Some schools have started this week, and most will be open on Tuesday after Labour Day. Plenty of back to school sales going on, and plenty of pressure to buy your kids all the things they “need” to go to school. The problem is that the definition of “need” by some stores is a little out of wack. Students don’t need a home computer, laptop, tablet and also an iPhone, however that does seem to be implied by many of the tech stores out there. Isn’t a Hilroy Exercise book, a pencil and a pen enough? It seems that lifestyle creep has worked its way into back to school.

Piggy Bank

Is This the Only Bank You Can Trust ?

My yearly pilgrimage to the bank to extract money from my RESP continues to create more and more content for this site, so I really must send a Thank You note to TD for all the great stories that have come from their product. As I mentioned in my article this week I did manage to not run into the TD E-series Beartrap, where I cannot do anything in my local branch with the E-series funds, so I must first transfer the funds into a TD Money Market account, so that then my local branch can release the funds in that savings vehicle.

I thought my issues with TD and RESPs were bad, however, Mrs. C8j pointed me to an article in the Ottawa Citizen about a woman (who she knows) and her issues with Scotiabank and their RESP (another classic example of “Banks Behaving Badly“). It seems they would not release the funds in the account until Ms. Adeney answered some Marketing questions about her net value and income. Read that previous sentence again, they would not give her HER money, until she answered the questions? What the flip? I am glad to hear that Scotiabank admitted their mistake, but holy cow, at least TD never did that to me.

 

Stick it to your broker and start trading for free. Get $50 in free trades.

My Writings for Week Ending September 4th

The summer is slowly coming to a close and an entertaining fall lies ahead (with plenty of election shenanigans and tom-foolery) :

Kobo Canada


Tweet of the week

Ellen Roseman (if you aren’t following her on Twitter and on Facebook, you are missing some good stuff) gives another example of “Banks Behaving Badly“. I note I am only 8 new twitter followers until I reach 2500 followers (hint, hint).


No Marketing Questions Just Good Stories

Barry from Money we Have brings us a very good article about Money Myths Busted, and yes interest rates really will go up some time (soon). I was elated when I bought my first house and locked in at 11% for 5 years! A good way to keep on track with your money is to set goals, and Mark from My Own Advisor gives us his 2015 Financials Goals Update for August (a brave man). In a good financial plan, you need some good bargains and Frugal Trader at Million Dollar Journey helps out with The Best and Worst Deals at Costco. Best deal is their $1.50 Hot Dog and drink deal (IMHO).

Scotia Bank Value Visa
Ever wonder what the top 25 richest neighbourhoods in Canada are? The article points them out, but why are so many of them called Westmount ? Speaking of riches, Mark Silverthorn is wondering Are some debt settlement firms going underground? There does seem to be a lot of funny signs on the street advertising Debt Payment help.

Do you have your own corporation? Mark from Blunt Bean Counter continues his summer best of stories with Business and Income Tax issues with Selling a Corporation. I don’t think I have to worry about that (yet, who knows maybe this site will make a fortune). Speaking of income, did you realize that Everyone Who started watching Mad Money in 2005 are now Billionaires? Not really, but it is a fun story from the Onion. Do you think that Google is an Evil Empire? Mark from 2nd Career Search Explains why he Avoids Using Google Search.


Imposing Wolf
Michael James asks an interesting investment question, How Much Diversification Do You Need ? I do like the term di-worse-ification, though, good pseudo-word. Our Big Fat Wallet wants to help with investing in these unclear times with Handling Stock Market Volatility.


Free Shipping on Orders Over $25!


The Bottom Line

Is this a recession? The CBC panel discusses it. To quote my favorite financial maven, “… and that’s the bottom line ’cause Preet B. said so!” :


Facebook Fun

Yes, I agree Entrepreneurs don’t have a Risk aversity gene, they have rich parents!


OK this one is a little over the top, but do you read Postsecret? You should.


2015 Random Thoughts


Remember my RSS feed is available too, and I have added an RSS Comment Feed as well. Have a look at my micro-blog on Twitter, where you can see a whole plethora of good articles and pithy comments by me as well.

My Twitter feed is where I re-tweet many great articles by some of my featured writers (and make the occasional odd or off color commentary on life (in 140 characters or less)). I am also on reddit, Tumblr, Pinterest , Flipboard, Instagram and other Social Media sites (look for the BigCajunMan userid) as well. If you have social media accounts, don’t forget to vote for my posts (see the nifty dashboard on the bottom of each article, where you can cast your votes).As they say in Quebec, vote early and vote often!

This site is iPhone Friendly (and Android , iPod Touch and iPad Friendly), enjoy it on the go, in a readable format for the device. If you are reading with an iPhone or Android device, drop me a comment and tell me if this needs any improvements.

{ 2 comments }

{ 2 comments… add one }
  • My Own Advisor September 6, 2015, 8:39 AM

    Thanks for the mention. Enjoy the heat! Yes, that might be the only bank you can trust…it won’t do anything to you unless you add to it or take money out. A passive piggy!

    Reply
  • Michael James September 4, 2015, 9:21 AM

    I found the Bottom Line discussion disappointing. They have such a short-term focus. I’m interested in what Canada should be doing to have good economics 5 or more years from now, not what would help tomorrow. Thanks for the mention.

    Reply

Leave a Comment

*

%d bloggers like this: