Rate Reactions, Mortgage Double Ups, Bad Cycling and #MoneyTalk

in Best of, Random Thoughts

A week after the tumultuous news of the Bank of Canada raising their nightly rate by ¼% Canadians are still recovering from rate reactions shock. As I have said, if that rate increase caused you consternation, “… you ain’t seen nuthin’ yet…”. While rates will not sky-rocket they will slowly increase back to normal levels (whatever normal means these days).

With the rates moving upward I wonder if it will become “cool” again to make overpayments on mortgages (again)? I found it interesting with rates so low, making “double up” payments or such would get the loan principal down, but it became very passe to do that. You could make so much more investing the money, was the argument. Funny, that argument is always around (no matter what the rates are at).

The new “thing” to talk about is the impending Stock Market correction. Many financial talking-heads are espousing that the markets are far too high, and there will be a correction soon. This is possible, but as I have said, “Economists have predicted 7 out of the last 3 market corrections“, so take it with however much salt you wish.

Game of Thrones starts the first½ of their final season? Winter is here, both in Westeros and financially in the real world.

Game of Thrones Financial

Rates are Rising, Winter is Here

Interesting that not too many of the talking heads are saying much about the fact that bonds should drop in value with interest rates rising? Doesn’t sound right does it, but my Bond Funds have dropped in value over the past few weeks.

Most disgusting thing I have heard about at work? Someone boiling the silicon buds from their headphones (to clean them) in the communal group electric kettle. I know longer drink tea at work.

Cyclists Take Heed

I know many of my readers and friends are avid cyclists, so please take heed of this video of the importance of stopping for red lights and stop signs!


Summer Arrives

The sun in shining in Ottawa these days, and things are finally starting to dry out, after a very moist early summer. Here are some other shining examples of financial writing too. ☀️


Disclosure Rules

Do you understand all the fees you are paying on your investments? Tom Bradley from Steadyhand gives you some help.

2017 Random Thoughts

1st Quarter 2017 Random Thoughts

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