End of Summer

I am sick today. My husband was kind enough to take all the children out of the house to visit some family while I recover. We had a glorious summer in our new rental. I did absolutely no investing over the summer. I checked my accounts only a handful of times. Although I did not check often, the dividends continued to pile up. Almost $600 in cash in my TFSA and $50 in my RRSP. The good news is, a portion of my inheritance came in. I felt it necessary not to decide what to do with it immediately but to wait. I eventually decided to pay 15% to my mortgage, and then wait with the remainder. I am glad I waited. It was very difficult and emotional, more so than I anticipated. The bank kept calling, asking what I planned to do with the money. They had plans for the money. I told them I had my own plans and I wasn’t interested. They called back. I told them I didn’t live near a branch and going to see them was an inconvenience. It’s true. The big banks don’t service rural Canadians but they sure want our money.

Spending wise, in the end I went a head and made one large purchase this summer. Three violins, all for my children who have started music lessons. A great investment in my eyes. (I am biased, I play the violin). My father loved classical music (specifically the UK’s Classic FM) and the Opera Lyra, and my mother was a cantor at church. A lovely purchase in their honour. I have yet to buy a piano, however I am looking for one on Kijiji. Maybe for Christmas.

Although I didn’t purchase any stocks, I made a very important investment. I invested in my husband. I used some of my savings and some of my inheritance to help him start a plumbing company. Setting up costs like corporation fees, accounting fees, a used van, decals, business cards, mechanical repairs, different types of insurance, tools, material, small advertising and many types of government licenses. Some say buying a house is the largest purchase one will ever make. But investing in your own family business must be one of the largest investments one can ever make.

To think that many of the companies we invest in were started by someone, a family, or a small group of individuals. They grew, maintained profits and continue to exist many decades later. That’s an amazing feat. They even share their profits through dividends. I am not sure I would be as generous – ha! These companies, although many started by men, must have had great wives behind them.

Farewell for now. I will be back with my newest purchases soon. I won’t make you wait as long.

Happy investing,
Heather

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