Weekend Reading – More income, lessons from the financial crisis, biggest and best weed stocks 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.
Amongst some chores, lots of work at the day-job and other evening stuff like a round of golf on Thursday evening I managed to sneak in these posts on my site:
Here is our latest dividend income update – now 56% of the way towards one of our early retirement goals.
I have another book to giveaway next week so stay tuned to find out what book and how many copies you can win. Enjoy your weekend and see you on the site!
Rob Carrick (no link here – because it was subscribers only) wrote an article this week highlighting Canadian investors are too obsessed with U.S. stocks. “The MSCI World Index divides up the world as follows: 62 per cent in the United States, 35 per cent in markets outside North America and 3 per cent Canada. Global investing purists might be happy with a 3 per cent Canada weighting, but most investors in this country will want a lot more than that. One thought is one-third evenly split between Canada, the U.S. and international stocks in the equity side of your portfolio. American true believers could take that up to 40 per cent, with another 30 per cent in Canadian and international.” While maybe partially true, this is the same week the U.S. market was up almost 600 points.
Retireby40 wrote about how much money do you need to feel wealthy? For us, I’ve been clear what our goals are: beyond $0 debt, those goals are here.
Here are 5 lessons from the financial crisis that began 10 years ago. This was the biggest lesson for me to date: “What struck me most about the crisis, however, was how fertile a setting it was for making serious investment mistakes. Weak markets are wonderful for long-term investors because stocks are on sale, but in the heat of the moment it’s extremely hard to do the right thing.”
Million Dollar Journey highlighted the biggest weed stocks in Canada.
My favourite tweet of the week: