Canadian Personal Finance Blog

After this week the easy answer to my post Is it Safe? is NO! Another very bad week on the Stock Market, worldwide and things are not looking up in the near future, that is for sure. The S&P TSX Index had it’s second worst percentage drop ever.

“…The S&P/TSX closed down 9.02 per cent, or 765.80 points, to 7,724.76 as the price of oil slid as low as $49.50 (U.S.) a barrel. It’s the first time the index has closed below 8,000 since December, 2003…“

• Free Money Finance asks the question Who Gets to Keep The Ring When an Engagement is Called off? I can say in my case, I asked for it back, but I felt it was my right. I also got a full trade in value (back then People’s jewelers did that).
• One Caveman pointed out that Tipd has gone live a new idea, Social Networking for Financial Folk. I have posted a few ditties there.
• Michael James continues his graph work to illustrate why MER: Death by a Thousand Cuts . If you own Mutual Funds, you really need to look at this one.
• Canadian Capitalist has some Ideas for your TFSA , which are quite good. I am still not sure what type of account we may open and how might use it, but we better decide soon, I guess.
• Ellen Roseman writes about How to cut back and be frugal, I guess frugality is the new extravagance? Kind of like short is the new long? I never understand fashion metaphors.
• All About Nortel asks the question, How Low Can it Go? A suitable fashion metaphor might work, but I will stick by my Zero means Zero statements of last week.
• No Debt Plan has good advice to Manage Your Spending Not Your Bills, which is very true, if you control spending you’ll have things under control, bills come no matter what!
• Canadian Tax Resource suggests using RRSPs to Offset Capital Gains, which means the tax on the Capital gains. Be nice to have Capital Gains to worry about.

Not Safe Yet!

I am on Twitter for those who feel your life would somehow be fullfilled seeing my wit and commentaries as I think of them, follow me.

I have 10 followers for now, and I am still astounded anyone cares (although I follow Stephen Fry, so I guess I am no better).

As for the question, I was toying with having an Umpire picture with the caption “Not Safe”. Then I toyed with a giant condom picture but figured that was a little vulgar (safe = prophylactic), so I ended up with this picture showing many dangerous things, and the answer, that it is not safe yet.

Have a safe weekend!