The markets are having a nice October rally and are up about 5% in the past week. Will the rally last? Who knows, but I know if it goes back down I will be ready to buy more.
I was happy to receive an email earlier in the week from Capital One that explained a game-changer in their rewards system – the rewards are no longer tiered, which means you can redeem any amount of rewards for the full amount of travel costs. I use the Capital One Aspire Travel World Elite Mastercard and it pays 2% back on all purchases. Prior to the changes they had a restrictive rewards program which meant you needed 35,000 reward miles (equal to $350) to get the full value. But not anymore, and Rewards Cards Canada has the details here.
Another great change for rewards hogs – Tangerine is coming out with a no-fee, cash back Mastercard that pays 2% cash back on a limited number of spending categories. This card is similar to my Capital One with a few minor differences – mainly no fee and the spending category restriction. I’ve heard you can get around the restriction by adding a spouse and also setting up a bank account with Tangerine. Read more about their new card here.
Speaking of rewards cards, Barry gives a breakdown of the best travel credit cards available in Canada.
Over at My Own Advisor, Tawcan explains why he is planning to live off the dividends and distributions when he retires. The idea of living off distributions alone is very appealing for anyone looking for financial independence. Tawcan is building a diverse portfolio of dividend paying stocks that have a solid history of paying dividends.
Keith from DivHut gave his September 2015 dividend income – another impressive amount with a diverse portfolio of dividend paying stocks.
Canadian Budget Binder has an interesting article on a single man (veterinarian) who is having a hard time finding a frugal partner.
And finally, Alan writes about how his biggest purchase was (surprisingly) not a house.