Weekend Reading – Market noise, dividend stocks, new TFSA limits 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.
This picture was taken this morning. Ah, here comes winter – whether we want this weather or not!
Earlier this week I took some Cashflow Cookbook recipes to heart to see how some financially healthy eating might improve our portfolio. I was pleasantly surprised when I baked the results: $250,000 more over the next 20 years. That’s a LOT of money/savings.
I also wrote about how insane it is to think you need $5 million to retire. I mean, I suppose “it depends” on what you want to spend, your health care situation, other; but for 99.999999% of us you’ll never need that much. I suspect even half that amount in your 50s and 60s and you’re living extremely well. You can check out my Retirement page where I’ve done some calculations for you. There are also retirement essays and stories on that page from successful retirees – so you can compare notes with your plan. Check it out!
Enjoy these articles and see you around the site!
Tawcan wondered what happens if FIRE (Financial Independence Retire Early) doesn’t work out for him? I think he’ll be just fine! Interesting thought but I know for us, we’re not consumed by this mania amongst some. To be honest, if we really, really wanted to “retire” in our 40s we probably could have – with many sacrifices though. We weren’t (and still are not) ready to make huge financial cutbacks for any FIRE stuff and this post highlighted that.
This former economics professor has gravitated to owning REITs (Real Estate Investment Trusts) and dividend paying stocks to fund his retirement. From the article, the investor: “I believe it is best to pick well-managed companies with low debt, good earnings, solid dividends and upward trends in stock prices. But as one approaches retirement, it would be better to shift more into higher-yielding dividend companies.”
Apparently…67% of workers making over $100,000 per year see themselves quitting their current job – in the next six months. Why? “With an incredibly strong employment market, more professionals than ever are on the lookout for a better future.”
Tom Bradley believes the latest market noise is not normal.
Here are some massive energy Canadian dividend stocks. I own a few of those but not all of them and I don’t intend to own more in the short-term.
We are not producing enough fruits and vegetables to fuel our growing global population. “If we want to move forward to feed the future … and we want to be healthier and we don’t want to increase the amount of land that agriculture uses, we both have to shift to a Harvard Healthy Eating Plate model and we have to shift our protein consumption away from livestock-based to plant-based…”