Saturday, August 24, 2013
Weekend Reading - August 24, 2013
I got home not long ago after putting the finishing touches on my 54th hour of work this week, wrapping it all up on a Saturday afternoon. Six days straight. I don't know about you, but I could think of much bigger and better things to do with my time than to spend 54 hours of it estimating repair costs, processing paperwork and answering phone calls.
And that's really the crux of my journey. That's what all the saving and investing is all about. It's about a way out; a path to freedom. And I hope that in my transparency and honesty in the way I approach the journey to financial independence you find inspiration to carve out your own path to freedom.
I have some great articles planned and some wonderful ideas in my head, just swirling around waiting for pen to be put to paper. I hope you all stick around and enjoy what I have planned! There's even a new medium in which I'm going to try to deliver content, and I hope you readers find some value in that. It's all coming very soon. In the meantime, I hope you all are enjoying your weekend!
Here are some excellent articles from fellow dividend growth investors, frugalists and personal finance bloggers from the past week.
Was the City intern who worked until 6am killed by his ambition to match his high flying father?
I'm not trying to compare this tragedy to my own plight, but there is something to be said about a healthy work-life balance. What a shame to see any 21-year old die with a bright future, but especially so when it happens in a dubious environment. His exact cause of death is yet to be determined, but there is speculation that exhaustion after working almost three days straight is at least partially to blame.
Ben's 7 Phases to Retirement
Joe had a great guest post this week that gave an explanation as to what the seven phases of retirement are and how they may impact your journey. I believe I'm in phase five right now, but I'm very hopeful that phase six isn't more than a decade away!
Wal-Mart Stores (WMT): A high dividend growth giant
Dividend Growth Investor recently analyzed Wal-Mart Stores, Inc. (WMT) and concluded that it's fairly valued with plenty of earnings and dividend growth ahead of it, even with competition both from traditional retailers and e-commerce. I tend to agree!
Five Dividend Stocks Buying Back Their Own Shares
Matt highlighted five companies that have a habit of buying back their own shares in a fairy regular and reliable manner, which works well to reduce the share count and increase the ownership positions of existing shareholders. Many of us are mixed on buybacks, but there is no doubt that they are effective over the long haul. Whether or not they are to be preferred over dividend payments, however, is another story.
An Update from the Post Job Life (The Good Life)
Kraig updated us all on what life looks like without a job. As you may or may not know, Kraig quit his well-paying full-time job not too long ago to focus on passions and entrepreneurship. I'm definitely envious of his spirit and the position he is in now! But, it's not all fun as he's busy working on projects that will allow his new life to be sustainable.
What Are Quality Dividend Stocks, And Why Should You Own Them?
Tim went over what exactly qualifies as a high quality company and why you, as an investor, should take such an active interest in wanting to own a small slice of these companies. I know I share this vision, as I have constructed my Freedom Fund to include what I believe to mostly be high quality companies with fairly strong growth prospects looking forward.
Fear is Just a Chemical
MMM reminded us all that fear is just a chemical within us, and because of that can easily be controlled and then overcome. I've talked a lot about this here on Dividend Mantra. Fear and greed are the two primary emotions that drive investors, and if you're able to overcome these emotions and react to basic reasoning you stand to do well over the long haul. As I've always recommended, conquer your fears and you'll become a much better person for it.
Get Realistic and Sell Your Stocks
The Dividend Guy talks about overcoming, ahem, fear and greed, and selling your stocks when they are no longer serving the purpose you set out for them when you bought them. Even if this means selling for a loss. He talks about a couple recent sells and how he used the capital from these sales to invest in Wal-Mart (WMT). See how nicely I tie things up?
Full Disclosure: Long WMT
Thanks for reading.
Photo Credit: Benoit Mahe