The term “high interest savings account” is an oxymoron these days, what with even the popular ones paying 1% or less. Still, the topic attracted the interest of Canadian Money Forum members who found that some accounts are still paying a decent interest rate.
- For those of us needing some handholding in investing, Larry Swedroe has some tips for choosing a financial advisor. He reiterates it by listing the principles to follow in selecting an advisor.
- I’ve always wondered why currency-hedging has such large tracking errors. Rob Carrick’s column in the Globe and Mail, provides a good explanation on why hedging is not perfect.
- Ellen Roseman of The Star said that the energy savings from a tankless water heater are oversold and warned consumers to do their DD on offers to replace their existing heater with a tankless one.
- The Dividend Guy highlighted Knight Kiplinger’s Investor Manifesto. I don’t agree with rebalancing every quarter but otherwise it is pretty good advice overall.
- Bernie Madoff downfall from a “Jewish T-bill” to an avatar of Hitler has been swift and rapid. Mr. Cheap discusses some of the non-sense surrounding the story.
- Million Dollar Journey is having morbid thoughts. He featured a guest post on the advantages and disadvantages of the prepaid funeral.
- Michael James beats me to the punch and reviews Inside the Mind of the Turtles. I’m currently reading the book and found the discussion on risk very valuable.
- Where Does All My Money Go? kicks off a series on financial advisor qualifications with the Canadian Securities Course (CSC).
- The consensus view seems to be that inflation will become a problem in the near future. However, some, as Larry MacDonald points out, think that deflation is a threat instead.
- With the employment situation being what it is, many are turning their thoughts to entrepreneurship. Thicken My Wallet has five questions that every entrepreneur needs to consider when starting a business.
Have a great weekend everyone!
