1. Canadian Capitalist looks at the numbers to refute Mackenzie Financial’s marketing campaign against ETFs.
2. Big Cajun Man isn’t too happy about the city of Ottawa’s plans to more than double garbage collection fees and charge for them separately. With the trend toward cities charging fees for services, eventually property taxes will pay for nothing but the bloated administration that adds nothing to the actual services delivered.
3. Ellen Roseman is concerned about the use of verbal contracts by telecommunications companies.
4. Rob Carrick reports that the Ontario government plans to start teaching money management to kids in grades 4 to 12. Hopefully, the government will be able to limit the influence of the mutual fund industry who will want to steer the curriculum in a favourable direction.
5. Gail Vaz-Oxlade has a collection of stories about parents and their spendthrift children. It’s heartbreaking to watch young people make terrible mistakes and not be able to convince them to change their ways.
6. Frugal Trader feels conservative for using excess cash to invest instead of increasing leverage. In my books that’s somewhat aggressive; using excess cash to pay off the leverage loan would be conservative.
7. Thicken My Wallet looks at “being nice” as a negotiation tactic.
8. Jonathan Chevreau reports that Visa has revised its financial literacy web site (the web page with this article has disappeared since the time of writing). Apparently, Visa thinks the 20-10 rule makes sense: “never borrow more than 20% of your yearly net income” and “monthly payments should not exceed 10% of your monthly net income.” I have a better idea: never borrow more on your credit card than you can pay off at the end of the month.