First, here’s a new poll. This is the second poll on Dividend Monk, and the first one from months ago had hundreds of responders.
This one consists of 6 easy questions and should take less than 2 minutes to complete, and it’s anonymous. The purpose of the poll is to keep making this website better; the more I understand the readers the more I can tailor posts that meet your goals. I also get asked about investing tools sometimes, so this helps me make recommendations.
Why using your nest as your sole retirement nest egg is a bad idea
Mark from My Own Advisor talks about not using your primary residence as your key investment asset.
Book Review: Purple Chips
Dividend Engineering reviewed ‘Purple Chips’ by John Schwinghamer. The sturdiest large caps are often called “blue chips”, and this book refers to investing in the “royalties of the blue chip stocks”.
Jim Collins interview
The Mad Fientest (which refers to seeking financial independence) interviewed Jim Collins in his podcast about “F-You Money”. It’s a blunt term to describe having enough financial wealth and passive income to be able to walk away from things you don’t want to do, like a distasteful job. It could refer to having a large enough cash buffer to be able to find another job easily, or it could refer to not having to work anymore due to having enough wealth and money to perpetually cover living expenses. It’s important to note that it’s not about not working, it’s about not having to work on things you don’t want to work on.
It could take a decade or so to become financially independent but only a year or a few years to have a comfortable cash buffer to facilitate over a year of not working.
How my wife and I are getting a degree in economics for free
Marvin from Brick by Brick Investing talks about how bad financial education is in most schools, and what he and his wife are doing to correct that.
How to rebalance a stock portfolio
The Passive Income Earner talks about setting and keeping sector targets.
This company is spicing up its dividend
D4L covers this spice company and its dividend increase, plus seven other companies boosting their dividends.
Buy and hold means buy and monitor
DGI talks about monitoring investments. Long-term investing isn’t about holding at all costs; it’s about holding as long as the right conditions persist.
I have a confession: I don’t have a budget
Latisha from Young Adult Finances talks about why she doesn’t keep a budget. She follows certain financial “rules”, like paying herself first (or second), but does not keep an actual budget. I purposely don’t keep a budget either, but instead just focus on priorities.
Taxes on dividend income could rise as high as 43.4% after the Fiscal Cliff
Evan from My Journey to Millions talks about the potential for upcoming dividend tax increases. I’ve talked about this potential outcome as well in my dividend newsletter and options to deal with it (and one of those options is doing nothing). This could have a moderate effect on the dividend taxes of middle class and upper middle class Americans, and would affect upper class Americans to a greater extent.