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November 14th, 2008

Thoughts: Financial Extinction Week

Given the photo thematic premise of the week that is about as pithy a title as I could pull together for this week’s wander through the world of Financial Blogs.

The Financial Apocalypse Has Been Delayed This Week

Well not really, given how badly the markets have been and how far the Canadian dollar has dropped, it has been a rough week for most folks, who are investing, and a good week for those who have cash.

  • Given this week I have been “piling on” about dinosaurs and my former employer, I’ll add another voice which is the Financial Post saying, Nortel’s New Target Price is Zero . It is not just me who is bitter and twisted on this subject, but now more than ever I want ALL my money out of them very soon.
  • For those of you wondering Has The Hadron Collider Destroyed the World Yet, the link will take you to the site to answer that question. If it answers yes, feel free not to read the rest of this posting.
  • Michael James asks the very good question Do Investors Need to Be Good at Math ? I think the answer in my mind is YES, but I have a Math degree as well.
  • Larry MacDonald found a very interesting Growth Stock for a Depression, however I would never have thought of this company.
  • The Canadian Capitalist mentioned about Discount Brokerage Fees especially with TD Canada Trust. I have noticed this one myself, and Nerd Money has also been talking about TD RRSP fees, as well.
  • That One Caveman points out the advantage of a Cash based Christmas , something I always espouse. Once you run out of cash, you have finished buying presents!
  • Preet over at Where Does My Money go announced His New Career , showing a lot of courage during an economic downturn, to decide to change careers. I wish him good luck, although it isn’t really a new career, just new ways of doing things, which is cool too.
  • Nancy Zimmerman points out that Canadian Spies are Paid Well . I hope so, I am hoping to get a job there, but I guess since I am talking about it, maybe I won’t be getting that job.
  • Promod over at the Riscario Insider talks about How an Actuary Invests, which is interesting because he is someone who knows his Math!
  • Canadian Tax Resource tells asks What are In-Trust Accounts (and answers the question too).
  • Money, Matter and More Musings points out that we are all Socialist when Poor, Capitalist when Rich , which I tried to explain to my kids, but they looked at me like I was from the U.S.S.R. !
Snow is promised soon in Ottawa, and my snowtires are not on as of yet, but with gas at 80 cents a liter, maybe I should put my tires on soon (snow tires give worse gas mileage, but compensate by allowing you to stop, instead of plowing into a tanker truck).
More on this topic (What's this?)
Interesting Dividend and Investing Sites to Consider (Dividend Growth Investor, 1/16/10)
Progress Update – December 2009 (Dividends Value, 1/9/10)
7 Dividend Stocks To Take The Emotion Out Of Investing (Dividends Value, 11/24/09)
Dividend Tree Potpourri – January 24, 2010 (Dividend Tree, 1/25/10)
Read more on Canadian Dollar (CAD), How To Invest at Wikinvest

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Posted in Money, Nortel, Random Thoughts |

This entry was posted on Friday, November 14th, 2008 at 1:00 AM and is filed under Money, Nortel, Random Thoughts. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “Thoughts: Financial Extinction Week”

  1. That One Caveman Says:
    November 14th, 2008 at 7:23 AM

    Yes, delayed – not called off. :) There’s still more tough times ahead. I don’t think we’ve reached bottom yet. Thanks for the mention!

    That One Caveman’s last blog post..Controlling Spending with a Cash-Only Christmas

  2. Michael James Says:
    November 14th, 2008 at 7:31 AM

    Thanks for the mention. Maybe you’ll get Nortel’s last dollar.

    Michael James’s last blog post..Short Takes #5: Market Bottom, Nortel, and Carpooling

  3. Nerd Money Says:
    November 14th, 2008 at 9:31 AM

    Thanks for the link. Maybe this will be the one time that Nortel exceeds an analyst’s expectations? I certainly hope you get all the money they promised you.

    Nerd Money’s last blog post..Networth – October 2008

  4. WhereDoesAllMyMoneyGo.com Says:
    November 15th, 2008 at 11:14 PM

    Thanks for the mention – the new company is a rarity in that they have added positions in the last few months when most financial institutions are slashing jobs! Enjoy the rest of your weekend…

    WhereDoesAllMyMoneyGo.com’s last blog post..A Lap Of The Blogs

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