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moneysense.ca, 6/07/06
This and That: TGIF Edition
- Mark Hulbert has some bad news for stock-pickers in last weekend’s edition of the NY Times: Data from the Hulbert Financial Digest (a rating service for stock newsletters) indicates that of the 35 newsletters tracked from 1980 only 13 are still in existence. Out of the 13, just three have managed to beat the returns of the S&P 500 index.
- Mom knows best. CNN Money takes a look at Mom’s financial advice.
- Deep-value investor Irwin Michael writes that he is finding more value in overseas markets like the U.S., Australia and Singapore than in Canada.
- Ms. Sheila Copps’s response to Tax Freedom Day: Taxes will set us free. Predictably, she mentions nothing about government waste and mismanagement of tax dollars. Maybe
- In a lighter vein, here are the top ten ways to lose your (financial) shirt.
moneysense.ca, 6/07/06
Wow, Sheila Copps’ article was scary. I hope beyond all hope that she never becomes PM! She thinks that our taxes are too low as it is and somehow connects crime and pollution to our obscenely “low” taxes? I can’t believe these career politicians who have their heads so far up their butts that they think they are seeing the light! I find it insulting that the government thinks they can spend our money better than we the taxpaying public can!
The top 10 ways was amusing. But timing the market, in my opinion, is what it’s all about! Regardless of the investment, if you buy it at the wrong time, then you will lose money. There are plenty of time periods where it’s a no-brainer where timing is concerned. For example, don’t buy bonds when the interest rates are at historical lows and are bound to go up! Duh…
Phil: I totally agree with you. Ms. Copps thinks that every problem we have (She really thinks that the government should keep young minds occupied on Friday nights!) the government can solve with more of our money. This from a person who was giving away flags at taxpayer expense.