From wacky weather to wascally wabbits, it sure has been an interesting summer with our new garden. Now that we are heading into September, a lot of the crops are on the decline and I have to keep an eye out for frost warnings; I sure miss summer already. Instead of paying premium prices at the grocery store for questionable “organic” produce, my garden has provided me with a cheap and plentiful source of true organic fruits and vegetables. I’ve collected over three shopping bags full of produce and I still have carrots and potatoes to dig up! This fall I’ll be adding more dirt and covering it with wood chips now that I finally found a cheap source of the right kind I need. You’ll have to check back next year and see how adding wood chips will make my garden better.
After a long and rather cold March, I am very grateful to finally see double digit temperatures here in Alberta. With all the snow almost gone I can start planning out my backyard projects for the next several months. My project list for the Summer of 2012 includes:
- A giant vegetable garden
- Midsize Deck/Patio
- Stain the new fence
- Plant Saskatoon, Blueberry and Raspberry bushes
- Design a modern root cellar in my basement
- Buy a Greenhouse package from Costco
I started to save for all these projects after Christmas but my funds were ambushed by our trip next month, which means I’ll probably have to forgo the Greenhouse until next year. If only I wasn’t so fiscally responsible I could just buy everything I wanted on a whim.
Make sure you check out my 2012 Watchlist. I update it each Friday after the markets close.
Now for some excellent reads that I found this week.
Young and Thrify tells us why she thinks coupon codes are all that and a bag of chips.
Larry Macdonald warns us not to get caught up in the siren call to buy gold stocks.
Mike at The Dividend Guy Blog answers a readers question about making $39,000 in dividend income and shows the power of compounding.
My Own Advisor reviews Derek Foster’s ” The Worried Boomer” and is giving away a free copy. Check it out!
Dividend Watchdog wrote about the SNC-Lavalin dividend increase.
Invest It Wisely is celebrating 2 years of blogging goodness and giving away a free ipad 3! Congrats Kevin!
Freedom35 compared income and the cost of living depending on where you live. I think he might be moving to Florida!
Passive Income Earner explains why he likes dividend investing.
Have a good weekend, everyone!
If you haven’t heard of Joseph Kony by now then you must not have Facebook lol. I’m going to do my part and pass on the information in the form of a video.
There is a lot of controversy going around about the whole project. A lot of people are saying that majority of the money raised is not going directly to Africa, so I’d thought I would share what I saw and allow everyone to form their own opinion. I think for the most part it’s a great way to show that the world is no longer an old boys club and that social media has become a very powerful medium to unite humanity on common interests.
Now for some excellent reads I found this week.
Young and Thrifty reviewed the book Findependence Day and is giving away a copy.
Dividend Ninja had an interesting post reviewing some stocks from Thailand.
Passive Income Earner wrote about setting up his kids to buy shares through a transfer agent.
My Own Advisor added Proctor & Gamble to his portfolio.
Freedom 35 explains how he invests with a margin account.
Robert Thurdman shares his market outlook as he is living my dream…lucky guy!
Dividend Monk reviews Brookfield Infrastructure.
Dividend Growth Investor asks when can you retire on dividends?
Canadian Dream weighs in on whether a HELOC is good or evil.
Boomer and Echo share some smart tax planning strategies.
And as always, check out my Watchlist updated later today to see how my picks made out this week.
Have a great weekend everyone, and don’t forget to spring forward!
I was pleasantly surprised today with not one, but two dividend increases! I really felt like a big financial player explaining to my co-workers that I received another raise during my coffee break.
RBC increased its dividend by 6% from $0.54 to $0.57 cents per share payable on May 24th, 2012. The share price closed at a 2 percent increase even though first quarter profit fell 5 percent due to a sharp downturn in capital markets income.
TD Bank increased its dividend by 5.9% from $0.68 to $0.72 cents per share payable on April 30, 2012. TD also had a lower profit this quarter by 5.4% but for this investor, a $1.48 billion profit is nothing to scoff at.
As my living expenses grow and my paycheque remains stagnant, it’s comforting to know my dividend income is always increasing. If only a wise person would have taught me how to invest in dividend stocks when I was younger, then I would be well on my way to a very early retirement. Alas, here I am trying to show that anyone can slowly increase their wealth through dividend investing.
Both RBC and TD are on my current watchlist for 2012. You can check out my updated watchlist every Friday after the markets close.
Now, on with some weekend reading!
Boomer and Echo compared index funds to mutual funds. I definitely think Index funds are the way to go.
Dividend Growth Investor shared how he accumulates his positions over a long period of time.
Freedom 35 wrote about how he thinks paying down the mortgage may not be for everyone. With my hefty mortgage, I’d be a fool not to make extra payments.
Dividend Monk wrote about 4 dividend growth businesses with their own natural monopolies. I <3 CNR personally.
Invest It Wisely shared why you need spare cash to cover emergencies.
Susan Brunner reviewed my golden boy stock, Enbridge.
Brad at Triage Investing Blog wrote an excellent article on when to sell stocks.
Young and Thrifty asks what your travel style is. I’m more of a Hippo lazing in the pool never venturing too far from the swim up bar at an all inclusive myself.
Have a great weekend, everyone!
So much for fixing the problems with Greece. It seems that the “smart” people who are running the world think they can fix problems by throwing money at it. Then when that doesn’t work, they throw even more money then shrug their shoulders and say “I dun know”. I think the underlying problem is that a standardized currency does not work so stop trying to implement them.
Make sure you check out my updated Watchlist for Feb 24, 2012. If only I had more money to invest…
Here are a few interesting reads I found this week so sit back, grab a coffee and catch up on some weekend reading.
Brad at Triage Investing Blog had an excellent post on Canadian bank derivatives.
Dividend Growth Investor asked if entry price matters to dividend investors. Very informative.
Dividend Watchdog posted about the Telus dividend increase.
Freedom Thirty Five is giving away the cash value of one of his RIM stocks.
Invest It Wisely posted about the importance of buffering you life.
Tim at Canadian Dream finds out if Netflix is worth it.
My Own Advisor wrote about his favorite takeaways from the wealthy barber returns.
The Passive Income Earner switched to RBC direct investing.
Young And Thrifty had a guest post about the low down on the RESP.
Check out the Yakezie Carnival for a whole bag full of interesting reads as well.
Have a great weekend, Everyone!
I’ve decided to change things up here at The Loonie Bin and added a page at the top of the blog for the weekly updated watch list instead of making it a post. If you are too lazy to scroll up you can find it here.
I also was informed that weekend reading is best posted on Fridays so that people can read them before they spend their weekend away from the computer. So sit back, grab a coffee and have a look at what I read about this week on company time! Enjoy!
Dividend Monk has an excellent run down of Colgate-Palmolive.
Kevin at Freedom Thirty Five explains how he beats the system when it comes to minimum balances with his chequing account.
Think Dividends had at guest post at Triage Investing Blog about rethinking your asset allocation.
Dividend Watchdog posted about TransCanada’s dividend increase.
Dividend Ninja did a guest post on BankNerd.ca about whether you should contribute to your RRSP or TFSA.
Young and Thrifty shares four ways to save money when living in a big city.
My Own Advisor says what he would do if he found $1000.
Dividend Growth Investor explains that dividend investing is not a black and white process
Have a great weekend!
Well I still have some boxes to unpack but I finally moved to Word Press. Somewhere along the way the box with previous user comments fell out of the truck and are lost forever so the only thing I can do is keep going forward with The Loonie Bin and not look back.
Here are some interesting reads I found this week so grab a coffee or some juice and enjoy the sunday blog roll!
Yakezie Blog Love:
The Dividend Ninja asks should I contribute to my TFSA or RRSP?
Young Cheap Living shows use how to hold yourself accountable to your budget.
Find Your Cash Cow asks should you invest in real estate or stocks.
Personal Finance Whiz says you should give yourself an allowance, and I agree!
Personal Blog Roll
The Passive Income Earner explains how to maximize your RRSP.
Boomer and Echo has boomer explaining how to set up DRIPs.
My Own Advisor has slain one of his financial dragons. Congrats Man!
Brad at Triage Investing Blog has an online turbo tax giveaway.
Susan Brunner reviews Power Corp
Sustainable PF is giving away 6 online H&R block tax returns for Canadian readers.
Enjoy the rest of you weekend everyone!
I have decided that Sunday would be an excellent day for a weekend reading post. Most people can sit down and relax for a while before their hectic week starts all over again so I thought it would be a perfect time to share some interesting reading material from my fellow bloggers.
I’ve been included in my first ever Yakezie Carnival and it feels great. There are lots of interesting posts from many bloggers in the Yakezie network. I would really like to thank The Amateur Financier for hosting the carnival this week and to my fellow Yakezie bloggers:
Part of the Yakezie Challenge is to selflessly promote others so I’d like to share some postings from some of my fellow challengers:
After College Money shares how he paid off $15,000 of student loans in one year. Great job, Eric!
American Debt Project tells about their 2012 savings goals.
Personal Finance Whiz asks how much he should have saved for retirement by the time he is 30. I wish I could write a post like that
Kamara over at The Modern Financial tells us to stop waiting for the new year to make RRSP contributions.
The Dividend Ninja asks us why we should invest in bonds. I’m not a huge fan of buying someone’s debt, but having diversity in one’s portfolio is always a good thing.
I’d also like to share with you some posts from my own, personal blog roll:
The Passive Income Earner lets you assess if the Smith Manoeuvre is right for you. I personally think it could be to risky, especially with a monster mortgage.
Susan Brunner gives us her take on Just Energy. I don’t agree with their business model either.
The Dividend Guy compares the top 4 Canadian REITS.
Brad at Triage Investing Blog talks about the best time to make extra mortgage payments. I’m a firm believer in lump sum payments.
Dividend Monk shows us 6 solid dividend payers from the states. I’m pretty sure everyone knows these brands and I’m looking into GE myself.
Dividend Watchdog wrote about the latest dividend increase from CN.
My Own Advisor wrote about how credit cards can be better than cash. I think credit cards are great tools, but are dangerous in the hands of fools.
Enjoy the rest of the weekend, folks!