Weekend Reading: Christmas Break Edition

With 2014 quickly winding down I wanted to publish one more edition of weekend reading before we break for Christmas.  We hope you all have a relaxing and enjoyable Christmas holiday, and we’ll be back to our regular schedule the week of December 29th.

Value of Simple

Many investors recognize that Canada has the highest investing fees in the world and that the “advice” they get from their commission-based advisor is little more than a meeting at RRSP season to discuss this year’s contribution.  But making the leap to becoming a do-it-yourself investor can be daunting.  That’s why John Robertson created The Value of Simple: A Practical Guide to Taking the Complexity Out of Investing.

The author describes the investing process in a way that’s rarely explained – taking a step-by-step approach to show investors exactly what they need to do in order to start building and maintaining a portfolio of low-cost index funds.  It looks at the entire process, from opening accounts and purchasing investments, to determining asset allocation and understanding taxation issues.

This book is for investors who are looking to take the plunge into DIY investing and want a guide to help walk them through the process from start to finish.  It would also make a great gift and useful resource for your adult children as they start their investing journey.

This week’s recap:

On Monday I wrote about why I pushed my Findependence Day back five years.

On Wednesday Marie asked, how do you define affordability?

Friday’s post argued one reason why stretching to buy a home can make financial sense (hint: when it prevents you from moving every few years).

Over on Rewards Cards Canada I explained how I cashed in on credit card rewards this year – to the tune of $1,555!

Weekend Reading

Mark Seed from My Own Advisor challenges the notion that saving 10 percent of your income is enough for retirement.

Michael James doesn’t own bonds in his investment portfolio because he says he’s after the highest total return over a long time frame.  Here he looks at several models to show the 20-year returns of an all-stock portfolio compared with more balanced portfolios.

Dan Bortolotti suggests that investors use limit orders instead of market orders when placing trades.

Sandi Martin says the secret to a successful financial plan is intentional contentment.

From travelling and dining out, to a nice suit and a decent haircut, Barry Choi looks at money well spent.

Dan Wesley offers some tips on how to budget with an unstable income.

Million Dollar Journey highlights the real-estate heavy net worth of Karl the real estate agent.

Mark Goodfield – The Blunt Bean Counter – explains the family tax cut and asks if joint filing should be next?

This MoneySense family profile shows how a couple paid off their mortgage in six years.

Adam Mayers explains who’s in and who’s out of Ontario’s Pension Plan.

Jonathan Chevreau gives some insight on boomers approaching the “decumulation” years.

Have a great weekend, everyone!

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  1. Barry @ Moneywehave on December 20, 2014 at 11:40 am

    Thanks for the mention!

    We all view our money differently, but it’s important to remember that it’s okay to spend sometimes.

  2. Dan @ Our Big Fat Wallet on December 20, 2014 at 12:22 pm

    Thanks for the mention, Robb. Always appreciated. Nicely done with the $1555 in rewards this year!!

  3. My Own Advisor on December 20, 2014 at 1:30 pm

    Geez, that’s a big number for rewards!

    All the best to you and family Robb.

    Happy Holidays and thanks for the mention!

  4. Potato on December 20, 2014 at 1:37 pm

    Thanks Robb, glad you found the time to read it!

  5. Mr. Captain Cash on December 20, 2014 at 4:32 pm


    Thanks for providing a great list to read over the holiday season. I well now be heading over to see how you received $1555 in rewards throughout 2014.

    Happy Holidays,

    Mr. Captain Cash

  6. Michael James on December 20, 2014 at 9:59 pm

    I thought Dan B.’s explanation of why we should be using limit orders was quite clear, but a couple of people I know didn’t get it. I’m trying to think of a clearer way to say it, but haven’t had any good enough ideas yet. Thanks for the mention.

  7. Tawcan on December 20, 2014 at 10:10 pm

    Wow that a lot of rewards for using credit cards. Happy Holidays!

  8. the Blunt Bean Counter on December 21, 2014 at 10:58 am

    Thx for the link Robb. I hope all is well, Happy Holidays.

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