1. ING Direct is the first out of the gate in announcing a no-fee, no-minimum, high-interest Tax Free Savings Account. Also, check out the top ten things to know about the TFSA.
  2. Proponents of active management make a virtue out of necessity (of holding some cash) and claim that their style performs better in down markets. Well, not always. In the first quarter of 2008, the asset weighted returns of Canadian equity funds was -4.25% compared to -2.84% for the TSX Composite Index. I should also point out that the Sleepy Portfolio lost a miniscule -0.7% due to the 25% allocated to low-risk assets.
  3. Rob Carrick writes that it is better to fill up the car where it is cheaper instead of looking to earn loyalty points. He specifically mentions Ultramar, which I find to be the cheapest gas station around as well.
  4. Ellen Roseman finds out how an airfare advertised as $99 each way, ended up costing $408.41.
  5. Canadian Financial DIY posted the expected real rate of return for major asset classes from various sources.
  6. Mike from Four Pillars debated how to exchange Euros into Canadian Dollars.
  7. Million Dollar Journey featured a guest post on disability insurance.
  8. The Dividend Guy’s temporary relocation has affected his dividend reinvestments.
  9. Thicken My Wallet’s take on the top personal finance stories of the year so far.
  10. Around the Personal Finance Network: Squawkfox developed a nifty mileage calculator and put together a little video tutorial. Money Ning boils down all money management to a single rule.

This article has 11 comments

  1. Thanks for the mention CC, enjoy the weekend!

  2. Thanks for the link!

    Mike

  3. For gas, look for a co-op. My rebate last year was about $0.10 per litre.

  4. L:eadin Edge Boomer

    Funny that Ultramar has some of the cheapest prices around these parts( Ottawa). Funny, because they were one of the culprits in the recent price fixing charges in Quebec.

  5. Canadian Capitalist

    TonyR: I’m not sure if there is a gas co-op in the Ottawa area near where I live and work. If there is, it sounds like a great idea.

  6. It’s also a good idea to keep a mileage log for your vehicle when trying out different gas stations. Ultramar/Husky/Mowhawk use up to 10% ethanol, and when I use this gas I get 8-10% lower mileage. So even though the corner Husky station has the lowest prices, it ends up costing me more in the long run.

  7. I hope that ING (or someone else) creates a fully automated way of maximizing the benefit of the tax-free savings accounts. For example, I want just 1 account at ING, but below the covers it is really 2 – a normal savings account, and a tax-free savings account. If I withdraw money, I don’t want to have to deposit it back into some other account and then wait until next year and remember to transfer it.

    It would be a lot easier if the rule was just that the first $5000 you put into a savings account was collecting interest tax-free. Then the account could go up and down all year without needing to worry about regaining headroom and tracking it until the next tax year!

  8. Always appreciate the linkback 🙂

    About gas.. I always thought that it defeats the purpose to drive out of the way to a gas station that offers cheaper gas station especially when there’s a huge lineup!

    One of these days I should do some type of calculation to quantify what ends up being cheaper.

  9. I’ve lived Ellen Roseman’s article on the travel fees for years, it’s old news. But the part that I didn’t know is the law that was passed that said that airlines must advertise their “all-in” prices. I wonder why the industry doesn’t practise that?

    For me, I’ve gotten used to having to pay about $500 for a “free” flight using points and I also automatically assume that the “all-in” price of any plane ticket that I purchase is roughly going to be double the advertised “sticker price”.

  10. Hey CC! Thanks for the mention. I’ve become a little obsessed with fuel prices since getting injured. I’m unable to ride my bike to work so my wallet is getting lean while my butt is getting fat. Sigh.