Estimated enjoyment time: 6 minutes
Well, wasn’t that exciting on Wednesday? The NYSE (arguably one of the most important stock exchanges in the world) is shut down due to a computer glitch. I have read something like this before in Debt of Honor (by Tom Clancy)? Maybe not, but that was the first thing I thought of when I heard the NYSE was shut down.
The fact that the Wall Street Journal and United Airlines both had issues as well, makes you scratch your head a little as well, doesn’t it? Were there any strange stock prices entered on Wednesday (Read the novel for that reference).
So Greece decided they didn’t like the EU terms for their bailout and are making up their deal? This stuff writes itself, amazingly. I plan on sending TD my terms on how I will not pay much back on my Mortgage as well, and see how that works for me.
American banks seem to think that Canuckstan, I mean Canada, is in a recession. Our latest finance minister disagrees and says, “… it’s a flesh wound, nothing to worry about…”, but it remains to be seen who is right and wrong here.
Speaking of teetering stock markets, China’s latest Stock Market foray seems to be close to a significant fall as well. Not a great week in the investing world I suppose.
My Writings for Week Ending July 10th
A lazy week for me, actually, a hectic week as we prepare for a wedding this week. May not be too much next week we shall see if any Frays or Boultons are at the wedding (Game of Thrones reference) :
- I was amazed when I saw the numbers from the Bank of Canada about Canadian borrowing habits, which made me query Do Canadians Borrow For Wealth ?
- There is no chance this wedding on the weekend will be a Loveless, Sexless Marriage as described by Preet (on the CBC).
- The advice given out at this wedding will not include, You Should Divorce Your Wife (and oldie but a goody from me).
- If you are interested in security and technology, the sister publication from this site had Post Blow Things Up Day and Best of Technology and Security This Week, Windows 10 is helping Windows 7 penetration.
- To end the list let me first say thanks to all the financial bloggers out there that I have met (either in person or on line) I may not voice my appreciation, but you are all amazing, and if you asked What are Financial Bloggers Good For? I’d reply, plenty! They are good people.
Wonder what Glitch Actually Means and Other Financial Fun
Mark from the Blunt Bean Counter is going to work on his golf game this summer (not a bad idea for him), but we will miss his commentaries and helpful hints (absolutely a Credit to all Financial Bloggers). Barry from Money We Have asks a simple but very complex question, Do Same Sex Couples Face Unique Financial Challenges ? The answer in my mind is yes and no, but read Barry’s article, it is an interesting read.
The investing concept is Bonds, (no, not James Bond), and Mark from My Own Advisor gives us Revisiting the Need for Bonds (how will the Empire survive without them?). Speaking of savings, Robb from Boomer and Echo boldly posts a Net Worth Update: 2015 Mid-Year, you guys won’t see this kind of info from me in the near future (unless I win the lottery). Want to learn more about finances? LSM Insurance is giving a away free tickets to CFPC15 (in Toronto) so go try to get some. Investing did you say? Blessed by the potato enters the shark infested waters of active investing with 2014 Active Investing Update: Execution Risk, I think we need a bigger boat. The Canadian Couch Potato takes a look at another “fool proof”portfolio with Raining on the All Seasons Portfolio. Nothing is fool proof, because fools are just so darn ingenious.
Think you have your retirement expense pull down set with the 4% rule? You might want to read 4% Rule Experiments Using Longevity Statistics, this is a touchy subject with a lot of folks, but you had better be sure your math is correct before you retire.
Credit Card Balance Protection Insurance
Preet returns with another sage piece of advice (and no mention of Airport bathrooms either).
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
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The NYSE glitch and ensuing stock price tumble was great for me because I happened to be buying some stock ETFs late that day. Thanks for the mention.
I’m sure if I was involved my money would have evaporated or disappeared (into some Evil Villain’s bank account).