Welcome to my latest Weekend Reading edition where I share a collection of articles from the personal finance and investing blogosphere each week.
Here is my lone article from the week: some reasons to buy a used car instead of a new car (and why we did just that over the last couple of weeks).
Enjoy these reads and we’ll see you here again next week!
Jeff Bezos, Amazon’s CEO, is now the richest person in the world – largely thanks to surging Amazon share prices. Crazy right?? Where will it go from here?
InsurEye provided a timely article this summer, given all the rain we’ve had in Eastern Ontario anyhow. Here is home insurance and flooding policies in Canada finally explained. From the article, we own sewer backup. We do so given the premium for it is not expensive considering the consequences of a flooded basement without this coverage certainly could be.
New to investing? New to Exchange Traded Funds (ETFs)?
Capital Power increased their dividend by over 7% this week. Thanks for the raise while doing nothing on my end.
Canadian Budget Binder asked what are your sources of financial stress? Not so much a big stressor anymore but more of an annoyance is our mortgage. Based on our projected savings rate over the next ten (10) years (i.e., that will produce maxed out TFSAs and RRSPs) I’m not too worried about saving for retirement; although I do think about having “enough”.
Arbor Investment Planner identified 34 investment rules. One rule/attribute I like is this one:
“The most important attribute of successful investors is discipline in following a set of investment strategies and rules. In other words you don’t have to have a high IQ, a high education, extensive experience, or even great instinct.” Agreed, and I think most investors should likely take some time to figure out what kind of investor you are to determine what investment strategy best fits your beliefs, values and ability to stick with a long-term plan.
Do you know the combination of a high savings rate, time on your side, and high rate of return can be known as The Wealth Triangle? Here is a comprehensive guide.
Krystal Yee believed in a “savings first” plan to help fund her home ownership dreams.
Have a great weekend!