- While you should have a portion of your equity portfolio in emerging markets, Money magazine’s Jason Zweig explains why now is the wrong time to jump into these volatile stocks.
- An article in The New York Times points out why you should rebalance your portfolio.
- Ellen Roseman tackles some frequently asked questions on auto insurance.
- The Bank of Canada’s model suggests that the Canadian dollar is 3 cents higher than where it should be, reports The Star.
- Soaring auto insurance rates were an election issue the last time around in Ontario. James Daw writes in The Star that premiums have dropped 14% to 16% since 2003, but some brokers are anticipating an increase later this year.
- The federal government has launched a review of pooled RESPs following numerous complaints from Canadians over unexpected fees and restrictions on withdrawals for part-time students.
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4 responses so far ↓
1 FourPillars // Aug 10, 2007 at 8:40 am
Very good emerging mkt article by Zweig. I actually sold my emerging markets a while back partly because of your stance (overvalued) on them, it just made me too nervous.
I’ll probably start buying back in bit by bit.
Mike
2 Canadian Capitalist // Aug 10, 2007 at 9:44 am
FP: I have about 2% in emerging markets and I am not selling them. However, I am not buying anything either even though I need to put 3% more into VWO. I am more than willing to wait because emerging markets are so volatile that 25% drops are not uncommon.
3 Phil S // Aug 10, 2007 at 11:00 am
I’m not buying anything but GICs and T-Bills at the moment.
But I have been thinking about diving into Options to try to take advantage of the market volatility as a short term trader. I haven’t actually done it yet, though. I’m brand new to Options and so I plan to spend this weekend doing some research into it before I make my first plunge.
4 The Dividend Guy // Aug 10, 2007 at 12:41 pm
I love the ‘This and That’ section of your site - always good info.
Just a comment for Phil S - IMHO this is the wrong time to try out options. If you are thinking of something like a less risky strategy such as Covered Calls, then there may be some opportuity here, but simply selling puts and calls could be disasterous. The market action we have seen in the last few days is nothing short of wild - more than in the past few years there is this unknowing of what is going on that can kill an option trader. Just ask the hedge fund traders!
Just my $0.02 however.
TDG
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