Comments on: This and That: Money Mistakes and more…

By: Preet Banerjee

Preet Banerjee — Fri, 28 Aug 2009 18:38:10 +0000

Thanks for the link CC!

By: Canadian Capitalist

Canadian Capitalist — Fri, 28 Aug 2009 17:47:58 +0000

@Phil: I’m not a huge fan of vacation properties either. It’s not just the expense — I’m pretty sure that I’ll be spending even more free time on maintaining another property. Of course, those who love that sort of thing would beg to differ but I’d rather take a nice vacation every year.

By: Phil S

Phil S — Fri, 28 Aug 2009 14:33:53 +0000

On #4: I recently had a long lunch conversation about that subject. The advice given to me was that if I’m only planning to buy a place where I’m going to spend 2 or 3 weeks of vacation a year, it makes absolutely no sense to buy a vacation property – I’m better off just booking a hotel or resort. The only time when it might even START to make financial sense is if you or your family spend at least 6 months of the year in your vacation property…

By: Phil S

Phil S — Fri, 28 Aug 2009 14:20:45 +0000

On #1: For me, almost every stock I buy pays me to hold onto it – some sort of distribution whether it is a dividend or interest. So, as long as the credit quality stays relatively strong and they continue to pay, why shouldn’t I continue to hold it? That said, I do have a few stocks that suspended distributions and dropped 90% of their value because of it, but that’s what happens in a recession. I’m still not too worried as long as they remain solvent, they will rebound when economic conditions improve. It just doesn’t make any sense to sell them because I don’t have any more capital gains to write off and I still like their business.

By: MDJ

MDJ — Fri, 28 Aug 2009 11:43:02 +0000

Thanks for the link CC!

By: Michael James

Michael James — Thu, 27 Aug 2009 22:39:01 +0000

Thanks for the mention. The Statman article is quite good, although I’m not sure I agree that most investors are “neither irrational nor insane”. But, saying this probably draws more people into reading the article.