UFile Giveaway Results: Congratulations to John B. for winning the random drawing in the UFile giveaway. I have contacted him by email, and he will soon get his UFile access. Thanks to everyone who entered the contest.
1. Madhavi Acharya-Tom Yew of the Toronto Star finds that women and the elderly are turning to online investing to take charge of their financial dealings. I may be biased about the importance of this article because I was quoted, although something happened to the first sentence of my quote. My blog was also included in the Toronto Star’s list of best free online investment web sites. Any time I get mentioned in the same list as Canadian Capitalist I’m happy.
2. Larry MacDonald is on the side of the Competition Bureau in its battle with the real-estate brokerage industry over access to the Multiple Listing Service. I agree with Larry’s thinking on cartels. I’m a believer in free enterprise, but it only works when there is true competition. Canadian Capitalist also discussed real estate and how fee structures affects real estate agent incentives.
3. Jonathan Chevreau reports that the C.D. Howe Institute wants to nearly double RRSP contribution limits. I certainly wouldn’t mind having more RRSP room for myself, but a great many Canadians seem unable to use the RRSP room they already have. I’m not sure that expanding tax breaks for the wealthiest Canadians is what we need right now.
4. Larry Swedroe reports that bond fund managers fare no better than stock fund managers at beating their index benchmarks according to an extensive study of bond funds from 1991 to 2008.
5. Ian McGugan at the Financial Post argues that commodities aren’t a good hedge against inflation, despite what many say. He explains why you can’t expect commodities to be good investments.
6. Million Dollar Journey finds what looks like a spousal RRSP loophole. It doesn’t look like a loophole to me because it burns up RRSP room, but it may be an interesting idea for couples who can’t seem to use all of their RRSP room anyway.
7. Thicken My Wallet has some more advice on how to set yourself apart from other job seekers.
8. Where Does All My Money Go? examines home bias: our tendency to invest our money in our own country.
9. MoneyNing has a clever and amusing little video illustrating how small $100 million is in the entire US government budget. You’ll have to page down a little to get to the embedded video.
10. Big Cajun Man’s finances are sent out of whack by some big purchases.
11. Ellen Roseman has some words of warning about getting caught by damage charges when renting a car.