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A short video about why I recommend people save up at least $10,000 in order to get started with ETF or dividend stock investing. For some solid investing advice, check out Steve Peasley’s book: Above Average Investing for the Average Investor. It’s one of my favorites for giving you the goods about investing, minus all the hype and fluff.
Another reader question today: “Do you combine the 70:30 approach with dividend stocks (I mention a 70-30 approach for investing in my book, The Wealthy English Teacher, where I refer to something like having 70% of your portfolio in stocks and 30% in bonds)? Is it sensible to have a portfolio like the following: 10% HXT Horisons S&P/TSX 60 index 25% Vanguard FTSE Developed Index ETF 30% S&P 500 index 30% Horison’s Canadian Select Bond…
I was happy to see that Andrew Hallam in his book, The Global Expatriate’s Guide to Investing: From Millionaire Teacher to Millionaire Expat dislikes mutual funds as much as I do. It actually surprises me that more financial gurus, such as Dave Ramsey (from The Total Money Makeover) don’t jump off the mutual fund bandwagon and onto the index investing or dividend stock investing one. Anyway, mutual funds are a pretty terrible investment choice especially…
