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Random Thoughts: Shake, Rattle and Roll

in Home Repair, Quebec, Random Thoughts

Tsunami on Fake Lake?

Yes, much humor has come from the Great Earthquake of 2010, one of which was that the Fake Lake they built in Toronto for the G-8, had a Tsunami on it. The other good joke was that Ontario shifted slightly to the left due to the new HST. We also saw that CPI increase was a little lower in May, which is good, but mostly due to Gas and Energy costs moderating. My guess is from the astounding silence no one wants to admit they are a Big Fat Personal Finance Panda.

What was new in the land of Financial Blogging? Lots of interesting new facts and another roller coaster weeks on the markets cause more interesting discussions, like the following:

  • Michael James spoke of Costly Liars at the Front Door discussing the onslaught of folks at our front doors wanting to look at our water heaters (and possibly slam our Natural Gas or Water Heater bills). Never buy anything sold to you door to door, is a simple motto to live by.
  • Speaking of Hot Water Heaters the Canadian Capitalist had a “Tony Soprano moment” when his hot water heater gave up the ghost and dumped a lot of water in his basement. He described his predicament and also savings in Installing a New Hot Water Heater, pointing out it ends up being cheaper to buy one, than to rent one.
  • Preet discusses even more Hot Water in The $57,000 Lake Revealed, sorry no Hot Water Heater, but a lot of Hot Water for the Government for building a lakefront set in Toronto, because they didn’t want to let the press into where the G-8 summit is being held.
  • Larry MacDonald shows that even the most professional of us in the world of money can get caught up in Lotto Fever with his article 1 in 1 chance of becoming a millionaire, ok it’s a trick on his part, but it’s a good post.
  • The Canadian Couch Potato points out that Not All Indexes Are Created Equal and be careful with Indexes and Index Funds, to make sure you choose a good index to go with, in your passive investment strategies.
  • The Frugal Trader over at Million Dollar Journey wants to know your opinion on An Increase in CPP? and whether you agree with it. I think it’s an interesting idea, but I suspect Canada’s Medical System is going to bankrupt the government LONG before CPP does.

Giveaway Coming Soon

Someone kindly gave me a copy of Quicken 2010, and given the year is half over, maybe it’s time I actually gave it away, so stay tuned, I will announce this huge contest soon.

Weekly Reminder

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{ 10 comments }

  • Ryan Rohloff Atlas Financial Planning June 25, 2010, 3:56 PM

    @bigcanjunman
    I have just today notice the post you had on the RDSP you opened for you son. I could not seem to comment under those posts. I just wanted to let you know a couple things.
    As a person with a disability I have gone thought eh process of opening a plan for myself, as well as assisting a couple client open them, so I am fairly familiar with the process.
    The holding period for RDSPs is really 30 year before you can take money out, so TD has a long time to figure that out. You can contribute and recieve the grants and bonds as eligible for 20 years and the funds have to stay in the plan for 10 years or the grants and bonds would have to be repaid, whcih would defeat the purpose of putting the money in the RDSP in the fisrt place. The catch is the funds will work on a last in first out basis so in year 11 if you want to take money out you can not take out the funds you put in, in year one, but must take the funds out you put in, in year ten and repay the grants and bonds. If you or anyone else have any you can email me ryan@atlasfinancialplanning.ca
    Also I plan on writting an acticle on RDSP shortly. I was going to publish it on ezines.com, but I would be happy to post it on your site as a guest contributor if you would like.

    Reply
  • Canadian Capitalist June 25, 2010, 1:15 PM

    Thanks for the mention! Have a wonderful weekend! I hope mine is water-free.

    Reply
  • Preet Banerjee June 25, 2010, 12:27 PM

    Thanks for the link. And people wonder why we have debt.

    I guess the Olympics wasn’t enough of a showcase?

    Reply
    • bigcajunman June 25, 2010, 12:33 PM

      I wouldn’t mind about 40 yard length of the fencing they put up in Huntsville, now that is a spite fence!

      Reply
  • larry macdonald June 25, 2010, 8:01 AM

    I wonder how much those earthquake premiums are?

    Reply
    • bigcajunman June 25, 2010, 8:23 AM

      Any insurance agents out there with a wet finger estimate about how much Earthquake Insurance might cost?

      Reply
  • Michael James June 25, 2010, 7:57 AM

    Thanks for the mention. I wouldn’t go so far as to call it a “great” earthquake. Certainly we’ve had enough truly devastating quakes around the world that we can agree that the one in Ottawa was very minor.

    Reply
    • bigcajunman June 25, 2010, 8:22 AM

      Agreed, not that GREAT an earthquake, only 1 bridge down, really just a fun story to tell.

      Reply

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