Welcome to some new Weekend Reading folks. It’s been a busy work week so I haven’t had a chance to read as many articles as I would have liked – but that’s life. Earlier this week I shared my two-part interview with indexing guru, author, writer, speaker and all around good guy Andrew Hallam. You can check out my interview starting with this post here.
Have a great weekend and enjoy these fine reads – see you here again next week.
Mr. Money Mustache has a cult like following and I can see why. Pretty good and interesting essay here as Pete opens up for The New Yorker.
Here’s the latest Forbes money list of I-have-more-money-than-I-can-ever-spend: Billionaires.
The Blunt Bean Counter beat me to a post, he provided an overview of the Ontario budget.
Larry MacDonald profiled this young investor who recommends to others: don’t trade like I do.
This article lists how 27 financial experts suggest to invest. Thanks for including me.
Preet Banerjee had a fine interview with Michael Katchen, CEO of one of Canada’s leading new financial service companies: Wealthsimple. I found Michael’s answer to acquiring ShareOwner interesting: it’s partly about maximizing the client experience but it’s also about costs – keeping them low via total control over the end-to-end brokerage chain.
Kerry Taylor argued if you can predict the future the TFSA is better than the RRSP. Or the other way around, the RRSP wins. Actually both win, meaning, use both if you can and forget the debate.
Michael James on Money had a sensible take on a recent article to downgrade the importance of retirement savings.
Alberta Works staff are starting to turn away people looking for work.
Dividend Hustler shared his impressive February dividend income report.
Susan Brunner shared some insight into her portfolio – one whereby she lives off dividends.
Big Cajun Man likes using Venn diagrams to share financial web page usefulness.
Young & Thrifty provided a few things that affect your credit score. The big ones? Payment history, credit history and utilization of existing credit.
Last but not least, Sans Souci is inviting readers to a Worry-Free Wealth financial seminar in north of Toronto this weekend featuring Talbot Stevens, author of The Smart Debt Coach and other books. Check it out if you’re in the area.
Mark
My name is Mark Seed - the founder, editor and owner of My Own Advisor. As my own DIY financial advisor, I've surpassed my goal and now investing beyond the 7-figure portfolio to start semi-retirement with. 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.
@Mark:
What’s really great about all YOU dividend bloggers, is that you are all monitoring and recording your dividend growth. In fact it’s not that the dividend route is the best, but that so many of you are invested and have clear objectives.
I found that teaching( I was never a teacher, but taught some classes for clients) by putting together the material and trying to find new material to include, I learned much myself.
It’s probably the same with watching and recording your investments. Always looking for different ways to see how you are doing or ways to see if your reaching your goal. It probably makes you more motivated to save more and re-assures you that your on the right track.
Thanks Cannew.
I feel monitoring our dividend income (but also blogging about my failures – there are a few for sure) see posts below, are good ways of creating some financial discipline.
http://www.5iresearch.ca/blog/my-biggest-investment-mistake-high-cost-funds
http://roadmap2retire.com/2016/02/why-i-stopped-making-my-financial-advisor-rich/
I’m inspired about personal finance and investing since with a bit of work, like most things in life, you can see the tangible benefits over time: less debt + higher net worth = more options in life.
We’re getting to the point where if you exclude both of our workplace pensions, our investments are almost worth as much as our house value. That provides some inspiration that we’re doing the right things to grow wealth and secure our financial future – so some day – we have lots of options. I hope those years are about 10 years away, in our early 50s.
Thanks for the support and reading.
Thank you for your support Mark for including me. I appreciate it.
Thanks for taking the time to compile this and for the reads. Cheers bud.
Great work thus far. I have some catching up to you to do!
Some interesting reads here. Thanks for compiling this list and sharing Mark.
Hope you are staying warm
R2R
All good, thanks for reading and sharing.
Larry’s investor profile was the most high risk investor he;s had in a while. Thanks for the mention.
I like reading those. It shows me how risk averse I am 🙂
@Mark: Was watching Steve Harvey show where he had a guy who has supposedly made Millions buying Selling Penny stocks. He also will show others how to follow his strategy, for a price (which is where he’s making most of his money now).
SURE!!!
Salesman for sure….. 🙂
Great list of reading. I’ve glanced at several and made copies to re-read and enjoy.
The three I liked are:
1. Larry McDonalds and the final quote:“Don’t trade like I do,” he says, laughing. “I have had my share of bad trades from being risky … Whenever anyone asks me for advice I tell them to invest in value stocks … Especially if the company has been around for a long time, pays a dividend and generates consistent earnings.”
2. The 27 Experts (glad you added your comments). Could probably repeat about 20 of them as ones I like, but If I had to pick two: For the Young Investors. #2 and for older investors #26.
3. TFSA vs RRSP, nicely summarized.
Thanks Cannew. Big fan of blue-chippers to buy and hold as you know, for (future) income.
Yes, it was nice to include me in their list of “experts”, although I’m just an average guy saving and working towards retirement like everyone else.
Kerry’s article was good – in the end, I feel picking one and simply investing is better than arguing about the merits of each. Math is important but so is simply saving money, investing and rinsing and repeating for 30 years 🙂
Venn diagrams for fun and profit! Thanks for the inclusion this week, as for the Ontario Budget, my mother said if you don’t have anything nice to say, keep your fingers off your keyboard….
Probably good advice…