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moneysense.ca, 27/05/10
This and That: Emotional investors, forecasting folly and more…
- Emotions are driving stock prices. That’s not something to fear. It’s something to exploit, wrote Derek DeCloet in The Globe and Mail.
- It was only four weeks back that investors were sure that (a) interest rates will go up (b) bonds will face big declines and (c) the loonie will keep soaring. Rob Carrick takes another look at these fearless forecasts.
- Have you overdosed on new ETFs yet? Jon Chevreau reported that BMO introduced eight new ETFs this week. It’s enough to make you nostalgic for the time when you could count all the ETFs listed in Toronto with the fingers in your hand.
- Congratulations to Where Does All My Money Go? and Squawk Fox, winners of the Globe and Mail Best of the Money Blogs vote.
- Kevin Press of Today’s Economy Blog says that global diversification ain’t what it used to be.
- Thicken My Wallet notes that investors who are not high net-worth clients have no choice but to become DIY investors.
- Dan Bortolotti of the Canadian Couch Potato blog kicked off the new Index Investor column for MoneySense by showing how investors of all account sizes can become couch potatoes.
- The Financial Blogger wrote a humorous post on how money relationships are as varied as human relationships.
- With hot and dry weather, our lawn is in a sad state these days. Million Dollar Journey pointed out the steep cost of maintaining a perfect lawn.
- Larry MacDonald has eight tips for reducing the cost of rebalancing your portfolio.
- On July 1st, the Harmonized Sales Tax will kick in in Ontario. Canadian Financial Stuff notes that the HST is setting off a mini construction boom.
- Politicians are still debating whether to get rid of the penny. Michael James says that they ought to be debating getting rid of nickels and dimes as well.
I’m unable to highlight all the articles worth checking out in my weekly round up but you can check them out through my Twitter feed. Have a great weekend everyone!
moneysense.ca, 27/05/10









Thanks for the mention, have a great weekend!
A lot of people have been asking me about when to get back in to various stocks and the market in general. Personally, I believe there are a few key indicators…
Cheers
Maybe you can’t count all the ETFs listed on the TSE on your fingers, but you can still count the ones worth owning on your fingers. Of course, people won’t agree on which ones are worth owning.
[...] This post was mentioned on Twitter by Canadian Capitalist, bigcajunman. bigcajunman said: This and That: Emotional investors, forecasting folly and more…: http://bit.ly/cSEKQc via @ccapitalist even I get mentioned! [...]
Thanks for the link. Enjoy the weekend.
Thanks for the link Ram – hope you have a great weekend!
@Michael: Agree. Someone starting to look into ETFs today will be faced with a bewildering variety of choices though.
CC
I’ve been watering my lawn, trying to revive it before any possible rationing of water (Gatineau already has restrictions on water use).
We moved into a new house last August and will be doing the landscaping next month. We will be the first ones in our town to have a rock garden. For sale – one lawn mower!
Thanks for the link Ram. And huge congrats to Preet and Kerry.
Thanks for the link CC!
Hi CC.
Never mind the coins… I’ve been of the mind where we don’t even need a Canadian currency in this globalized age. We can keep the Maple Leaf gold and silver coins, which are coveted around the world for their purity…
But I think we should eliminate our paper currency and move to a sort of “free market” currency. We should be able to earn, pay bills and buy products using any of the big world currencies – the US dollar, Euro or Yen. Our government has already issued bonds in the past denominated in US dollars and Euros. Almost all banks will allow us to have US dollar accounts and most retail vendors will accept US currency.
The way I see it, some day in the distant future, one currency will eventually win out and the entire world will be using the same unit of measurement. Why hold on to these age old anachronisms of a national currency?
Phil, I think the current situation in Europe is good enough evidence of what happens when many countries share the same currency. The fact of life is that all countries have different political situations, cultures, revenue drivers, etc. and when you have a few countries on the same currency, one country’s misfortunes may destabilize the entire currency and ruin things for the other countries which may have been flourishing otherwise. So, I don’t think we’re quite there yet…