Friday, December 4, 2009

Short Takes: Another Ponzi Scheme, Exchange-Traded Notes, and Job References

1. Canadian Capitalist reports on yet another huge Ponzi scheme that ensnared people with “wealth-buliding seminars”.

2. Preet explains how leveraged Exchange-Traded Notes (ETNs) hide snowballing interest charges.

3. Thicken My Wallet explains that references matter more than ever in a job search.

4. Canadian Dream takes a run at figuring out how high CPP deduction rates would have to go to get higher benefits. Former CPP & OAS Chief Actuary, Bernard Dusseault, weighed in with a useful comment. Hopefully he can be enticed to expand on his thoughts.

5. Big Cajun Man found that opening a Registered Disability Saving Plan (RDSP) isn’t as easy as opening RRSPs and TFSAs.

6. Million Dollar Journey looks at how to claim a capital loss on a de-listed stock like Nortel.

7. Mike at Four Pillars decided to collapse his leveraged investing plan (the web page with this article has disappeared since the time of writing). The big danger for anyone considering leveraged investing is that it will seem like a great idea when the stock market is booming (expensive stocks) and will later seem like a terrible idea when the stock market is crashing (cheap stocks). At least Mike stuck it out for the last 9 months while stock prices rose from their lows.

8. Potato concludes his story of looking for a place to rent in Toronto and has some advice for landlords.

9. The Wealthy Boomer reports that former regulator and high-profile critic of the mutual fund industry, Glorianne Stromberg, won the fund industry’s career achievement award (the web page with this article has disappeared since the time of writing).  This is a surprising choice and may have much to do with the fact that Morningstar had taken over these awards.

6 comments:

  1. Thanks for the mention, still no sign of the RDSP, but I did break one of the stone knives I used while filling in the forms, so maybe that will delay it...

    Have a superb weekend

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  2. Thanks for the mention. Have a great weekend!

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  3. Thanks for the mention Michael. Have a great weekend!

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  4. I enjoyed #6 - sometimes people get delisted stocks and then they think, now what? A timely post prior to year end for some investors. Cheers.

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  5. Thanks for the link.

    Leveraged investing was quite interesting and even fun at times but I'm glad I'm not doing it any more. :)

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