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This and That # 114: So, why exactly did we spend $300m on an election? Edition

October 16th, 2008 · 9 Comments

  1. Odlum Brown’s Murray Leith is optimistic that the actions taken by central banks around the world will address the credit crunch and offers his take on investment opportunities available in these volatile markets.
  2. Investors with unhedged US equity exposure will be benefitting from the sharp decline in the value of our dollar.
  3. The Wealthy Boomer wonders if the markets hit bottom on October 10.
  4. Larry MacDonald on three steps investors can take now to take advantage of lower equity prices.
  5. Frugal Trader talks about how his Smith Manoeuvre strategy is holding up during this severe bear market.
  6. It’s very hard to do but Money Gardener suggests relaxing and taking a long-term view.
  7. We’ve had an internet bubble and housing bubble in quick succession. Michael James speculates on what could be the next investing bubble.
  8. It is always worth listening to Warren Buffett. Dividend Guy presents some investing rules from the Oracle.
  9. Preet explains the intricacies of exchange-traded notes.
  10. A buck here. A toonie there. And pretty soon, we’re talking big money explains Gail Vaz-Oxlade.

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9 responses so far ↓

  • 1 Michael James // Oct 16, 2008 at 6:40 pm

    Thanks for including my article in your round-up. I hope that Leith is right. Just because I have been managing my finances on the assumption that everything will turn out OK doesn’t mean that I’m not worried. I just don’t see any point in planning for anarchy.

  • 2 LiveWellSimply // Oct 16, 2008 at 6:49 pm

    Only 300m? American elections are far grander than that! We always discuss our costs in billions. Oh, we have a bit more debt than Canada too. Now at minus 10+ trillion. Unreal.

  • 3 Charles // Oct 16, 2008 at 7:06 pm

    As a holder of unhedged US equities… I can’t exactly say that I’ve *benefitted* from the exposure, but it hasn’t looked nearly as bad on my balance sheet as it has to an American.

    Now, if the US markets rebound significantly and our dollar doesn’t… Yes, then I’ll call it a benefit!

  • 4 MillionDollarJourney // Oct 16, 2008 at 8:25 pm

    Thanks for the link CC. Enjoy the weekend!

  • 5 Anon in Montreal // Oct 16, 2008 at 9:26 pm

    When thinking about investing in stocks for the long term, it’s worth having a look at this:

    1- The Oct. 16th clip: http://www.ft.com/cms/bfba2c48-5588-11dc-b971-0000779fd2ac.html

    2- The Nikei over 20 years: http://paul.kedrosky.com/archives/2008/10/16/the_downikkei_c.html

  • 6 WhereDoesAllMyMoneyGo.com // Oct 16, 2008 at 10:02 pm

    Thanks for the link CC – have a great weekend!

  • 7 moneygardener // Oct 16, 2008 at 10:45 pm

    CC, I appreciate the link! Take Care.

  • 8 guinness416 // Oct 17, 2008 at 9:07 am

    The CAD dive couldn’t have come at a worse time for me. I’m in the process of transferring a whole bunch of cash to my Irish accounts (where I can get 6.35% and pay only 22% on it). Should have done it at the beginning of the month!

  • 9 Canadian Capitalist // Oct 17, 2008 at 11:49 am

    Charles: Fair enough. “Benefit” is a relative word of course. What I meant is that the C$’s 15% drop has eased the pain (slightly) of a 25% fall in US equities.

    guinness: Are you converting CAD to Euros? If so, it isn’t so bad as the CAD is pretty much flat with the Euro. Only the USD and Yen have been strong lately.

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