Friday, April 19, 2013
Weekend Reading - April 19, 2013
I'm greatly looking forward to this weekend. As I write this it's Friday evening and I'm worn out. Unfortunately, I also have to put in about 5 hours tomorrow morning at work. I've already logged 50 hours, so it's been a long week. And people actually wonder why I'm pursuing financial independence/early retirement?? Anyway, once I'm done with work at about 1 p.m. tomorrow I'm ready to live it up this weekend!
I've actually rented a room at The Helmsley Sandcastle for one night. This is a hotel right on the beach on Lido Key, FL. This hotel is located about 14 miles from our apartment. My girlfriend and I check in Saturday afternoon and check out Sunday morning. It's her birthday and so I wanted to do something different and fun. It'll just be the two of us, so we're both greatly looking forward to staying right on the beach for the night and grabbing some grub at a nice restaurant for dinner.
Have I gone crazy? What about living frugally?!
Well, this is the cheapest beach side hotel in the entire area, and I paid just over $130 for the night all-in. Plus, we can get there by bus so there is no need for a big taxi bill. We're basically doing a little 'staycation' for the weekend. It'll be fun, different and relatively inexpensive. Plus, my girlfriend has been incredibly supportive of my journey to financial independence and I think she deserves a special little treat for her birthday.
But, enough about me. I hope all my readers out there have a wonderful, safe and very enjoyable weekend!
Here are some excellent articles from fellow dividend growth investors, frugalists and personal finance bloggers from the past week.
5 Dividend Stocks Trading at Appealing Valuations
Dividend Monk put a nice list of five dividend stocks that he believes are trading at attractive valuations. Interestingly enough, I recently purchased two on the list: BBL and APD. Good stuff!
Six Dividend Paying Stocks I Purchased for my IRA
Dividend Growth Investor shared some recent moves, as he publicized some recent investments and why he decided to put some capital to work inside a tax sheltered account. I love the list, and all six are large holdings for me.
Recent Buy: Teck Resources and Barrick Gold
Dividend Ninja highlights some recent investments in commodity-based companies. I guess he and I were on the same wavelength as I recently deployed fresh capital into the aforementioned BBL and APD investments. Way to go, Ninja!
Reader Question - What stocks have paid dividends for generations?
My Own Advisor answered a reader question when he listed numerous companies that have paid dividends for many, many decades. Many of these companies have been paying dividends since the 1800's! Simply mind boggling when you really sit down and think about it. WWI, WWII, Vietnam, The Great Depression, the end of the gold standard, the fall of the Berlin Wall have all occurred during this time and yet these companies kept sending dividend checks to their investors. Wonderful!
Proctor & Gamble Dividend Stock Analysis
Passive Income Pursuit analyzed Procter & Gamble (PG) and decided it was currently overvalued. This is a very high quality company, and just recently raised its dividend for the 57th year. But as always, one shouldn't overpay even for high quality. It would probably be prudent to wait for a pullback in PG shares before buying.
How I Lost $1,400 Today and Why That's Okay
Kraig talked about being greedy when others are fearful, as he decided to deploy $5,000 worth of fresh capital into an index fund he is currently long on after the recent broad market drop this past Monday. Great long-term vision and good move. I also deployed capital on the same day in BBL after it dropped over 5%.
An Amazing New Prescription Medication
MMM had a fantastic post on an "amazing new prescription" that is guaranteed to increase your overall health and lead to an almost immediate impact on how you feel. It's called - wait for it - walking. Great stuff, as always.
Why Do People Hate Their Jobs?
Think you really love your job? Think I'm crazy for actually wanting to retire by 40 years old? Read this fantastic and humorous post by James Altucher. Funny, but unfortunately truer than one would like to believe.
Retire by 40: What's wrong with this goal?
Integrator wrote a thought-provoking post on why so many people have so much vitriol for people like me who want to retire at a young age. Is it ignorance? Jealousy? I'm not totally sure what it is, but I think there are a lot of people out there chained to their jobs, mortgages, car loans, credit card bills and the like...and so anyone like me who pursues freedom is like a leper. I'm generally supportive of all kinds of lifestyles. As long as you're not hurting anyone and you're happy I say live and let live. It's unfortunate that there aren't more people out there that are generally supportive of other ideas and lifestyles. Close-mindedness is very unattractive.
Portfolio Update Q1
The Dividend Guy reviews his portfolio for the first quarter and the performance of it thus far. Great list of stocks there. I own many of those myself and I'm generally happy with how the first quarter has gone. I wish there were more attractively valued stocks, but I haven't been afraid to deploy capital as April was one of my biggest months in a long time in regards to new purchases and capital deployment.
Full Disclosure: Long APD, BBL
Thanks for reading.
Photo Credit: Benoit Mahe