Manulife Financial cut its dividend by a whopping 50%. They still made $1.8 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 good financial statement analysis can go a long way.
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.
48th Bankruptcy and Debt Carnival