Comments on: This and That http://www.canadiancapitalist.com/this-and-that-32/ Helping you invest and prosper Sat, 11 Feb 2012 12:40:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Canadian Personal Finance Blog » Blog Archive » The Smith Manoeuvre http://www.canadiancapitalist.com/this-and-that-32/#comment-142652 Canadian Personal Finance Blog » Blog Archive » The Smith Manoeuvre Tue, 15 Jul 2008 00:00:53 +0000 http://www.canadiancapitalist.com/2007/01/25/this-and-that-32#comment-142652 [...] Smith Manoeuvre Well our amigo over at the Canadian Capitalist mentioned in his Friday update that the Star has an article about the “infamous” Smith [...] [...] Smith Manoeuvre Well our amigo over at the Canadian Capitalist mentioned in his Friday update that the Star has an article about the “infamous” Smith [...]

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/this-and-that-32/#comment-18898 Canadian Capitalist Sun, 28 Jan 2007 23:32:50 +0000 http://www.canadiancapitalist.com/2007/01/25/this-and-that-32#comment-18898 CMB: I've removed AdBrite altogether. Not worth the hassle IMO and though I didn't see the Singles.net ad, I saw a bunch of ads for online poker. Pretty sure that's not keeping with the spirit of the blog. CMB: I’ve removed AdBrite altogether. Not worth the hassle IMO and though I didn’t see the Singles.net ad, I saw a bunch of ads for online poker. Pretty sure that’s not keeping with the spirit of the blog.

]]> By: Canadian Money Blogs Reviewer http://www.canadiancapitalist.com/this-and-that-32/#comment-18881 Canadian Money Blogs Reviewer Sun, 28 Jan 2007 16:50:17 +0000 http://www.canadiancapitalist.com/2007/01/25/this-and-that-32#comment-18881 I agree with CC: why should the government regulate if there are "free market" options? I use Pc Financial as well and I never pay banking fees. I don't even have an account with a regular bank anymore. As long as those new players are allowed to compete (i.e. if the banks play fair), there's no problem in my opinion. It's the same with brokerage fees, the banks tried to keep them high, but companies like Etrade keep pushing them down. --- Phil: regarding the ads, that's Adbrite getting too extreme. They don't respect the "edgy ads" filter they provide the publisher. CC: you can switch Adbrite to require your approval for ads ... more works but less surprises :-) I agree with CC: why should the government regulate if there are “free market” options? I use Pc Financial as well and I never pay banking fees. I don’t even have an account with a regular bank anymore. As long as those new players are allowed to compete (i.e. if the banks play fair), there’s no problem in my opinion. It’s the same with brokerage fees, the banks tried to keep them high, but companies like Etrade keep pushing them down.

—
Phil: regarding the ads, that’s Adbrite getting too extreme. They don’t respect the “edgy ads” filter they provide the publisher.

CC: you can switch Adbrite to require your approval for ads … more works but less surprises :-)

]]> By: Phil S http://www.canadiancapitalist.com/this-and-that-32/#comment-18805 Phil S Sat, 27 Jan 2007 13:27:50 +0000 http://www.canadiancapitalist.com/2007/01/25/this-and-that-32#comment-18805 Unfortunately in our country, politics does frequently get in the way of investing. We live in a socialist country and that's just a reality that we must deal with. The purpose of regulation SHOULD only be to create a level playing field for businesses to compete. But in our socialist regime, the government frequently crosses the line by favouring specific companies (eg. tax incentives and subsidies to Ford, Bombardier, ...) and even getting into business directly (eg. Ontario Hydro, LCBO, etc). By the way CC. Is there some way to move that Singles.Net ad to another page? I frequently look at your blog during lunch time at work and it's bad to have a woman's butt on the front page. As attractive as it might be, I can get busted for stuff like that where I work! Unfortunately in our country, politics does frequently get in the way of investing. We live in a socialist country and that’s just a reality that we must deal with.
The purpose of regulation SHOULD only be to create a level playing field for businesses to compete. But in our socialist regime, the government frequently crosses the line by favouring specific companies (eg. tax incentives and subsidies to Ford, Bombardier, …) and even getting into business directly (eg. Ontario Hydro, LCBO, etc).

By the way CC. Is there some way to move that Singles.Net ad to another page? I frequently look at your blog during lunch time at work and it’s bad to have a woman’s butt on the front page. As attractive as it might be, I can get busted for stuff like that where I work!

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/this-and-that-32/#comment-18803 Canadian Capitalist Sat, 27 Jan 2007 13:06:36 +0000 http://www.canadiancapitalist.com/2007/01/25/this-and-that-32#comment-18803 Joe: My comments had nothing to do with my politics. I made the same point about a recent column in the Globe by Rob Carrick. It has to do with money and finances, so I think it is a fair topic. Joe: My comments had nothing to do with my politics. I made the same point about a recent column in the Globe by Rob Carrick. It has to do with money and finances, so I think it is a fair topic.

]]> By: Joe (2) http://www.canadiancapitalist.com/this-and-that-32/#comment-18792 Joe (2) Sat, 27 Jan 2007 07:24:08 +0000 http://www.canadiancapitalist.com/2007/01/25/this-and-that-32#comment-18792 Stop Getting political, Canadian Capitalist. Stick to your knitting. Stop Getting political, Canadian Capitalist. Stick to your knitting.

]]> By: Nhi http://www.canadiancapitalist.com/this-and-that-32/#comment-18783 Nhi Sat, 27 Jan 2007 03:05:37 +0000 http://www.canadiancapitalist.com/2007/01/25/this-and-that-32#comment-18783 CC, I'm a long time reader, first time commenter. Love your blog! Re: Bank machine fees, I agree with you. I liken it to roaming charges on a different cell phone network. It's not as prevalent, but when you're using someone else's infrastructure, you pay, even though the minutes are deducted by your wireless provider from your own plan. It annoys me that some of the same people who complain about bank fees have no problem paying the exorbitant interest charges at those paycheque advance places. That's paying to access your own money too! CC, I’m a long time reader, first time commenter. Love your blog!

Re: Bank machine fees, I agree with you. I liken it to roaming charges on a different cell phone network. It’s not as prevalent, but when you’re using someone else’s infrastructure, you pay, even though the minutes are deducted by your wireless provider from your own plan.

It annoys me that some of the same people who complain about bank fees have no problem paying the exorbitant interest charges at those paycheque advance places. That’s paying to access your own money too!

]]> By: MillionDollarJourney.com http://www.canadiancapitalist.com/this-and-that-32/#comment-18780 MillionDollarJourney.com Sat, 27 Jan 2007 01:30:07 +0000 http://www.canadiancapitalist.com/2007/01/25/this-and-that-32#comment-18780 If you guys are interested, I've written a couple of posts regarding the Smith Manoeuvre also. You can <a href="http://www.milliondollarjourney.com/the-smith-manoeuvre-a-wealth-strategy-part-1.htm" rel="nofollow">read them here</a>. FT If you guys are interested, I’ve written a couple of posts regarding the Smith Manoeuvre also.
You can read them here.

FT

]]> By: awardtour http://www.canadiancapitalist.com/this-and-that-32/#comment-18771 awardtour Fri, 26 Jan 2007 21:41:46 +0000 http://www.canadiancapitalist.com/2007/01/25/this-and-that-32#comment-18771 A side story on ATMs: Washington Mutual, a pretty big bank in the US, never had fees at their ATMs regardless of what bank you were from. the problem? everyone knew this and always used WaMu bank machines and so actual WaMu customers were getting screwed over for having to wait longer for ATMs then people from other banks. And Layton's idea is just foolish. I can't imagine the cost of the regulatory board and ensuing bureaucracy would be less then the money saved by low-income families. A side story on ATMs: Washington Mutual, a pretty big bank in the US, never had fees at their ATMs regardless of what bank you were from. the problem? everyone knew this and always used WaMu bank machines and so actual WaMu customers were getting screwed over for having to wait longer for ATMs then people from other banks.

And Layton’s idea is just foolish. I can’t imagine the cost of the regulatory board and ensuing bureaucracy would be less then the money saved by low-income families.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/this-and-that-32/#comment-18765 Canadian Capitalist Fri, 26 Jan 2007 20:40:31 +0000 http://www.canadiancapitalist.com/2007/01/25/this-and-that-32#comment-18765 Joe: I am not disagreeing that banks have fat margins in ATM fee withdrawals. My point is it is the responsibility of the consumer to search out banks that have lower or no such fees. When customers flock to banks with lower ATM fees, the competitors would notice and probably drop their fees in response. I mostly withdraw money from my PC Financial account for free at the CIBC ATM network. These bank machines are everywhere, even at gas stations. My main checking account is with Royal on a pay-as-I-go basis. My average fee per month is 50 cents or less. There are many services that companies provide at fat margins: cable, cell phones, internet, double-doubles etc. come to mind. Now are we going to regulate those industries too? I for one am tired of the nanny state wanting to regulate every aspect of our lives. Joe: I am not disagreeing that banks have fat margins in ATM fee withdrawals. My point is it is the responsibility of the consumer to search out banks that have lower or no such fees. When customers flock to banks with lower ATM fees, the competitors would notice and probably drop their fees in response.

I mostly withdraw money from my PC Financial account for free at the CIBC ATM network. These bank machines are everywhere, even at gas stations. My main checking account is with Royal on a pay-as-I-go basis. My average fee per month is 50 cents or less.

There are many services that companies provide at fat margins: cable, cell phones, internet, double-doubles etc. come to mind. Now are we going to regulate those industries too? I for one am tired of the nanny state wanting to regulate every aspect of our lives.

]]>