Canadian Personal Finance Blog
Personal Finances and Consumer Concerns, essays, stories, examples and how to articles with a distinctly Canadian Point of View
Why is a Stock Market Index So Important?
Saturday, February 14th, 2009On Thursday night I had a wonderful night out enjoying one of my presents, a set of tickets to the tapings of The Debaters on CBC (at the Centrepointe Theater in Nepean). I had never heard of this show before I went that night, but I am now a fan, it is fast, witty, a bit raunchy and mostly fun.
The host Steve Patterson is a quick on his feet moderator who also injects his opinions along the way, and I stumbled across the shows YouTube archive and found this interesting tid bit about Stock Market Indexes.
The Movie is here if you are reading on RSS
The point is well made, why do you care if the TSX S&P 500 is up, if every stock that you own is down (and vice verse)? Now Mr. Patterson does miss the point that there are whole market funds that DO in fact own that index (and all the stocks in it), but still some valid and good points made.
Check out the archives of this show on line, well worth a listen.
More on this topic
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Daily Futures Commentary January 6, 2010
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Daily Futures Commentary Jan 29, 2010
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Q4 and 2009 Performance Review
(Condor Options, 12/28/09)
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