1. Canadian Capitalist took the Fraser Institute to task for giving us a skewed view of the typical tax burden. This post generated a lot of discussion including a comment from a Fraser Institute senior economist that mostly missed the point.
2. Potato gives a thoughtful explanation of why option collars for limiting risk do not give a good balance between risk and reward. As a bonus, Potato had two other interesting posts. One explained why options are a zero-sum game, but stocks are not. The other one is about student rental discrimination.
3. Thicken My Wallet explains the limitations of relying on a financial advisor’s accreditation. Like doctors, lawyers, and accountants, financial advisors are self-regulated which can present problems as this post explains.
4. Larry MacDonald writes about the potential demise of money market mutual funds if new rules prevent them from continuing to hide risk from investors.
5. Four Pillars discusses different types of common financial scams. The employment scams section was mostly new to me.
6. Million Dollar Journey discusses how to deal with a common problem: lifestyle inflation.
7. Big Cajun Man asks a question I’ve wondered about for a while: are you potentially getting yourself into trouble if you keep only scanned images of old bills and receipts instead of the original?
8. Where Does All My Money Go? explains that your dog could end up costing you $38,000. Based on the vet bills for some of my friends, this estimate seems low.