I meant to write and publish this article earlier in the weekend, but I’ve been too busy just having fun. The weather has been absolutely incredible down here in Southwest Florida, which has made it difficult to stay indoors. As such, Claudia and I ran some errands yesterday – she just landed a new, higher-paying job which requires some new clothes – via the bus and our own two feet.
Other than that, we spent our Saturday night in one of the best ways possible: pizza and a couple of rental movies.
I tell ya, I used to dread Sundays (especially Sunday evenings). For me, it was just the ending of a weekend that was far too short, which meant the countdown to Monday morning and the long workweek was already beginning. It was almost like being imprisoned for most of your time, but being let free just long enough to taste freedom and know what you were missing out on.
No longer, however, as I now enjoy Sundays just as much as any other day, which is to say that every day is wonderful. No more anxiety in response to the thought of heading back to the office in 12 or so hours. No more sadness because my freedom might end.
There are some excellent articles I’m including for your reading pleasure below, so I hope you all enjoy the compilation. Enjoy the rest of the weekend!
Undervalued Dividend Growth Stock of the Week
I highlighted an industrial conglomerate that appears to be potentially significantly undervalued right now. Check it out.
Route to an $8 Million Portfolio Started With Frugal Living
Special Note: You can Google the headline as a way around the paywall, if one pops up. Folks, if you’re looking for proof that frugal living and investing excess capital into high-quality stocks that pay and grow dividends works and grows wealth in a dramatic way, you’re looking at it.
Mr. Read owned at least 95 stocks at the time of his death, many of which he had held for years, if not decades. They were spread across a variety of sectors, including railroads, utility companies, banks, health care, telecom and consumer products. He avoided technology stocks.
Friends say Mr. Read typically bought shares of companies he was familiar with and those that paid out hefty dividends. When dividend checks came in the mail, he plowed the money back into more shares, Ms. Bokum says.
Remind you of anyone?
Should You Hold on to Large Pockets of Cash?
No More Waffles took a couple of articles I’ve written on the opportunity cost of holding a lot of cash – especially early on in your journey – and used those as a jumping off point to discuss the ins and outs of the decision to hold a good chunk of cash and why he’s personally holding a lot of cash. Like almost everything else in life, it’s an individual call. The quantitative side of the argument means the hard math will show you that you’re better off investing cash fairly quickly, while the qualitative side is quite individualistic. I’ve always said that investing in stocks, especially a high allocation, isn’t for everyone, and all the same neither is holding a small amount of cash. No returns are worth not being able to sleep at night, in my opinion.
These 37 Stocks Go Ex-Dividend Next Week
More than three dozen dividend growth stocks go ex-dividend next week, which you can see here. I then took a closer look at one of these stocks in particular, which just so happens to be a stock that Buffett has been buying up like crazy lately. It’s also a stock in my Freedom Fund. Always great to be a fellow shareholder with Warren.
AT&T – I Just Bought More Stock
Dividend Dreams has been busy lately with putting a lot of capital to work from rollover funds from a 401(k) and Roth 401(k). And AT&T Inc. (T) is where a good chunk of his capital recently went. This was also a stock purchase of mine not too long ago. And Ryan from My Dividend Growth also picked up shares last week.
If You Like Cigars, Whisky, And F$cked Up Charts
This video isn’t new, but it is hilarious. Came across it not long ago and figured I’d share.
I’d Rather Be Young
J$ reminded us why it’s a good idea to slow down and enjoy our youth and time. I notice a lot of us (me included, sometimes) are too busy focusing on a future where we’ll be in a better situation because any number of financial situations will come to pass (debt will be paid off, or dividend income will be $X, or a pension will be online). But, like J$ pointed out, time and youth is far more valuable than any of those things. My comment to this article was:
…I once wrote an article where I asked readers what they’d pay if you could go down to your local Walmart or store or whatever and buy time. What if they sold time in one-year or five-year or ten-year increments. What would you pay? You’d probably pay a hell of a lot of money. If you were old and dying, you’d probably pay all you had. Which is why it begs the question why are so many people working away their youth for more money when they already have something (time) that’s already so much more valuable…
Decision Made… Philip Morris > Lorillard
Lanny swapped Lorillard Inc. (LO) for Philip Morris International Inc. (PM), which makes sense to me. Higher quality, more yield, and lower valuation. I’m personally probably going to hold on to what LO I have, as the acquisition by Reynolds American, Inc. (RAI) seems likely. I’ll collect some shares in RAI and use the cash I receive to diversify elsewhere.
The Ultimate Stock-Pickers’ Top 10 Dividend Stocks
Morningstar listed some of the most popular dividend stocks that are being actively purchased, as well as those that are currently the most widely held.
The Man In The Van
This is a really unique, interesting, and fantastic article that I wasn’t even aware of until a reader passed it along. Norris – and the article – epitomizes some of the things I’ve been writing about lately. He has freedom from a wasteful megamansion and all the trappings that comes with, which offers him freedom to live live on his terms. I don’t know if I’d want to live in a 1978 Volkswagen camper if I had a $2 million signing bonus waiting for me, but I also know that I wouldn’t live life a whole lot differently than I do now even if I had millions. It doesn’t take much to be happy. Just like selling my car was about way more than money, life in general is about way more than money. Those who focus completely on money are probably missing out on 99% of life. I highly recommend reading this article.
Full Disclosure: Long PM, T, and LO.
Thanks for reading.
Photo Credit: gubgib/FreeDigitalPhotos.net
Edit: Added note for WSJ paywall.