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Friday, April 18, 2014

Wander Reading #27

Posted by Tim Stobbs on August 27, 2010

Lack of sleep from crying kid? Check.  Out of coffee except for decaf? Check.  Dentist appointment this morning? Check.  I  hope your morning is going better than mine.  Happy Friday!  Now onto the  links.

Larry McDonald provides a interesting read and story on the history of Employee Stock Ownership Plans.

Get Rich Slowly shares why he buys local.  I personally like the debate towards the end of the positive and negative points of buying local.

Early Retirement Extreme talks about slaying the ‘enough’ dragon.  I battle my ‘more is better’ dragon at least a few times a week.  Also I can’t resist this post about what is happening to the middle class and why to teach your kids to avoid debt.

Million Dollar Journey points out the downsides of owning REITs, which made a few good points.  I personally like them because I’m lazy and don’t want to be stuck in a single real estate market.

If you ever had to track the adjusted cost base (ACB) for a stock you know how much of a pain in the ass that can be.  Well to your rescue came the Canadian Capitalist with his spreadsheet.  Go get a copy if you need it.

For those truly geeky people that love following every little change in legislation the official notice of changes to the CPP that will take affect in 2012 and 2014.

An interesting article that looks at the stats behind how much do you need to retire.

Tim Ferriss, author of the Four Hour Workweek, takes about the publishing industry and how authors make money (or lack there of).  This came about after Seth Godin recently announced that he will no longer use traditional publishing.  It’s all rather interesting to see an industry in transition.

Comments

4 Responses to “Wander Reading #27”
  1. 1. Glad you liked the ESOP post.

  2. Thanks for the mention Tim! Have a great weekend!

  3. deegee says:

    I cleaned up from my company’s ESOP. Introduced in 1997 when my company went from non-profit to for-profit, it was in addition to our 401(k) plan. We received some new shares each year based on our total compensation but it was the capital appreciation in those shares which really made the value take off. It grew by 3000% (yes, that is three THOUSAND) from 1997-2008 when I retired and cashed it out. Thanks to a tax law change in 2005, I paid federal income taxes at only 15% (long term cap gains) on the growth (NUA) and early withdrawal penalties on the miniscule par value of the shares.

    Sometimes ESOPs can be very good for the employees. :)

  4. Thanks for the mention Tim!

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