More Reasons to Change Banks
There are many reasons to change banks , and remember you are the customer and they should be giving you good service, for the huge fees paid.
A Great Financial Idea Dies
Back when the charges for using white ATMs or non-brand ATM machines cost too damn much.
RDSPs, Thrifty NFLers, Election Ho Hum and #BestMoneyStories
There was an excellent article on Disability Tax Credits for disabled children and how to apply for it (on the Brighter Life website) done by Sheryl Smolkin, that I most heartily suggest you go read. This article and “interview” with me were what caused me to write RDSP Questions and Answers, but as usual, Ms. Smolkin did a much better job on the subject. Go and have a read to understand the intricacies folks with children with disabilities must go through to get help from the CRA (getting help from other places is even more exciting). I’d like to thank Ms. Smolkin for interviewing me.
There have been a couple of interesting articles talking about frugal NFL players living within their means, which is a heartening topic to read about. The St. Louis Rams have a program for rookies about how to be Money Wise, but John Urschel (a noted mathematician as well), who is an offensive lineman for the Baltimore Ravens, has a roommate and drives a very frugal car. Urschel is a mathematician who has published a few papers, which is a few more than I have (and I claim to be a Mathematician as well). Another player Ryan Broyles (a wide receiver for the Detroit Lions) is also living a frugal life because he is aware of just how short his career might be. How short can your career be? Ask the Steelers who tore his ACL during the Hall of Fame Game on Sunday night. My plan for Fantasy Football this year is to have Watson be my Fantasy Football Coach. Did you know that Zdeno Chara of the NHL has a financial planning certificate from Algonquin College? Not all players will squander their fortunes (but unfortunately, far too many do).
Good to see Mr. Duffy back on the public payroll during this trying time in his life. The biggest excitement economically was the Chinese government’s enforced devaluation of the Yuan. What will be the impact on Canada’s economy (ouch), and the fragile commodity-reliant Canadian Economy take another hit.
My Writings for Week Ending August 14th
Another sluggish week for me in terms of writing, but that was mostly due to being busy doing other things. I am attending CFPC (which LSM Insurance is giving tickets away for), so that may really reinvigorate my writing :
- The only new writing I did this week was pointing out that there were 6600 more jobs in Canada (from June to July). Whether anyone on the election trail will use that as fodder for discussions, is unknown.
- The continued Financial Blogger advice for young folks in debt, to move back in with their parents to “… save money…” caused me to erupt on Twitter and to also bring back one of my favourite acronyms in this area K.I.P.P.E.R.S. , read it and understand why a 54-year-old father of 4 might get twitchy with that kind of advice.
- I do remember an N.C.F.B.A. that Rob Carrick attended where he erupted with a great line that I had to use as the title to an article Atrociously Dangerous Investment Advice.
- I still haven’t heard from my query, Dear Market Gurus: How do I get 7% Growth? Not sure if I ever will.
Poor Krystal didn’t know that she hit a nerve with me:
Read More »RDSPs, Thrifty NFLers, Election Ho Hum and #BestMoneyStories
6600 More Jobs in Canada in July
6600 More Jobs in Canada in July 2015. More jobs is always a very good thing in Canada, even back then. What might have caused that? Not sure.
Cheap Gold, Cheap Oil, Weak Dollar, Election Week 1 and #BestMoneyStories
The Canadian Economy keeps taking it in the teeth these days, in terms of its over-reliance on commodities and the cheaper prices of Oil and now on Gold (Au). Gold now sits at a 5-year low in terms of its price, and it is making it less attractive to mine gold, thus doing jobs in mining scarce, to go along with the problems already seen in the oil patches. The lower Canadian dollar will make manufacturing jobs in Canada look more attractive, but we shall see whether that part of the economy awakes from it’s 9 year slumber. The Canadian NHL teams will also have issues with their revenues (given they must pay their players in US $).
Seems like maybe we should have thought about this when the Canadian Dollar was strong, and Oil was over $100 a barrel. Just saying.
Speaking of cheap Oil prices, glad to see gas prices aren’t dropping quickly, even with oil under $60 a barrel, but the price of gasoline has nothing to do with the price of oil, does it?
A sad farewell to Jon Stewart at the Daily Show, many a great quip has come from that show and its writers, we shall see whether it can whether Mr. Stewart’s departure.
The first “leaders” debate transpired last night, but my guess is, it wasn’t nearly as interesting as any debate that might include the “Master of Disaster” Donald Trump. He makes politics interesting again (or at least as interesting as UFC to watch). This week in the election we have had wagged fingers for the Tories and NDP calling Justin Trudeau by his first name (nice hair though), Mr. Harper promising that one day he might, if the budget is balanced, and oil goes back up in price, think about possibly bringing back the home renovation credit, and Mr. Mulcair mostly chuckling in the background, realizing he doesn’t have to open his mouth and he could win a majority. The Green party is doing something, and the Bloc has decided to run a stealth campaign of their own, maybe we’ll look back in on this lot in September?
My Writings for Week Ending August 7th
Well, I didn’t really write much this week, thanks to vacations and studying for my French Exams), but I did go through my archives and found some of my favorites from the past :
- A great financial understatement is really me commenting on my own dry commentary on the stock market implosion of 2008. Those were bad times, but thanks to that I managed to make some great investments? Yes, it doesn’t make a lot of sense, but that is how things work sometimes.
- Advice: Best Financial Advice Ever Given, is one of my favorite money related parable/joke that my Father told me, and this interesting icon on the right came from that exact same post as well.
- To give you an orthogonal response to the previous post, The Worst Financial Advice Ever Given, is me making a big mistake with a friend (and one of the reasons I don’t give out advice, except to my kids).
People call Ottawa the city where fun went to die, I think I disagree, it is the city where
fidelity went to die:
Read More »Cheap Gold, Cheap Oil, Weak Dollar, Election Week 1 and #BestMoneyStories
