May 2009
14 posts
RRSP contribution room of over $200,000. I have never in my career seen that much contribution room for one person. Goodness, gracious.
RT @JonChevreau: The rise of DIY investing. Package in FP Weekend, including call for hybrid DIY plus fee-only advice: http://go2cut.com/TD
Way to piss off the people who butter your bread, Morningstar: http://bit.ly/Mk3RV
Are cars *really* a waste of money? http://bit.ly/KRKOT
Are cars really a waste of money?
The Financial Blogger put out a post yesterday, about suppressing the urge to buy a nice car because…well, just because. I get that the monthly payment was going to be higher than he was aiming for, and that some of the car’s features might not have been necessary.
On the other hand, I’ve found that when people don’t get the car they wanted in the first place, this tends...
Mackenzie Ivy has posted their quarterly update
http://bit.ly/131TlY
I get mixed reactions form other advisors on Ivy, but I’m a fan of this group of funds. They’ve stuck to quality businesses which make money even in slumping markets, and for a group of funds that is comprised of 90% stock holdings - or more - their volatility is remarkably low.
Not to mention their managers look like a breeding experiment between MENSA and...
Hat’s off to the web-savvy Jonathan Chevreau, who retweeted my tweet faster than a bucket of chicken disappears at Oprah’s place.
Gas prices have gone right back up again. Looks like I’m going back to pouring milk in my cereal, and bathing in water.
Sprott's revenue down 38% - http://bit.ly/uMFxG
Can’t say I’m very surprised to see this. When the wheels started to come off the equity market wagons last fall, Canadian hedge funds took a beating. Some have withstood the storm - Sprott, for example. Others folded, or their managers just packed up and left, e.g. Brendan Kyne’s Leeward Hedge Funds [Note: this guy really got under my skin with the parting shot “I...
Tweet-based financial plan, by National Post’s Jonathan Chevreau. Pithy, I say. http://bit.ly/Mw3yo
Ooof - Manulife Posts $1.07 Billion quarterly loss http://bit.ly/GzOSJ
Manulife Posts $1.07 Billion loss...
This gutpunch brought to you by a drop in premiums and deposits, massive writedowns, and pretty much every equity market taking a dump. The Canadian Press report, funny enough, was truncated in the Financial Post (No mention of the problem w/ premiums and deposits). I honestly and non-ironically wonder why that might be.
This doesn’t worry me to the extent that I’ll no longer offer...
Nation Ready to be Lied to About the Economy Again: http://bit.ly/NlvE9
Tax-Free Savings Accounts: Slow Your Roll
Tax-Free Savings Accounts. TFSAs, or “Tiffsas,” if you will. For the last year, we’ve been bombarded with information and advertisements from the banks through politicians, to your next-door neighbour - and, obviously, your advisor - asking if you’ve made YOUR contribution. At this point, one might get the impression that RRSPs have been put out to pasture.
I’m...