It’s great to be back in the reading saddle again, and have I got some outstanding pieces for you!

For those of you who are new around these parts, I’m a reader. (My friend Noel asked me the other day if I’d gotten to the last page of the internet yet. I haven’t, but I’m working on it.) I curate what I read and send it out into the world on Twitter, but like to come back to my list at the end of the month and pick out some of the most interesting, thought-provoking pieces and share them in one place.

In the past, this monthly exercise went out to email subscribers only, which just seemed selfish of me. From now on you can expect a couple of good reads to get you through the month right here on the regular.

Let’s dig in:

Bond Basics 3: Should You Wait for Higher Yields?

From Dan Bortolotti, a simple answer to a question I know you’re asking: “With yields so low now, is it even worth it to invest in bonds? Wouldn’t I be better off waiting until interest rates go up?”

Read Dan’s response here, and while you’re at it, listen to the podcast episode he released on the same topic here.

Why is it so hard to close the gender wage gap?

From Kate McInturff, and with the help of two monkeys named Fred and Ginger who are returning pebbles in return for delicious grapes (for Fred) and blah cucumbers (for Ginger) , we have this:

“He did his task. He got the grape. Clearly he is a wiz with the pebble. Who knows what Ginger is up to? Don’t tell Fred he doesn’t deserve his grape or that the grape was merely the result of luck on his part. No one wants to hear that.

Consider that 74% of members of parliament have lived a lifetime of getting grapes. Not to mention 98% of the top 100 CEOs in Canada. Add in three-quarters of all senior managers in the country.

This may go some way towards explaining why it is so very difficult to convince those with the power to do so to close the wage gap.”

Read the rest here

So I Got Chickens

From Kitty at Bitches get Riches, a smart and saucy reminder:

“Life is about more than financial optimization. Financial optimization frees you to make interesting, irrational choices about how to spend your time on Earth. One day I will lay upon my deathbed (hopefully in the air conditioned apartment with a good wifi signal supplied to me by those thoughtful lions). I will look back across my life and think of all the choices that I made.”

Read the rest here (No, seriously. You need to get acquainted with Kitty and Piggy.)

You can read this month’s entire list below, and browse through past lists here.

Headline for Canadian Personal Finance News | April 2017
May 10, 2017 - michaeljamesonmoney.com - 6
The Stock Market Only Goes Up | Michael James

"The only conclusion my lizard brain can draw is that the stock market only goes up."

May 10, 2017 - bitchesgetriches.com - 9
So I Got Chickens | Bitches Get Riches

"Life is about more than financial optimization. Financial optimization frees you to make interesting, irrational choices about how to spend your time on Earth. One day I will lay upon my deathbed (hopefully in the air conditioned apartment with a good wifi signal supplied to me by those thoughtful lions). I will look back across my life and think of all the choices that I made."

May 10, 2017 - beta.morningstar.com - 3
One Very Big Strike Against Active Management | John Rekenthaler

"The advice for active management to improve its fortunes is simple. First, take more care when opening and closing funds. Throwing investments against the wall to see what sticks, and shutting down those funds that don’t take hold, impresses nobody. That harms active management’s brand. Second, less is more! The lower the expense hurdle, the less high that management must jump."

May 10, 2017 - behindthenumbers.ca - 1
Why is it so hard to close the gender wage gap? | Kate McInturff

"Now put yourself in his place. He did his task. He got the grape. Clearly he is a wiz with the pebble. Who knows what Ginger is up to? Don’t tell Fred he doesn’t deserve his grape or that the grape was merely the result of luck on his part. No one wants to hear that.

Consider that 74% of members of parliament have lived a lifetime of getting grapes. Not to mention 98% of the top 100 CEOs in Canada. Add in three-quarters of all senior managers in the country.

This may go some way towards explaining why it is so very difficult to convince those with the power to do so to close the wage gap."

May 10, 2017 - carp.ca - 3
Have You Considered Retiring Later? | John De Goey

"The obvious financial benefit is that by adding modestly to your time in the workforce, you are increasing the number of years you are saving and deferring the point at which you begin withdrawing. That double-whammy can significantly increase either how long your money will last or how much you can spend on an annual basis without running out. "

May 10, 2017 - images.mscomm.morningstar.com - 3
[PDF] When More is Less: Rethinking Financial Health | Sarah Newcomb

"A finance-only definition of well-being assumes that emotional well-being will automatically follow economic stability—our research at Morningstar shows otherwise"

May 10, 2017 - peterlazaroff.com - 5
Cash is King: 3 Ways to Manage It the Right Way | Peter Lazaroff

"Your cash buffer belongs in your primary checking account. It acts as a level to mentally associate with a balance of zero. For example, if you cash buffer is $5,000 and you dip below that amount, you might consider exercising additional care with your expenses and payments."

May 10, 2017 - wsj.com - 3
The Mental Mistakes We Make With Retirement Spending | Meir Statman

"The same personality traits that facilitate saving for retirement become impediments when it is time to spend that money"

May 10, 2017 - collaborativefund.com - 0
Risk is How Much Time You Need | Morgan Housel

"If VC generates higher returns than large-cap public equities, it’s not because investors have to endure more risk. They just have to endure about the same amount of risk crammed into a much shorter period. Which is hard. There’s a cost to it. You pay for it, not with money but with worry and doubt."

May 10, 2017 - canadiancouchpotato.com - 1
Bond Basics 3: Should You Wait for Higher Yields? | Dan Bortolotti

"Bottom line: yes, interest rates are low and if they rise, bond index funds will lose value. But for most investors they should still be a permanent part of your portfolio."

Apr 20, 2017 - list.ly - 7
Canadian Personal Finance News | March 2017

March's list of the best Canadian personal finance news, articles, and blog posts from around the internet, expertly curated for interest and relevance

Sandi Martin

Co-Founder, Financial Planner at Spring Financial Planning
Fee only financial planner. Former banker. Money nerd. Curmudgeon only on days that end in "-day"

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