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moneysense.ca, 31/03/11
This and That: Home insurance, portfolio construction and more…
Royal Canadian Air Farce’s Roger Abbott passed away recently. Thanks for all the laughs Roger and may you rest in peace. In the following skit, rich sheiks are wondering how they are going to survive low oil prices.
Now on to this week’s selection of interesting articles:
- Rob Carrick reports that insurance companies have actually been going easy on people buying home insurance. As a homeowner whose rates went up 14 per cent and 28 per cent in the past two years, all I can say is: Gee! Thanks guys!
- In a column in The Star, Morningstar’s Rudy Luukko blames Canada’s “world-class bundling” for our high mutual fund fees. He urges investors to shop around and make price comparisons.
- Larry MacDonald highlights the five most overlooked tax tips courtesy of tax-preparer H&R Block.
- Canadian Financial Stuff reminds us to regularly change the password for online access to bank and credit card accounts.
- Thicken My Wallet wears his lawyer hat to answer the question: Can you lose your home as a victim of real estate fraud?
- Michael James doesn’t think eliminating GST on mutual funds will help investors all that much.
- Money Smarts Blog takes a closer look at the claim that Canadians are withdrawing from RRSPs at an alarming rate and finds that the fears are overblown.
- The Blunt Bean Counter explains why it is important to include valuable collectibles in the will.
- In a pair of related blog posts, Larry Swedroe explains why even very conservative investors should include some stocks in their portfolio and why even very aggressive investors should have some bonds.
- A Canadian Money Forum member shared his experience with literally flushing money down the toilet.
- My Own Advisor explains why he hates debt. I hate it too and it’s a great feeling not owning anyone a single red cent.
That’s it for this week and have a great weekend everyone!
moneysense.ca, 31/03/11









I can still remember way back when the Air Farce was only on radio. My family never missed it. I particularly liked the Big Bobby Clobber bits with Dave Broadfoot. Roger Abbott was a big part of something that mattered to Canada.
I will miss Mr. Abbott’s wit as well, and thanks for the inclusion next week. Go change your passwords right now!
CC, thanks for the link. Also, while I was going to post on the taxation of the family unit once I saw Harper’s proposals (which I did today), you provided food for thought with your various excellent posts on the topic this week. I guess working with high net worth individuals slants my perspective vs yours
CDN Money Forum water waster is a fool and good on them to learn a rough financial lesson.
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Thanks for the mention.
I don’t like debt either and look forward to not having any someday.
I have to admit, I’m not an Air Farce fan.
Thanks for the link. Enjoy the weekend!
Thanks for mention.
Thanks for the mention Ram.
Hope you had a great weekend!
Mark
After reading Swedroe’s articles, I have a minor quibble with your characterization of them. I read the second article on “why even very aggressive investors should have some bonds” with interest because I seek arguments from smart people that are at odds with my own thinking. However, Swedroe says that an investor who passed the test in the 2008 bear market (meaning that the investor didn’t sell in a panic) is “probably okay with even a 100 percent equity allocation.” So it seems that the reason for holding fixed income is the usual: to keep from selling in a panic in a down stock market. This is a very good reason for anyone who has not passed the test in a few bear markets, but doesn’t apply to someone who has passed the test.
@Michael: Fair enough Michael. My main take away from that post was that allocating a small percentage to bonds lowers portfolio volatility, which helps investors hold on through major market drops. Of course, as you point out, caveats apply.