Leading off this Weekend Reading edition, I want to thank Sheryl Smolkin for the recent interview with yours truly here. Check out what I said about starting my blog, investing lessons learned and more.
Enjoy the rest of these articles and see you here again next week, just in time for a Christmas wish.
Larry MacDonald profiled this investor who buys and holds dividend stocks to help take the emotion out of investing. Same plan here Larry, as you know!
Here are some lessons learned from the 2014 investing year.
Retire Happy wrote about boosting your financial fitness.
Nelson Smith thinks you’re nuts to buy a vacation home over investing in the stock market, his math says so.
Susan Brunner reviewed this REIT.
Wall Street Playboys said most of the personal finance stuff on the internet is bogus. They do raise some great points, like the 10% savings rule.
Dan Bortolotti discussed the pros and cons of limit orders. I use market orders myself, I don’t buy very often and besides, the costs are peanuts when compared to other things in life.
Here are some things according to Money We Have where money is well spent. I have to agree on the travel, life is for the living and new experiences and cultures are worth it.
Michael James on Money covered what he liked about Money Rules. I have no idea where he finds the time to read so much.
Robb Engen pushed back his financial independence target date but he continues to excel regardless.
Big Cajun Man said New Year resolutions start now.
InsurEye wants you to know some things after you say “I Do”.
Dividend Ladder listed some top performing U.S. dividend stocks of 2014.
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.
Thanks for the mention Mark. Nelson makes some great points. Though, we do have a family cottage which I stand to inherit someday.
I think family cottages can be great (and great investments as well) as long as there are agreements in place about the ownership, especially a co-ownership. Otherwise, it could be a nightmare. I’ve witnessed that firsthand.
Agreed, The property has been on our family radar for a decade now. Planning with Dad and Sis has made a lot of sense. Still not keen on those capital gains though!
Yes, capital gains can hurt 🙂
Interesting to learn that one of the first investment books you read as well was David Chilton’s The Wealthy Barber. Really enjoyed the podcast you and Sheryl did. Enjoy the holidays!
Thanks Captain Cash. Nice new site you have there.
That’s a great interview, really cool to learn a little bit about your Mark. Have a good weekend.
Ha, thanks. Starting to put myself “out there” I guess. Sheryl was a pleasure to talk to. Take care Tawcan and stay in touch.
Nice interview with Sheryl, Mark. Thanks for the mention here and enjoy your weekend.
Thanks Robb. All the best to you over the holidays. Continued success to you in 2015!
Thanks for the mention! Hope things are going well.
Things are good Zach, all the best.
Thanks for the inclusion this week, I think I have already broken one of my early resolutions, but that is how life goes. Enjoy the holidays!
Yes, well, did you drink your Christmas gift already? I made that mistake once… 🙂
All the best and Happy Holidays!
I read every night before I sleep. That adds up to quite a few books per year. Thanks for the mention.
I think you might misunderstand Dan’s advice to use limit orders. It’s not about costs. It’s about avoiding market anomalies. When the price is around $25 and you put in a market buy order for 100 shares, you expect to pay $2500. But there’s a chance you’ll pay $5000 if the markets are behaving very strangely that day. It doesn’t happen often, but it does happen.
Well, when Dan wrote…”lesson here is that limit orders are not necessarily designed to get you a better price than investors who use market orders when trading ETFs. They simply protect you from seeing your order filled at a price you didn’t expect”…I guess I interpret price you didn’t expect as in sometimes paying more or sometimes paying less. Paying less is a good thing. In the grand scheme of things over decades of investing, just not sure limit orders would make a huge difference; peanuts when it comes to MERs and other investing charges but maybe I wrong.
Have a great weekend!
Thanks for the shout out!
Life is too short to horde money. You never know what will happen so it’s perfectly normal to splurge on a few things. Just make sure you’r not blowing all your money.
I agree Barry, life is short. All the best!