Manulife Dividend Cut and Links
Manulife Financial cut its dividend by a whopping 50%. They still made .8 billion in Q2 so if anything it’s probably a good buy since the stock dipped 15% today. The company hasn’t done a good job managing the risk of its variable-annuity products over the last few years so this move was made to improve the balance sheet and lower risk.
This just goes to show that diversification is a key strategy in investing. It also shows that stock picking is hard – it doesn’t matter how well a company is doing or how long it has been doing it – you just don’t know what is really going on inside.
Some links
Million Dollar Journey talks about the purpose behind your financial goals.
Canadian Capitalist had a neat post on the merits of investing in collectibles such as rare stamps and coins.
Where Does All My Money Go found the impossible – free investment management.
Bible Money Matters goes through his experience with signing up for Lending Club peer to peer lending.
Cash Money Life has some unexpected ways a baby can change your budget. Patrick should know since he just had a baby.
Moolanomy explains how to find the best online high yield bank accounts. (American)
Military Finance Network goes over Dave Ramsey’s Baby Steps.
Carnivals
Economy and Your Finances Carnival
48th Bankruptcy and Debt Carnival
Carnival of 20 Something Finances
Carnival of Financial Planning
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