Random Thoughts: Love Week

Valentine’s Day! Bah Humbug!

The week after Valetine’s day proved to be unpredictable in terms of weather in Ottawa, but also for the financial world as well. The Canadian dollar is now soaring above it’s American compatriot at $1.03 to each American Dollar, showing that the Canadian economy’s reliance on resources continues to drive up the value of our currency.

The RRSP season looks to be rev’ing up with many more ads on the TV about your need to make sure that you deal with your RRSPs soon. I have great misgivings to rushing out and making odd investments at this time of year, invest in something you understand don’t just chuck your money away, or better still make a plan to invest your money over the whole year and start executing that plan now (a safer use of your money).

A sort of soft and introverted set of writings this week from me, I guess Valentine’s Day must have touched me in ways I was unaware of:

  • I started off with a Review of Quicken 2011 and a giveaway, but I note there are very few entries, I will continue to accept entries until Friday midnight.
  • Old School Debt Thinking discussed a Twitter argument I had with a few other financial bloggers, where I outlined my concepts that there is no such thing as Good Debt, and I stand by my statement.
  • I had an odd discusssion with a co-worker which caused me to resurrect one of my favorite John Wooden expressions “Don’t mistake acitivity for achievement” especially when it comes to your finances. Mindlessly doing, without any idea of why you are doing it, is a dangerous trap to fall into.
  • As a follow up to the John Wooden post, I came with No One Wants to Screw Up (financially) but we do, pointing out again the dangers of simply going to put money in my RRSP without first having a plan in mind.

As a note, I actually enjoy all comments (even the ones that call me a dueche (although I am not from Germany or a twin), or question my sanity), and will try to respond to most comments, so please feel free to comment away.

From the Blogosphere

Other Financial Bloggers had more insights about the RRSP season and the financial turmoil in the world these days:

Carnivals for this Week

I did submit to a bunch of Carnivals this week, but only got mentioned in:

Other Bookkeeping


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Remember

“No one wakes up wanting to screw up, but sometimes it just happens.”

Author: Big Cajun Man (2011)

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