Welcome to your Weekend Reading list that includes some frightening ways one NBA athlete wasted over millions over his career and some shocking statistics on income spent on housing. You can read here how NBA player Antoine Walker wasted $110 million dollars and over here, on average, Canadians spend over 40% on mortgage and rent, as well as paying for utilities.
This week I reviewed The Empowered Investor and provided a link to download this ebook for FREE and thanks to a fan of this site, I got some great responses to some Wealthsimple questions.
Have a spooktacular Halloween and enjoy the rest of these articles!
Boomer & Echo shared some excellent expert opinions about leveraged investing. Personally, I’m not a fan of borrowing money for investment purposes. I prefer to save first then invest (not very exciting or risky I know). Borrowing money for investing implies you don’t have the money to invest in the first place, somewhat like taking out a massive mortgage to buy a fancy house hoping it will appreciate in value.
MoneySense encourages you to attend this speaking engagement to change your financial future for the better.
Thanks to Canadian MoneySaver for mentioning one of my articles here.
With the municipal elections that occurred this week, Barry Choi wondered: what do property taxes pay for?
Michael James on Money proves he has his asset allocation clearly thought out.
The Passive Income Earner recounts his solid TFSA performance to date.
Cait Flanders said you need to make peace with your financial situation.
This blogger thinks dividends make investing easier: “The fact is, I receive my dividend checks whether the stock market falls by 10% or rises by 10%.” I agree with this, and to protect myself from myself when it comes to investing decisions, that’s part of the reasons why I do it.
Big Cajun Man had some positive things to say about TD Direct Investing when it comes to #RDSPs.
Canadian Mortgage Trends is not betting against even lower bond yields.
Mr. Money Mustache wondered if you can go car free this weekend.
Holy Potato had some options for indexing.
I enjoyed this Nightmare on Bay Street by 5i Research.
Here are two ideas how to start dividend investing with little cash.
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! Hope you’re enjoying the book so far!
I am. I will email you soon about that!
Thanks for the inclusion, TD really is only allowing you to make trades in the RDSP account, getting money into the account is still quite time consuming and you can’t automate it either, but it is a step in the right direction.
Anything banks can do to streamline money transfers and transactions, would be in their best interest I would suspect!
So many professional athletes go bankrupt a few years after retirement. They really should take a few courses on personal finances.
I’m with you on leverage investing. One of the rules I follow is only to invest money that I can afford to lose.
Yeah, I won’t borrow to invest until I know my mortgage is well under control. I figure that’s around the $50K mark.
I with you about leverage. Going with 100% stocks is volatile enough for me. Thanks for the mention.
Yeah, I have a mortgage. That’s enough debt 🙂 All the best Michael.
I have a large mortgage, that’s plenty of debt for me 🙂 Have a great weekend Michael.
I had the joy of being at the Tory party on election night so at least it was civilized. Some of the comments Ford supporters were making about taxes being too high were just out right ridiculous.
Ha. I’m sure those nights are entertaining for you! 😉