Wow! What a week! (again!). This week I officially bought The Dividend Monk (you can read the full story here). I started to work on this acquisition in January, I’m very happy the deal is closed can I can move forward. I have set monthly income goals for my websites in order to be able to leave next year around America. After three months, my results are in line with my projections. I hope this purchase will increase my passive income and confirm that I will be financially free in 2016.
In the meantime, I’m still working 2 evenings per week + 1 full day on my blogs (this is why I can do so much lately!). I intend to keep up with this pace until I leave. Therefore, I have about 14 months of hard work in front of me. During those hard days of work, I always take a few minutes to read articles across the web.
What to read for the weekend:
Boomer & Echo talks about the very first account you should open when you start saving: your kid’s account! I’m the first one to be late on this topic (I opened my RESP account for my kids when I had my third one only!), but over the past three years, I’ve put closed to 10K (9.9K to be exact) and I have another $1,000 for my godson (I want to make sure my kids’ cousin go to school too!).
Dividend Growth Investors explains why stock charts are misleading. Here’s my favorite quote from this article: “It won’t matter whether Johnson & Johnson is selling at a 52 week high, or 52 week low.” I never thought stock price mattered when it comes down to buying the right stock.
Dividend Ladder covers Chubb Corporation (CB). I know it’s a dividend aristocrats but sales growth are close to… nothing over 10 years. I’m not convinced it’s the best investment at the moment. But that’s my 2 cents.
Dividend Mantra brings the topic of ethic while investing. There is definitely a large spectrum to ethic for anything and investing is no different. It’s pretty obvious when you talk about cigarette makers but is it the same thing with Coca-Cola and MikeyD selling junk food? Or what about Wal-Mart paying their employees minimal wages? I don’t know where the line stops. I guess it stops when you can sleep at night with your choices!
Dividend Earner brings an interesting strategy on the table for Canadian Investors; why not buying Canadian dividend stocks in US to receive US money? It’s a great way to protect your money from the US dollar, never thought of that!
Bert from Dividend Diplomats analyses Archer-Daniels Midland (ADM). For those who don’t know, ADM process oilseeds, corn, wheat and cocoa and manufacture different kind of vegetable oil. Good valuation, payout ratio under control and an growing dividend. Not to mention they are in a good industry.
Dividend Hawk talks about Kraft being bought by the same group as Heinz (Huh& Ketchup on my Kraft Dinner??). I’ve looked at Kraft a while back ago and didn’t find it interesting from a dividend investors perspective, I’ve must have missed something!
Passive Income Pursuit continues his series about plans for financial independence. I’m part of his 11% who will reach financial independence in the next 1-5 years…. But that’s because I’ll sell everything I own!
A Special Mention To….
Daniel Norris! He’s a multimillionaire baseball player who lives in a VW camper! His story is truly amazing and inspiring. It’s all about non-confirmity and living by your own rules. I’m now saying everybody should live in a camper, but everybody should live the way they want and enjoy life 100% regardless of people’s judgement.
This will be a busy weekend! My daughter has her fantasy skating show and my son is playing 2 soccer games!
I hope you will enjoy your weekend!