtr ~4.5%. Nice. CM soon.
I just read that 🙂
https://www.theglobeandmail.com/business/article-rbc-kicks-off-big-bank-results-with-record-quarter-dividend-hike/
Nice. Another $20 per year in dividend income for doing nothing.
Mark: BMO increased in Feb, not May and increased in Aug also. NA did in Feb & Aug. Expect BNS, CM & RY to have their second increase as well this year.
Fair, I must have some incorrect data in my spreadsheet. It will be interesting to see what BNS, BMO and TD do next week!
I read what Fred V. said on spending on the different stages. I’m on board with what he’s saying and planning for the same thing.
Still being in our my 50’s and retired for 4 & 6 yrs I guess maybe we’re in the go-go-go stage. Ha
Good points on disclosure, transparency and trust.
Go-Go travel is right!
9 more sleeps and then 9 new countries!
Running is coming back some. Joined a relay race team for shortly after we return. http://www.rumrunnersrelay.ca/
Go go go!!!
Great stuff.