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This and That

August 16th, 2007 · 7 Comments

  1. Stay the course! With many equity markets now officially in correction mode (the TSX and the S&P 500 are 10% off their recent highs), as long as you have a well-diversified portfolio, it is important not to panic. While it is unpleasant to see your portfolio going down every day, the reality of equity markets is that they do go down occasionally.
  2. Jonathan Chevreau encourages readers not to panic in his column in the Financial Post and John Heinzl offers a 10-step recovery plan for panicked investors in The Globe and Mail.
  3. Does your online broker offer a security guarantee? Rob Carrick says that it should be an important consideration in choosing a discount broker.
  4. Google Finance has added data for many Canadian mutual funds. You can enter the name of the fund or the code in the search field and get information on a mutual fund.
  5. There were a spate of recalls this week: Nokia warned about battery problems in some phone models and Mattel warned about magnetic parts and lead paint in some of its toys.
  6. Ellen Roseman explains why you don’t receive cancelled cheques with your monthly statements anymore.

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Tags: Miscellaneous

7 responses so far ↓

  • 1 0xCC // Aug 17, 2007 at 9:09 am

    It looks like the panic may be over this morning. It has been a wild ride the last month but it seems like Bernanke was actually listening to Cramer a couple of weeks ago (do a search on YouTube for “Cramer loses it”, it is pretty interesting to watch) and they have cut the discount rate by 50 basis points. The US markets look like they are going to surge on that news but I wonder how long that will last. This seems like a temporary solution to me.

  • 2 willfly // Aug 17, 2007 at 2:31 pm

    Thanks for the links. I didn’t realize google added Canadian funds as well.

    I feel, markets will take few more weeks to recover, because the credit crunch will be eased a bit, but the bigger subprime problem remains.

  • 3 moneygardener // Aug 17, 2007 at 4:16 pm

    Great post.

    Thanks for the tip about Google finance.

    I really like that top 10 article. I included it within my recent post on my blog as well.

    What a wild week! It was a great time to pick up some bargains. I picked up BNS and added to YLO.UN.

  • 4 Phil S // Aug 17, 2007 at 4:32 pm

    I like the wealth of information on Google Finance, but for me the site causes my Explorer to crash from time to time. I don’t know if it is that site or my computer but that combination seems to be a volatile mix.

  • 5 Canadian Capitalist // Aug 20, 2007 at 9:22 am

    REITs and emerging markets are still not in my purchase range but I did buy some more VEA in the past week. I have a feeling that the correction is not over yet. I do agree that some babies are thrown out with the bathwater, so people who pick up good businesses are going to be happy.

  • 6 Market Timing « Financial Security Quest // Aug 21, 2007 at 8:19 am

    [...] general advice (according to the article posted by Canadian Capitalist last Friday and elsewhere) seems to be that the best thing to do would be [...]

  • 7 Jerry Hung // Aug 25, 2007 at 8:02 am

    Surprise you didn’t use Google Finance Canada’s address :P
    http://finance.google.ca

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