1. It is funny and incredible at the same time. Jon Chevreau reported on the Wealthy Boomer Blog that as a joke an author faked a news release announcing the launch of the first 100x leveraged ETFs — the Kelly Daily NASDAQ 100 Bull 100x ETF (Ticker: SOAR) and the Kelly Daily NASDAQ 100 Bear 100x ETF (Ticker: SINK). What happened then makes you wonder about the sanity of investors: 65% expressed an interest in owning these ETFs, 5% were “pretty sure” they already owned the 100x ETFs and only 30% got the humour. I wonder if Scott Ronalds of Steady Hand should have kidded about the H1N1 Fundamental Vaccine Equity Plus Fund
  2. It is heart warming to read Tax-Free Savings Accounts are proving to be very popular with Canadian investors. The Globe and Mail reported that Canadians have opened up 3.6 million TFSA accounts holding an average of $3,400.
  3. Recent college graduates are entering a grim job market with few, if any, job openings. Brad offers five tips to make yourself more attractive to potential employers in a tough job market.
  4. It could happen to anyone and when it does, it is very stressful. Frugal Trader on what steps to take now to mitigate the loss of a purse or wallet.
  5. Michael James points out that even when investment advice is sound, investors often read into them what they want to hear.
  6. Mr. Cheap points out that many investors forget to account for the value of their labour in figuring out the return on investment from their business.
  7. Canadian Financial Stuff believes that Bill Belichick did not take a prudent risk when the Football coach decided that the Pats will go for a fourth down on their 28 yard line when trailing the Colts by 6 points with 2:08 left on the clock. He warns against taking risks in finances, just as in football, when the downside is too great.
  8. David Bach made a career out of one idea — automate your finances. Gail agrees and says that automating your finances will make your life easier and free up time for other pursuits.
  9. While some jurisdictions may accept hand-written, holographic wills as valid, Thicken My Wallet says that the prudent course is to draft a will through a lawyer or a will kit.
  10. Don’t have a CLU about what FRM stands for? Preet has a nifty graphic on what different advisor designations stand for. Hint: view it on Internet Explorer.

Check out Today’s Economy Blog by Kevin Press. While Mr. Press works for Sun Life Financial and his blog is about navigating the treacherous waters of today’s economy and markets.

I’m unable to highlight all the articles worth checking out in my weekly round up but you can check them out through my Twitter feed. Have a great weekend everyone!

This article has 9 comments

  1. Thanks for the mention, my pigskin prognostication skills are much like my investing prognosticating skills (very suspect)

    Have a great weekend!

  2. Thanks for the mention. I like the 100x ETFs that go to zero on most trading days. They would actually be a good deal if they were only looked at, say, once a day to determine if there was any equity left. This would give the investor all the upside, but only part of the downside. The entity proving the loan for the leverage would be taking on risk.

  3. Thanks for the mention CC. Great list of content too; Scott’s sattire on new financial products was the highlight of my week for sure. I mentioned that maybe he should do this on a quarterly basis to keep the mood light!

  4. Thanks for the link. I laughed out loud about 5% were pretty sure they owned SINK! It explains why issuers keep pushing product. People think its like trading cards- you have to collect them all!

  5. Thanks for the link – great roundup. Some funny spoofs this week! 🙂

  6. Just thought I would mention to the people here that Ending the Rate Race is doing a give away of The Little Book of Bull Moves in Bear Markets. and it doesn’t have a lot of entries (none right now) . . . A good chance to read a new blog and sign up to get a free book.

    http://endingtheratrace.squarespace.com/home/2009/11/20/book-review-giveaway.html

  7. Thanks for the mention Ram! Enjoy the weekend!

  8. Thanks for the link CC. Hope you are having a great weekend!

  9. Just caught this, thanks so much for the mention. K.