Weekend Reading – The downsides of early retirement, pension plans, S&P 500 performance and more #moneystuff
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.
It was another solid week for the dividend income portfolio – a recent update you can find here.
Bank of Nova Scotia increased their dividends this week. Although a number of Canadian banks did not increase their dividend, this quarter at least, I foresee more increases on the way in early 2019. What say you?
Earlier this week I wrote about my top Canadian dividend ETFs. I intend to write about my favourite international and U.S. dividend ETFs (for steady income and long-term growth) in the coming weeks. You read about my previous take on those ETFs right here.
The unofficial end of summer is here, our Labour Day weekend, but I’m not giving into fall yet. Hopefully lots more great days outside to enjoy some golf, some mountain biking, some craft beer on a patio and more.
Enjoy the weekend as well folks – see you around the site!
Financial Samurai talked about the negatives of early retirement that nobody likes to talk about.
Million Dollar Journey discussed a hidden gem in any potential retirement plan – leveraging the Saskatchewan Pension Plan.
Robb Engen from Boomer & Echo discussed his defined benefit pension plan. Although his plan seems rather generous, so staying in the plan for decades on end seems like a good idea, Robb wants to retire early; I believe he’s smart to be “…building up multiple income streams by saving inside of my RRSP, TFSA, and working on my online business.” I would argue it’s great to have multiple income streams in retirement anyhow. Well done Robb.
A Wealth of Common Sense updated some S&P 500 performance charts. He reminded readers:
“If you want more predictability in the short-term, you have to learn to live with lower long-term returns. And if you want higher long-term expected returns, you have to learn to live with more volatility in the short-term.” Well said.
Interesting read from the Globe and Mail this week about even when you invest properly, you can still lose money – for a decade. I certainly hope that doesn’t happen to our portfolio but you never know what the future holds…
Congratulations to Jean-Yves, who won a copy of The Smart Debt Coach on my site. Your book is in the mail! As we approach the fall, I’ll have more books to giveaway on my site so keep reading and sharing the site with others to win more free stuff!!
Speaking of FREE – Get in on the FREE Canadian Financial Summit!
Coming up soon, I’ll be part of the 2018 Canadian Financial Summit. In one place, you’ll find 25+ Canadian personal finance experts who will share their insights, tips, and favourite money hacks to save more, invest more and grow your money. Including yours truly!
Just head on over to the Canadian Financial Summit, sign up for free, and be automatically entered to win one of the free Premium All Access Passes they will giving away when the event goes LIVE on September 12th.
During the conference you’ll hear about:
- Saving more on everyday items
- Better, smarter, easier ways to invest
- Getting the most out of TFSAs, RRSPs, and RESPs
- How to prepare both your portfolio and lifestyle for retirement
- Aspirations to own a $1 million portfolio and F.I.R.E. (Financial Independence/Retire Early)
- Getting financially setup in Canada for New Immigrants
- Avoiding crippling fees and terrible financial advice
- Understanding the housing market and where it’s headed
- The best credit cards in Canada if you want free travel or cash back
- Great, cheap travel tips and much, much more!
My topic discusses a money milestone that my wife and I have achieved in recent years – but you’ll have to attend the Summit to find out what that is!
Once again – this event is completely FREE to attend. However, if you can’t make it for the scheduled date/time, you will be given the option to purchase a special any-time, anywhere, Premium All Access Pass that will allow you stream the entire conference whenever fits you best.
End of summer and investing reminders!
Here is a free trial to unbiased stock and ETF suggestions in Canada. Take advantage of this trial to learn about the best low-cost ETFs for your DIY portfolio with no obligation.
Use my promo code MYOCASH with BMO, so I can provide you with hundreds of dollars cash back when you open a BMO InvestorLine self-directed account.
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Thanks for being a fan!