in Best of, Random Thoughts

To quote that noted newscaster Kent Brockman, “…without knowing precisely what the danger is, would you say it’s time for our viewers to crack each other’s heads open and feast on the goo inside?” . I have read and heard stories of the impending apocalypse and such, thanks to President-elect Trump’s  policies, but I am more worried about the fact that the “Angry Old White Man” Party (aka the Republicans) can now “run the table”. I would not be surprised that if at the end of all of this, Mr. Trump ends up being the voice of reason (yes, I threw up a bit in my mouth typing that), in the Grating America.

Kent Brockman

Dire News From Washington and Kent Brockman

For those who did not wake up a cold morning in 1975 to find the PQ in power in Quebec or a dark October morning in 1990 when Bob Rae became Premier of Ontario, the only advice I can give is, “Chill out for now, and watch closely at what happens”. No one can say for sure what will happen, and if they say they know, they are probably trying to sell you something. I do like the #CalExit folks, given that California is the 6th largest economy in the world.

Meanwhile in Canada Canadians’ debt load increases (according to TransUnion). To quote our friends at Transunion:

“Canadian consumers saw average non-mortgage debt balances rise by 2.3% between Q3 2015 ($21,195) and Q3 2016 ($21,686).”

Note that this is non-mortgage debt as well, so yes, maybe Mr. Brockman was asking the right question?

So one of my new tricks these days, is to combat the deluge of really great deals that arrive in my mailbox (Canada Post), I have taken to saving the really great deals (and coupons), for a special task. Any time I get a great deal (like the new CPP upgrade program, that looks like a Government program, but comes in a blank envelope) with a paid postage return envelope, to say thank you, I put some great coupons and deals in this envelope and mail it back to those helpful folks.

Yes, it is Juvenile, but that is who I am.

RESP Questrade Banner

My Writings for Week Ending November 11th

Another more quiet week from me, but I did write one thing to help parents out Helping Kids With University Costs, Idea #214, for those of you thinking your kids will be able to leave home to go to University. Day to day living expenses for your kids, if they are not at home, really do add up.

Toblerone the Christmas Grinch

Really Toblerone? Really? I may be boycotting my favorite Christmas candy. #BoycottToblerone #BoycottTheValley

Is there any Good New This Week ?

Terry Mosher

The Aislin View of the Election
(copyright Terry Mosher and the Montreal Gazette)

Given the gloom, despair and agony being written this week (if not, out-and-out shock), was there any good news this week?


Food For Thought

Before you decide you must be out of the market due to all this news, watch this clip from one of my favorite money movies (Trading Places), about who makes money on your trades


Wealthing Like Rabbits?

Our friend Robert was in Ottawa on the local CTV station and did a piece on his book. Should see him at the Financial Conference very soon


2016 Random Thoughts

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{ 5 comments }

  • My Own Advisor November 11, 2016, 9:38 AM

    Thanks for the mention – will Tweet out your weekend material as always.

    Good to see Robert getting some nice, positive press – he did a fine job with his book.

    Mark

    Reply
  • B November 11, 2016, 9:23 AM

    I can only hope that the banks don’t insert themselves into the financial literacy curriculum, but I won’t hold my breath.

    Reply
    • bigcajunman November 11, 2016, 11:00 AM

      They will be the wolves in sheep clothing unfortunately. As others have said, the banks will do what makes them money.

      Reply
  • RICARDO November 11, 2016, 7:10 AM

    “Yes, it is Juvenile, but that is who I am.”
    We can not stop our bodies from aging but we can try to keep our mind fertile.

    RICARDO

    Reply

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