Welcome to my latest Weekend Reading edition where I share some of my favourite articles from the personal finance and investing blogosphere.
Big plans tonight? I’ll be at the Ottawa REDBLACKS season opener! Let’s hope for good weather and great game. The view from my seats:
Earlier this week I wrote about how we’re going to deal with higher interest rates. What’s your plan?
I also wrote about:
Enjoy your weekend plans and see you here again next week!
Krystal Yee talked about her moving fees in Vancouver. Certainly the more you move the more costs you will incur. Been there! We hope not to move for another 4-5 years.
Interesting study from HSBC – the Future of Retirement: Shifting Sands, a new global retirement report that captures the views of 18,414 people across 16 countries and territories worldwide including 1,003 in Canada. The complete Canada report is available here.
On Dan Bortolotti’s podcast it was refreshing to hear Tom Bradley talk about the active versus passive investing debate. I’ve long been convinced that both strategies (active and passive) have flaws and ideally the best investing strategy is a) one that meets your goals, b) one you can stick with while c) one that keeps your costs low so d) you ultimately behave better over time to achieve a).
How much can you responsibly spend on fun? We tend to spend as much as we want after the mortgage is paid, after pre-authorized savings go to our investments each month, and after our emergency fund is padded each year. We tend to pay ourselves first and have fun with the rest. I feel this is a better way to budget but your mileage may vary.
Mark Goodfield is giving away a few copies of his book this week – highlighting this interesting survey – one that serves to tally the costs associated with supporting their families’ financial needs. I intend to take the survey this weekend to contribute our data.
This indexing legend is having some second thoughts on that strategy; now believing in low-cost, smart-beta strategies as well. I learned more about smart beta funds myself thanks to this Q&A with David Barber, Vice President of National Accounts at First Asset Management.
This family racked up enough credit card points to travel around the world. While interesting I’m not sure folks should glorify the use of credit cards – I suspect many Canadians are drowning in consumer debt.