The weekly roundup is here again. The weeks seem to fly by at this time of year, this one however, may have dragged on longer than anticipated for investors. It was a week of high volatility and heavy losses on most major stock exchanges. A ski slope with some 70 degree drops thrown in, would probably sum things up appropriately.
This is where I’d advise to sit back and put your “long-term investor” hat on, and ignore the daily noise. Trying to time the market doesn’t generally end well for most. In fact that leads me into my first bit of reading (or in this case listening and reading) for the week.
The Truth About Day Trading | Ben Felix
During a week when there was so much volatility, it may tempt you to try and capitalize on unsophisticated investors, right? Well in this video, Ben Felix discusses the question of whether Day Trading can be a smart approach in comparison to holding Index Funds. As usual, he takes a data-driven and evidence-based approach, examining real numbers to determine exactly how successful day traders are and how they fare against the overall market. Once you’ve discovered the miniscule chance of success you’ll have day trading and determine indexing may be a better approach, give his report on Dollar Cost Averaging vs. Lump Sum Investing a read. The results may surprise you.
Remote Learning During COVID-19 | Eat Sleep Breathe FI
The pandemic has been challenging for everyone, but I think it’s been even more so for certain families. Those who are at home or worse, trying to work from home while supervising remote learning, or “Virtual School”, are probably at their wits end some days. In this detailed article, the discussion points out both the some amazingly positive and some downright negative aspects of home schooling – along with various challenges that can arise. It’s somewhat comforting to read that others are going through similar challenges as they try to navigate our current situation, that’s likely an aspect that made this peace so enjoyable.
Sharing Childcare Duties with your Spouse | Tread Lightly Retire Early
Another good piece on how COVID-19 has forced people to alter their working situation and even re-examine their lives. Sometimes it takes an event such as this for people to take a step back and realize what’s truly important to them, or how they can enhance their lives at this moment in time. Things like working from home can be a challenge, but it also offers unique benefits to parents. It might not be easy, but you get to spend more of your day with those little people you love so much.
The Best Canadian Dividend ETF | Another Loonie
Finally this week, we have an in-depth look at some of The Best Canadian Dividend ETFs. Many of us just don’t have the time, or the inclination to manage a stock portfolio full of dividend-payers. Diversifying, dripping, rebalancing, tracking yields… All that jargon alone can be intimidating enough for a novice investor. This is where ETFs can simplify your life, and Another Loonie has given a rundown of some of the Best Canadian Dividend ETFs for you to consider purchasing.
That’s a wrap for this Sunday, if you have some time, check out the latest articles on the homepage including one on Emergency Funds and how having one might benefit you.
Hope everyone has a wonderful weekend!
Thanks for sharing my article, Family Money Saver!
I absolutely love that video from Ben Felix. I need to share it with a few of my friends who seem far too hung up on “playing” in the market. His podcast, Rational Reminder, is also an excellent resource.
Definitely some excellent content from Ben, he’s wicked smart and always uses logical arguments with data to back it up. Thanks for stopping by!
Thanks for the shout-out! I’m happy to hear that sharing my remote learning experience has been helpful, if only to commiserate!
It’s a challenging time for everyone. Being able to connect with others, even if only virtually, still helps.
Thanks also for the other content recommendations. I’ve read one (Angela’s post) and have added the others to my “read later” list.
I hope you’re enjoying your weekend!
Thanks for reading and commenting. Yeah, I wouldn’t picture you as a day trader or looking at that article first, but the stats were super-interesting and probably makes people feel good about indexing!