In the upcoming weeks you are going to notice more posts from finance writer Hank Coleman. I met Hank at FinCon11 (The Financial Bloggers Conference), and shortly thereafter he submitted a guest post for me on investing with DRIPs. That article did very well, and his recent post on investing with REITs even received a Globe and Mail mention! His latest Ninja post When Issuing a Dividend Can Be Dangerous, also generated a lot of reader interest.
I felt that Hank’s writing was a natural fit for the Ninja, so I asked him to join the Dividend Ninja as a staff writer. Hank is no slouch! He writes for other financial websites, has a Master’s Degree in Finance, and is currently studying to take the Certified Financial Planner exam.
You can read all of Hank Coleman’s posts on the Dividend Ninja, and of course on his own site MoneyQandA. I hope you enjoy his articles, and I welcome your feedback. Ultimately the Dividend Ninja is about you, the readers! So let me know what you think…
Ninja Posts around the Web
I wrote another featured post for BankNerd.ca this week on RRSP Strategies You Can Take to the Bank. For those who are contributing to their RRSP’s, I outlined three simple and winning strategies you can use for your RRSP contributions. (1) Save regularly instead of a lump-sum payment, (2) don’t borrow until February, and (3) invest your refund immediately! I promise, no more RRSP and TFSA posts, at least until next year (unless I see a really good post to mention) 😉
Other Posts around the Web
Are you looking for a financial advisor? Buchanan Wealth looks at some of the things you should consider before signing up with a new advisor.
Dan Bortolotti at The Canadian Couch Potato continued his interview with Scott Burns. Burns is the newspaper columnist and Chief Investment Strategist at AssetBuilder, who created the original Couch Potato portfolio more than 20 years ago! You can also read part one here. Nice interviews Dan!
Dividend Mantra had a couple of great posts this week. He discussed both his recent sale, and why you need to stick to your plan. Mantra is a buy-and-hold kinda guy, so when he sells something you can be sure he puts a lot of thought into it. What did he sell? You’ll have to read the post to find out. 😉
Matt at the Dividend Monk is at it again, another stellar post! This time he’s looking at companies with high switching costs. What does he mean by that? As Matt points out “some companies have businesses where it’s naturally difficult to switch to a competitor. This increases pricing power and makes revenue more stable..”
The Dividend Guy, had a good post on why you need to have a US RRSP Account. The bottom line is if you are buying and selling US Stocks in your RRSP, and you don’t have a US Dollar RRSP account, then you are getting hosed with additional foreign exchange charges. I agree with Mike in principle, but with TD Waterhouse I can wash my trades. That is the proceeds are placed in a US MMKT fund, and then used to buy another US stock, thereby “washing” the trade of any foreign exchange fees. At some point you still have to put money into the plan, and you will pay a foreign exchange fee at that time.
As many of you know one of my favourite topics besides investing in dividend stocks, and secretly index investing, is making money online. Steve at Money Infant, wrote a fantastic post about exactly the ways to make money blogging, in Is Blogging the Path to Wealth? If you are a new blogger, and you are asking yourself that very question, then this thorough article is where you want to start!
If you haven’t already, be sure to check out my previous guest post at Young and Thrifty, where I also answer that question, in Website Income vs Dividend Stocks. This post had a great response! As both Steve and I point out in our articles, many people get into blogging expecting easy money. Many people don’t realize the amount of work and patience involved to get a blog off the ground, never mind even starting to monetize it!
The Ninja was also featured in…
The Dividend Ninja was also featured in the following finance carnivals. Thank you!
- Yakezie Carnival at Financial Success for Young Adults
- Carnival of Financial Camaraderie at Thirty Six Months
- Canadian Finance Carnival at Canadian Finance Blog
- Carnival of Financial Planning at Aaron Hung
- Carnival of Retirement at My Personal Finance Journey
Have a nice weekend everyone! 🙂