Canadian Capitalist

A Canadian Personal Finance Weblog

Entries from May 2006

Reducing Exposure to Commodities

May 16th, 2006 · No Comments

The TSX Composite Index has an exposure of 28% to energy and 14% to the materials sector. The past few days, in which the TSX Index fell triple digits for three straight days, indicate that such a high weighting to the commodities sector can be dangerous. Globe and Mail columnist, Rob Carrick, has written a [...]

[Read more →]

Tags: Investing

Labour Funds Are Best Avoided

May 15th, 2006 · 6 Comments

The broker made money and the firm made money - and two out of three ain’t bad. - Old Wall Street joke
I have been highly negative on labour-sponsored funds or venture capital mutual funds before. Partly, it has to do with my personal experience: my very first investment was a venture capital fund that I [...]

[Read more →]

Tags: Investing

Buy Gold! Buy Gold!

May 14th, 2006 · 7 Comments

A full-page ad for gold coins is often featured in The National Post these days with the headline “GOLD BLASTS PAST $644/oz! BUY NOW - EXPERTS NOW PREDICT $2,000 - $3,000 per oz”. It is quite true that gold has been on a tear recently reaching multi-decade highs. However, gold is a very poor investment: [...]

[Read more →]

Tags: Investing

Virgin Mobile Disappoints

May 11th, 2006 · 5 Comments

I use Virgin Mobile’s prepaid service and have been very impressed with their 120-day expiry period for top-ups of $15 or more. I referred many friends to their service and now find that Virgin Mobile has significantly shortened their expiry periods. While Virgin Mobile continues to offers the best value for occasional users, I would [...]

[Read more →]

Tags: Consumer · Spending

Investing: Getting Started

May 10th, 2006 · No Comments

Recently, I received the following query from a reader:
I am new and very interested in learning everything I can about investing. Where and how do I learn at a new baby level? We are getting to be middle aged and the fear is setting in for us. We don’t want to be left behind. Thanks.
Investing [...]

[Read more →]

Tags: Investing

In MoneySense Magazine

May 9th, 2006 · 9 Comments

I finally got hold of my copy of the May 2006 edition of MoneySense magazine and quickly turned to Page 68 to find the following comments (Thanks Frugal Focus for the heads up!) about this blog:
CANADIAN CAPITALIST (www.canadiancapitalist.com, free): Written by an anonymous electrical engineer in Ottawa, this blog covers the author’s adventures in investing, [...]

[Read more →]

Tags: Miscellaneous

The Canada Child Tax Benefit

May 8th, 2006 · 3 Comments

In chatting with friends who have children and a stay-at-home spouse, I find that many of them do not apply for the Canada Child Tax Benefit (CCTB), even though they may be eligible based on their household net income. Let’s say that someone with a stay-at-home spouse makes $80,000 per annum. Also, assume that they [...]

[Read more →]

Tags: Canadian Interest

Bill Miller’s Market Commentary

May 7th, 2006 · No Comments

Everyone is getting into commodities these days. At the lunch table, I hear people discussing about oil, gas, copper, uranium, gold and silver and how they are making a killing on some obscure outfit that is prospecting for natural gas. If you are planning to invest in commodities or even if you are not, check [...]

[Read more →]

Tags: Investing

The Little Book Giveaway

May 4th, 2006 · 38 Comments

I really enjoyed reading The Little Book That Beats the Market and as promised, I am giving away a copy of the book. It is very simple to participate in the giveaway: Just leave a comment to this post and don’t forget to include your email address (It is not displayed). There are just a [...]

[Read more →]

Tags: Miscellaneous

Canadian MoneySaver Seminar

May 3rd, 2006 · 6 Comments

I attended the Canadian MoneySaver seminar titled Cost Cutting Your Way to Wealth presented by founder Dale Ennis at a Costco Warehouse location in town. I enjoyed the seminar and highly recommend it to anyone interested in learning how to improve their financial situation.
Mr. Ennis talked about the importance of saving money to build wealth, [...]

[Read more →]

Tags: Miscellaneous