Weekend Reading – Yield curves, brain food, Aeroplan news, and 2019 #money help
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.
I hope you’re having a great holiday. Mine, so far, so good!
It’s been great to decompress and be away from work. It’s also been great to get some exercise too – be outdoors and enjoy the milder winter weather while it lasts in Ottawa. Most importantly, it’s been special to reconnect with family over the last week. Life gets busy – it’s hard to find the time.
I want to take this opportunity to wish you a very Happy New Year and I look forward to interacting with you again throughout 2019.
Thanks to all of you for being huge fans of this site and sharing it with others in 2018.
Let’s see if we can push this site to over 1 million pageviews in 2019!
All the best,
Want some guidance for 2019 investing?
Part of the magic is:
- Start saving early, preferably in your 20s, and never stop.
- Use registered accounts for investing. Max them out if you can.
- Focus on investing in equities instead of bonds.
- Keep your money management costs low. Avoid any high-fee product like the plague.
- Let time in the market (versus trying to time the market) do its thing.
For what it’s worth, the math tells us that any mid-20-something that saves $300 per month consistently for 40 years will have >$600,000 available to them with a 6% average return over that time frame.
Incentive for 2019!
You are what you eat. Here’s a list of foods to eat for your brain as you age – to maintain memory and cognition. The summary – eat more fruits and vegetables, and drink more juices. In our house, we’re trying to eat most of these foods every day or every week as prescribed in the article:
- Leafy greens are nutrient powerhouses. Eat spinach, kale, arugula, etc. in your diet at least six times a week.
- Eat lots of berries such as blueberries, blackberries, strawberries, raspberries – eat them at least twice a week.
- Eat nuts of any kind. They guard reduce LDL (bad) cholesterol and memory loss. Eat a quarter-cup five times a week.
- Eat fish. You probably know they are an excellent source of fatty acids essential for brain function. Eat fish twice a week.
- Use olive oil when cooking and for your salads as much as possible. Doing so may remove beta-amyloid from the brain, a protein that can interfere with communication between brain cells.
Jason Heath wrote a good article about why retirement planning needs to be a political issue in 2019. His point about the growing discrepancy between who has defined benefit and defined contribution pension plans at work; what the current RRSP limits are is a good one.
Worried about your Aeroplan points? Fear not. Air Canada has agreed, with TD and CIBC backing them, to keep the loyalty program in place until 2030.
Millennial Money argued time (instead of money) should be your goal. This post resonated with me because this tagline is exactly what I’ve been thinking about for the last few years. I stay motivated on this blog because I can see, not our finish line, but a new direction coming with our Crossover Point on the horizon.
I enjoyed reading Million Dollar Journey’s December update on his goals. Impressive and focused as always. His site remains an inspiration for me.
Robb Engen suggested stop giving the markets attention. Well put. Focus on your plan and little else.
A new year means better saving and investing choices!
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