Weekend Reading – Giveaways, mortgage free, dividends and more (2024)

Posted on September 4, 2014 by Mark | 19 Comments

Welcome to another Weekend Reading list folks. Earlier this week, I wrote about Life Insurance 101 and I also provided a primer for opening your online discount brokerage account.

Enjoy these articles and I’ll be back next week with a new dividend income update and more.

HowToSaveMoney.ca rates the best Air Miles Credit Cards and has a small cash giveaway underway – enter here.

Sean Cooper offered a guest post on Boomer & Echo about being mortgage free in his early 30s.

This is an update on John Heinzl’s model dividend portfolio, up about 32% in two years.

Dividend Mantra shared a Freedom Fund update.

Dividend Growth Investor shared his best articles from August.

Passive Income Earner shared some top stocks.

Big Cajun Man wondered if this RESP investing portfolio is too conservative.

Congrats to some of my favourite blogs on becoming Plutus Award finalists, celebrating the best in personal finance on the world stage.

An interesting read, Glenn Cooke’s comment in this article about a serious subject; I have to agree with Glenn: “[Critical illness insurance] is being sold on rainbows and unicorns,” Cooke said. “You should be buying insurance for financial reasons, not for emotional reasons.”

Barry Choi offered a kind review of this new book, one I hope to start reading this weekend thanks to a copy from author Robert Brown.

Michael James on Money shared some little known RRSP strategies.

When it comes to passive income, this blogger is on a mission.

Mark

Weekend Reading – Giveaways, mortgage free, dividends and more (1)

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    1. Weekend Reading – Giveaways, mortgage free, dividends and more (7)

      Mark September 6, 2014 at 11:07 am · Edit

      For sure Sean, it would be great to have a guest post on my site. I will email you soon with some ideas. I recall your specialty is pensions?

      Reply

    1. Weekend Reading – Giveaways, mortgage free, dividends and more (9)

      Mark September 6, 2014 at 9:48 am · Edit

      For sure Tawcan. Now, what will the future hold for dividend investors?

      Reply

  1. Weekend Reading – Giveaways, mortgage free, dividends and more (10)

    Michael James September 5, 2014 at 10:32 am · Edit

    I enjoy Glenn’s articles about insurance. He knows what he’s talking about. However, his recent remarks about advisor compensation were way off the mark. Thanks for the mention.

    Reply

    1. Weekend Reading – Giveaways, mortgage free, dividends and more (11)

      Mark September 6, 2014 at 9:49 am · Edit

      Same, I have a lot of respect for Glenn. What in particular did you think was off the mark?

      Reply

      1. Weekend Reading – Giveaways, mortgage free, dividends and more (12)

        Michael James September 6, 2014 at 10:08 am · Edit

        Pretty much all of it, but let’s look at just the beginning. Apparently, half of those who want more transparency are motivated solely by nosiness about a financial advisor’s income. That’s absurd.

        Reply

        1. Weekend Reading – Giveaways, mortgage free, dividends and more (13)

          Mark September 6, 2014 at 10:21 am · Edit

          Well, yes, I would not agree with that statement.

          Transparency is good for most businesses I suspect, it has nothing to do with comparing income levels. On the broad scale, transparency is about making more information publicly available, readily available, which is an act of trust. Transparency also is a driver for change, knowledge is the first step in making change or sustaining change. So, I would not agree with Glenn here. Maybe he has a different context?

          Reply

  2. Weekend Reading – Giveaways, mortgage free, dividends and more (14)

    Stephen @ HowToSaveMoney.ca September 5, 2014 at 8:54 am · Edit

    Always appreciate the mention. Put a lot of work into that Air Miles credit card comparison table so thanks for linking to that. As you know, really enjoyed your insurance article this week. Great work!

    Reply

    1. Weekend Reading – Giveaways, mortgage free, dividends and more (15)

      Mark September 6, 2014 at 9:49 am · Edit

      It showed Stephen, I hope you get lots of entries for your giveaway!

      Reply

  3. Weekend Reading – Giveaways, mortgage free, dividends and more (16)

    Dividend Mantra September 4, 2014 at 6:31 pm · Edit

    Mark,

    Thanks for sharing my portfolio update!

    Looking forward to seeing how your dividend income is coming along. 🙂

    Best regards.

    Reply

    1. Weekend Reading – Giveaways, mortgage free, dividends and more (17)

      Mark September 4, 2014 at 7:30 pm · Edit

      All good. Happy to support.

      Reply

  4. Weekend Reading – Giveaways, mortgage free, dividends and more (18)

    Big Cajun Man September 4, 2014 at 6:27 pm · Edit

    Mark, thanks for the inclusion this week, I think it might be a little safe, but conservative? Don’t know…

    Have a great weekend

    Reply

    1. Weekend Reading – Giveaways, mortgage free, dividends and more (19)

      Mark September 4, 2014 at 7:31 pm · Edit

      It seems to be well-balanced Alan, no unnecessary risk needed.

      Reply

  5. Weekend Reading – Giveaways, mortgage free, dividends and more (20)

    Asset-Grinder September 4, 2014 at 6:22 pm · Edit

    Thanks for the list.

    Enjoyed the life insurance post. Quite informative really, would love to see you add to it in the future.

    Reply

    1. Weekend Reading – Giveaways, mortgage free, dividends and more (21)

      Mark September 4, 2014 at 7:32 pm · Edit

      Thanks! What in particular would you like to know more about on the insurance subject? Open to ideas…

      Mark

      Reply

      1. Weekend Reading – Giveaways, mortgage free, dividends and more (22)

        Asset-Grinder September 4, 2014 at 9:21 pm · Edit

        Perhaps

        – Different insurance provider rates and top recommended ones

        – Guide to what types fit with peoples age and life situations (singles, couples, families)

        Pros and cons to each.

        How policies commissions break down.

        Lots to cover but lots of questions people have there.

        I often hear of people getting stuck with unneeded whole life policies with ridiculous commission fees that has severely tainted the industry.

        Reply

  6. Weekend Reading – Giveaways, mortgage free, dividends and more (23)

    Barry @ Moneywehave September 4, 2014 at 6:12 pm · Edit

    Thanks for the shout out Mark, I think you’ll find the book quite fun to read.

    Reply

    1. Weekend Reading – Giveaways, mortgage free, dividends and more (24)

      Mark September 4, 2014 at 7:32 pm · Edit

      I’m looking forward to starting it within the next week. Have a great weekend Barry.

      Reply

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Weekend Reading – Giveaways, mortgage free, dividends and more (2024)

FAQs

Which stocks pay out dividends? ›

20 high-dividend stocks
CompanyDividend Yield
CVR Energy Inc (CVI)9.21%
Eagle Bancorp Inc (MD) (EGBN)8.87%
Evolution Petroleum Corporation (EPM)8.82%
Civitas Resources Inc (CIVI)8.82%
17 more rows
5 days ago

What is a good dividend yield? ›

What Is a Good Dividend Yield? Yields from 2% to 6% are generally considered to be a good dividend yield, but there are plenty of factors to consider when deciding if a stock's yield makes it a good investment. Your own investment goals should also play a big role in deciding what a good dividend yield is for you.

Is it better to pay off a mortgage early? ›

You might want to pay off your mortgage early if …

You want to save on interest payments: Depending on a home loan's size, interest rate, and term, the interest can cost hundreds of thousands of dollars over the long haul. Paying off your mortgage early frees up that future money for other uses.

What is dividend income? ›

Dividends are payments of income from companies in which you own stock. If you own stocks through mutual funds or ETFs (exchange-traded funds), the company will pay the dividend to the fund, and it will then be passed on to you through a fund dividend.

What are the three dividend stocks to buy and hold forever? ›

Key Data Points
Company NameSymbolPercentage of Assets
JPMorgan ChaseJPM3.4%
BroadcomAVGO3.4%
ExxonMobilXOM2.8%
Home DepotHD2.3%
1 more row
3 days ago

What is the best dividend stock to buy right now? ›

10 Best Dividend Stocks to Buy
  • Verizon Communications VZ.
  • Johnson & Johnson JNJ.
  • Altria Group MO.
  • Comcast CMCSA.
  • Medtronic MDT.
  • Duke Energy DUK.
  • PNC Financial Services PNC.
  • Kinder Morgan KMI.
May 3, 2024

What stock pays dividends monthly? ›

7 Best Monthly Dividend Stocks to Buy Now
Monthly Dividend StockMarket capitalizationTrailing-12-month dividend yield
Cross Timbers Royalty Trust (CRT)$79 million11.1%
Permian Basin Royalty Trust (PBT)$555 million5.8%
PennantPark Floating Rate Capital Ltd. (PFLT)$701 million10.8%
Agree Realty Corp. (ADC)$5.9 billion5.0%
3 more rows
May 6, 2024

What stocks pay the highest monthly dividends? ›

Top 10 Highest-Yielding Monthly Dividend Stocks in 2022
  • Ellington Residential Mortgage REIT – 13.2%
  • SLR Investment – 11.5%
  • PennantPark Floating Rate Capital – 10%
  • Main Street Capital – 7%
  • Gladstone Investment – 6.9%
  • Pembina Pipeline – 5.4%
  • Advantages and drawbacks of monthly dividend payments.
  • Summary.

What are the top 5 dividend stocks to buy? ›

15 Best Dividend Stocks to Buy for 2024
StockDividend yield
Grupo Aeroportuario del Pacifico SAB de CV (PAC)5.5%
Ecopetrol SA (EC)14.0%
Verizon Communications Inc. (VZ)6.6%
Enbridge Inc. (ENB)8.0%
11 more rows
Apr 19, 2024

How to pay off a 250k mortgage in 5 years? ›

There are some easy steps to follow to make your mortgage disappear in five years or so.
  1. Setting a Target Date. ...
  2. Making a Higher Down Payment. ...
  3. Choosing a Shorter Home Loan Term. ...
  4. Making Larger or More Frequent Payments. ...
  5. Spending Less on Other Things. ...
  6. Increasing Income.

How to pay off a 30 year mortgage in 10 years? ›

Here are some ways you can pay off your mortgage faster:
  1. Refinance your mortgage. ...
  2. Make extra mortgage payments. ...
  3. Make one extra mortgage payment each year. ...
  4. Round up your mortgage payments. ...
  5. Try the dollar-a-month plan. ...
  6. Use unexpected income. ...
  7. Benefits of paying mortgage off early.

What happens if I pay 3 extra mortgage payments a year? ›

Paying a little extra towards your mortgage can go a long way. Making your normal monthly payments will pay down, or amortize, your loan. However, if it fits within your budget, paying extra toward your principal can be a great way to lessen the time it takes to repay your loans and the amount of interest you'll pay.

How do I avoid paying tax on dividends? ›

You would not owe tax on dividends from stocks held in a retirement account, such as a Roth IRA or 401(k), or a college savings plan, such as a 529 plan or Coverdell ESA. There are exceptions to this tax immunity, though.

Do dividends count as income for social security? ›

Pension payments, annuities, and the interest or dividends from your savings and investments are not earnings for Social Security purposes.

Do I pay tax on dividends? ›

It is taxed accordingly at your usual rate of income tax, but the 'personal savings allowance' can mean all, or a portion of this, is tax free – there's more information on this from the HMRC website here. For funds with less than 60% in fixed income investments, any income will be classed as dividend.

Is Coca-Cola a dividend stock? ›

Dividend Data

The Coca-Cola Company's ( KO ) dividend yield is 3.09%, which means that for every $100 invested in the company's stock, investors would receive $3.09 in dividends per year. The Coca-Cola Company's payout ratio is 73.72% which means that 73.72% of the company's earnings are paid out as dividends.

How long do you have to hold a stock to get the dividend? ›

Briefly, in order to be eligible for payment of stock dividends, you must buy the stock (or already own it) at least two days before the date of record and still own the shares at the close of trading one business day before the ex-date.

Is it best to buy stocks that pay dividends? ›

First, the income they provide can help investors meet liquidity needs. And second, dividend-focused investing has historically demonstrated the ability to help to lower volatility and buffer losses during market drawdowns.

Is Amazon a dividend stock? ›

Does Amazon distribute dividends? We have never declared or paid cash dividends on our common stock.

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