Welcome to my latest Weekend Reading edition – some of my favourite financial finds from the week that was. Earlier this week I shared how to transfer SPG points to Marriott Rewards and I also listed a few reasons on this:
Have a great weekend and see you here next week when I’ll share how we save and splurge on vacations.
Mark
Kudos to Tangerine (and David Chilton of course) for the ability to download a free ebook of The Wealthy Barber Returns.
Justin Bender has some “how to” videos in the works – including how to build an ETF portfolio.
Ben Carlson informed us how interest rates relate to stock market returns. Generally speaking, at least this was my thesis, higher rates equal higher future stock market performance. Ben’s article seems to confirm this although he remind us, with rates remaining this low, for this long, we’re into uncharted territory.
Million Dollar Journey shared his financial freedom update. Very inspiring progress as always.
Want to know if your Yahoo email address security was breached? Check out this site to find out.
Michael James on Money wrote about shrinking bonds.
I recently checked out this new site: www.freeretirementplan.ca. Seems interesting. Based on the FAQs on this site, you will obtain a look at your current savings situation and what money you might require in retirement based on your savings. (No affiliation.)
A reminder to check out this Canadian MoneySaver webinar series. Yours truly will be hosting a webinar with my friends from Canadian MoneySaver in November – talking about Canadian dividend stock investing. I’m honoured they reached out to me for this opportunity. Sign up for this event and others!
Dividend Growth Investor wrote about some common misconceptions that come with dividend investing. Here is a summary of what I liked from his article and what I write about on this site:
- Dividend stocks are great vehicle to build wealth.
- You do not need tens of thousands of dollars to start investing in dividend stocks.
- Rising dividends, can help you fight inflation.
- The psychological benefit of earning dividend each month or quarter, may help you stay the investing course when markets get choppy.
Tawcan suggests you create your own happiness.
How To Save Money has some advice for travel hacker wannabes.
Lorne Marr listed some bad habits if you want to keep living. This is, after all, your greatest retirement asset.
Barry Choi has some suggestions about breaking bad money habits. The first starting point and best suggestion in my opinion? You can’t manage what you don’t measure – track your spending.
Mark
My name is Mark Seed - the founder, editor and owner of My Own Advisor. As my own DIY financial advisor, I'm looking to start semi-retirement soon, sooner than most. Find out how, what I did, and what you can learn to tailor your own financial independence path. Join the newsletter read by thousands each day, always FREE.
DG: Most don’t understand the simplicity associated with DG investing. Many just lump it with stock picking. Before discovering DG investing I felt the need to buy and sell, as well as continually looking for good stocks to buy. That all disappeared when I began to follow the DG strategy, instead:
– Finding the stocks which met my criteria became much easier,
– I no longer worried when markets fell,
– I wanted to buy not sell when prices dropped, and
– I found a measurement which I could rely on (Rising Income)
“Stock picking” does apply to some degree with DG investing but I agree, people confuse that with a long-term buy and hold and hold to collect dividend strategy. I feel my investing has gotten easier over time. Buy and hold most of the stocks in XIU, don’t pay any ongoing money management fees to do so, and simply let the dividends flow in for future cash flow. Pretty simple.
Thanks for the mention Mark. In general, if stock markets do well in the next 20 – 30 years, most buy and hold strategies will deliver decent returns to patient investors. It is up to us to take care of our health and make sure we enjoy ourselves
It is interesting to observe interest rates and bonds however – so the two articles you linked to were of interest. If we get a depression, buying bonds would seem like a smart move in retrospect. If we don’t, it would be used as an example of people losing their minds in a bond bubble.
IF we get a depression. I don’t see this happening. There are tons of jobs for Millennials to snap up if Boomers don’t want them.
I would agree….if stock markets even do remotely well in the next 20 years, buy and hold will work out very, very well with dividends compounding.