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moneysense.ca, 13/09/07
This and That
- Jonathan Chevreau recommends adopting guerrilla frugality to build wealth.
- Toronto area stockbroker Preet Banerjee has written a 12-part series on life insurance. You can start with Part 1 here. I found the last post in the series (deals with how much life insurance you need) to be the most useful.
- Inco, Falconbridge, Dofasco, Four Seasons, Hudson’s Bay… Fortune magazine reports on the frenzied foreign takeover of Canadian companies.
- Can Tim Horton’s succeed in its expansion plans in the United States?
moneysense.ca, 13/09/07
Hi CC, thank you for the link from your site – much appreciated!
I live rather frugally but it wasn’t actually intentional. My lifestyle came from a time period in my life where I moved my place of residence 11 times over a 10 year span, and I tossed out some of my stuff each time I moved. As a result of that, I got into the habit of not buying anything that was unlikely to survive my next relocation. Now I’ve lived for over 4 yrs in the same location, but the place I own is a shoebox condo so I still can’t accumulate much stuff due to space constraints.
Phil: When my wife and I lived in a tiny one-bedroom apartment, we hesitated buying anything because there wasn’t space to put it. Somehow, our possessions seem to expand to fit our living space.
I think Timmies should take great notice to the sales figures and their Saint John, NB mall location over the next little while. In the food court there are about 12 places to chose from. As of today 3 of them are coffee shops. Tims, a Java Moose kiosk, and as of today a Starbucks kiosk. I would like to think that people would go to Tims for their regular coffee and then to Java Moose for their more select blends and specialty drinks. I have my doubts that the situation will play out like that though considering the Starbucks brand.
I’d love to be an investor in THI, but the USA is the $64,000 question. CEO House has been on BNN a gazillion times saying how they’re gonna make it work in the Northeast US but I dunno if that’s true.
Tim’s used to be a growth story, but now it’s all about same store sales and more expensive items. Sure it’s P/E is lower than other restaurants, but is the growth there?
Since when is driving a 5+ year old car considered “guerrilla frugality”? What constitutes regular frugality? Buying a Honda instead of a Lexus?