Welcome to my latest Weekend Reading edition. Hope you’re enjoying your weekend so far…
Earlier this week I shared this update:
I also provided this dividend income update – a new milestone was passed. You’ll have to read the article to find out which one!
I also received a few emails like this, this week: I have some money to invest, and I’d like to start with dividend paying stocks. I live in Canada. What should I do?
I’ll work on a post in the coming weeks to address that question – at least what I did. You can make your own decisions from there.
Thanks for reading and being a fan of the site. I have a few small projects and partnerships in the works and I hope to share the details of those with you over time. See you next week!
For my U.S. fans, Andrew Hallam offered advice to select the best funds for your 401(k).
RateSpy said the feds are nuking the mortgage market.
Want to start investing with someone else’s money? You can, with ModernAdvisor. Check out the details here.
My friend Stephen Weyman reviewed MagicJack – five years later. Stephen said all told, he’s spent about $429 for VOIP devices and services over the last 5 years. That’s very good. We’ve had Fongo Home Phone now for a couple of years I believe our total costs to date are about $225. A good buddy of mine in Toronto uses VOIP.MS which is even cheaper.
Boomer and Echo shared some costly add-ons. Fully agree, new houses definitely try and upsell you.
Money guru and all around good guy Preet has a new video out – how to split a bill in a restaurant (because some people have no clue!)
Dividend Growth Investor wonders if Apple can become a powerful dividend growth stock. Probably, they keep tons of cash on hand, but I find technology stocks very difficult to invest in; the industry changes so fast. I tend to avoid owning any individual tech stocks for that reason and simply rely on index investing to include my technology sector.
Big Cajun Man shared some new #MoneyTalk articles – thanks for the mention Alan.
Michael James on Money provided some interesting short takes – thanks for the mention Michael.
Freedom Thirty Five Blog suggests bad debt doesn’t exist. I disagree. As a commenter on my site has mentioned a few times, “money is an emotionless, errorless tool. It’s the user who embodies emotional, cloudy judgement.” Using credit cards are not bad but prolonged credit card debt is. Financing a car at a high cost is “bad debt”; you are borrowing money to buy a depreciating asset. Using debt to buy appreciating assets is far better, good actually. (Take your house as an example, although there are no guarantees.) Not paying off your student loan for decades is bad debt, although taking on that debt in the first place was likely value-added if you got a good job. Payday loans are bad debt – period. Just read that aloud again – a payday loan. Not good.
I enjoyed Cullen Roche’s article here – how indexers do better than average. The premise of the article is that indexers come out ahead by saving on money management fees.