Remembrance Day passed Wednesday, for some it is a solemn day of reflection, for others a day off. As I have mentioned before, I work with former military folks, and I certainly thank them for their service to the country. I was also glad that it didn’t rain on the folks in downtown Ottawa.
It is Friday the 13th today, so for those concerned about bad karma or bad luck, tread carefully and hopefully the day will pass with little or few major catastrophes. For those of you still buoyed by the election results here is something to put things in perspective from MacLean’s Magazine Chart of the day: How much do MPs earn? They don’t include their expense accounts either.
Remember that November is financial literacy month and you should be looking for posts and tweets with the hash tags #FLM2015 and #CountMeInCA on them. There has been some great stuff already posted, so keep watching and see what other useful things you can learn about money and finances.
My Writings for Week Ending November 13th
I did write something this week that is important, and that is about the Disability Tax Credit Certificate, and how to reapply, please make sure you pass this info on to anyone who you think might need advice in that area:
- Good news for some Canadians with More Ladies Aged 55 and 0lder Working in October in Canada, and some better job news is always a good thing
- Time to Re-apply for the Disability Tax Credit Certificate outlines the steps we are taking to reapply for a Disability Tax Credit Certificate, to allow my son to continue to receive the benefits he has been for the past few years. ASDFunding.com is a great site to help folks out in this area, and they really should be the first stop for anyone looking for help in this area.
- One of my favorite archive posts is My Top 5 Investing Mistakes, which I remembered after reading over a similar post on My Own Advisor
Facebook Post of the Week
Remember that Vanguard really is one of the 800 pound gorillas that the market is going to listen to if they start flexing their collective might in the board room, but how do they represent their ETF shareholders best interests? Interesting quandary.
Is there enough Financial Literacy Yet?
Estate planning is a cornerstone of any good Financial Plan, and our resident accountant/marriage councilor Mark from the Blunt Bean Counter wants to help out with, Blended Families are Twice the Estate Planning Fun…Even with a Marriage Contract, Mark claims they don’t make accountants take marriage counselling courses, I suspect in these situations they might be useful. Barry from Money We Have hits the nail on the head for financial literacy, with the basic tenet Living Within Your Means, if you don’t spend more than you make, you will always be fine.
Looking in the archives of the Canadian Capitalist I came up with Why do ETF Investors do worse than Index Mutual Fund Investors? Wonder if that is still true today? Mark from My Own Advisor is a very honest man, and he again bares his investing soul with Share your big fat investing mistakes (hence my mention from my archives above). To paraphrase Vince Lombardi, falling down is not the problem, it is whether you get back up. You want to really get High on Investing? Kevin from Modest Money wonders is there High Market Potential in The Cannabis Industry? Interesting choice of words in the title man. Evidently Wall Street is Deeply Confused About Tesla, and that might their CEO’s plan all along!
Million Dollar Journey took a page out of My Own Advisor’s book with Top 16 Canadian Dividend Growth Stocks for 2015, but I would just buy an ETF Index of those, which is easier for me. Speaking of investing, Marie from Boomer and Echo wonders what is The Real Cost of Investing, in terms of angst and emotions? If you invest money in the Stock Market and are going to worry about it every day, maybe you shouldn’t be doing that? Gail Vaz-Oxlade even wonders Are YOU Ready to Be an Investor? That is a good question. Hopefully you won’t be somehow motivated by Coming Soon to Late Night TV: Financial Infomercials, which Steadyhand mentions tries to sell Leveraged ETFs ? Note the mention of Michael James.
As with all parts of like there are phases and stages, so it is not surprising that Michael James talks about Retirement Spending Stages. An important thing to remember before you retire is that you should really budget in the Taxes you will have to pay on your RRSP withdrawals, or you are going to be in for a very rude surprise (I believe that might be a sticker shock stage). Jim Yih from Retire Happy asks the hard question How Much Will I Need for Retirement, and of course the answer is, as much as you will need to live. Supposedly retirees are wanting to give their money to their kids according to Globe Money with Wealth industry faces huge shift as boomers transfer wealth to their kids, anyone wants to rain money on me, please feel free!
Is Fantasy Sports Gambling?
Lewis Black answers in a very NSFW fashion (do NOT play this in your office if you have speakers), but is very correct all these fantasy sports sites are gambling. When Vegas says you are gambling, you can be sure that is the case.
Should you Rent or Buy?
Preet did a Should you Rent or Buy? Preet did a very good white board session on this very topic, on this very topic, and it is very important topic to tackle for financial literacy.
2015 Random Thoughts
- January 2nd Random Thoughts on 2014, Welcome to MMXV and #BestOf
- January 9th Frigid Temps, Plunging Oil, Paris and #BestThisWeek
- January 16th Canadian Economy on the Edge, Frigid Temps and #BestThisWeek
- January 23rd Looser Money, Plummeting Loons and #BestThisWeek
- January 30th CLBs, Weak Loons, Tax Time, Superb Owls and #BestThisWeek
- February 6th Superb Decisions, Gas Going Up, Rugby and #BestThisWeek
- February 13th RRSPs, Valentines, 50 Shades of Debt and #BestOfThisWeek
- February 20th Lent Begins, Freezing Temps, Apples and RRSP and #BestOfThisWeek
- February 27th RRSPs, Saint David, Right Arm and #BestOfThisWeek
- March 6th Illness, K-Cups, Interest Rates and #BestOfThisWeek
- March 13th March Madness, Taxes, Friday the 13th and #BestOfThisWeek
- March 20th Spring has Sprung, Ten Years, The Madness and #BestOfThisWeek
- March 27th Death of EPost, More Madness, and #BestMoneyStories
- April 10th Senators, Retiring Rich and #BestMoneyStories
- April 17th Playoffs, Tax Time, Beer tax and #BestMoneyStories
- April 24th RRIF Allowances, Bursary Changes, Budgets and #BestMoneyStories
- May 1st Tax Extensions, Golf Season, Bank Fees, May Day and #BestMoneyStories
- May 8th Alberta Valium, Mother’s Day, Che Guevara, Pay Day Loans and #BestMoneyStories
- May 15th Starbucks, Monty Burns and #BestMoneyStories
- May 22nd Coach Money, CPP Up 18 pct, Losing $15B and #BestMoneyStories
- May 29th Easy Money, Better Cell Deals, Dirty Football and #BestMoneyStories
- June 5th Starbucks, Hacked Government Folk and #BestMoneyStories
- June 12th Voldemort for PM, HSBC Cuts 50K, Hockey Talk and #BestMoneyStories
- June 19th Aeroplan Student Loans, Dad’s Day, Kill CSBs and #BestMoneyStories
- June 26th Summer is Here, Canada Day, Christmas and #BestMoneyStories
- July 3rd 2 Day Work Weeks, 4th of July, Greece, and #BestMoneyStories
- July 10th Glitches, Greece, Recessions and #BestMoneyStories
- July 17th Loosest Money, Weddings, Greece and #BestMoneyStories
- July 24th, Family Allowance, Diving Dollar, Access Sharing and #BestMoneyStories
- July 31st, Elections, Heat, Cheap Oil, and #BestMoneyStories
- August 7th, Cheap Gold, Cheap Oil, Weak Dollar, Election Week 1 and #BestMoneyStories
- August 14th, RDSPs, Thrifty NFLers , Election Ho Hum and #BestMoneyStories
- August 21st, Rhinos Return, No Good Debt, Election Banter and #BestMoneyStories
- August 28th, Boom Goes the Markets, Market Cheese, and #BestMoneyStories
- September 4th, Back to School, RESPs, Banks Behaving Badly and #MoneyStories
- September 11th, That Day, I Miss Jack, Easy Money and #MoneyStories
- September 18th, Surplus, What Surplus, NBA Frugality, National Debt and #MoneyStories
- September 25th, The Pope, Autumn, Elections, Volkswagen and #MoneyStories
- October 2nd, An Older Canada, Farewell Max, and #MoneyStories
- October 9th, Turkey Day, Elections and #MoneyStories
- October 16th, CPFC15, Election Day, Jays and #MoneyStories
- October 23rd, Election Reflections, Loose Money and #MoneyStories
- October 30th, Spooky Prices, Falling Back, and #MoneyStories
- November 6th,Financial Literacy, New Cabinet, Hydro One and #MoneyStories
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