Weekend Reading – Promo codes, stock selections, pension income and more #money stuff
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.
These were my posts from the past week:
“BCE is yielding close to 5% now and they continue have a whack of free cash flow. That means, over the next few years dividends should continue to rise and rising dividends – as you know – help drive our portfolio. Long BCE.”
Should you defer your Canada Pension Plan? I think retirees should consider this based on their own financial needs and objectives of course.
Before I get to some articles, a reminder about some great deals I’ve established:
Stop delaying! Save, invest and prosper!
Now for the articles…
The Dividend Guy took issue with Rob Carrick’s comments about dividend investing being a cult. Good on him. Let’s be honest – there are ETF cheerleaders, stock cheerleaders, dividend cheerleaders, mutual fund cheerleaders, housing market cheerleaders and on the other side the continuum, pessimists for all the above and more. My thoughts – invest how you want to invest to meet your own financial objectives (or your family’s objectives) and don’t worry about anyone else. If that means you’re a GIC cheerleader – based on what your financial plans says you need to invest in – then good on you. Personal finance and investing is personal. That means it should be about respecting the individual’s (or the family’s best interests) to maximize investment return and mitigate risk. Unfortunately some people think, maybe too many people these days think, unless you invest in low-cost ETFs you’re an idiot. Sad.
This study confirms some of what we already know – Canadians are content with their financial advisors – to a ridiculous degree. From the article: “A survey conducted for Hennick Wealth Management shows that an average of only 3% of Canadians who use financial advisors were dissatisfied with the services they received.” So we’re saying 97% of people (surveyed) who have financial advisors are satisfied? That’s crazy high.
The folks at the Financial Planning Standards Council remind us that while robo-advisors are great financial planning often needs to go beyond algorithms.
Other fine reads and upcoming reads:
With “RRSP season” approaching, it’s good time to review how to build a fat RRSP nest egg.
With “TFSA season” already here thanks to new January contribution room, stay tuned for a new post from yours truly about great things you can do with your TFSA next week. Until then, have a great weekend!