Better late than never! On with the interesting links this week:
Tom Bradley wrote an excellent piece on what leads money managers and advisors to promise more than they can deliver, and how they can take a different approach to give their clients reasonable expectations.
Larry Swedroe explains how bond funds game their risk ratings and make their returns look better than they really are.
Canadian Capitalist describes increasingly easier methods of saving money on conversions between Canadian and U.S. dollars.
Million Dollar Journey gives one person’s take on a way to convert a principal residence into a rental property with mortgage deductibility.
Wealthy Boomer makes the case for raising the age where Canadians have to start drawing from an RRIF from 71 to 73. This makes sense to me. Of course, almost exactly the same argument could be made for raising the retirement age.
Larry MacDonald shows that being smart doesn’t necessarily help you beat the market.
Preet Banerjee is still trying to justify spending nearly $1000 to drive a Lamborghini for 10 minutes. I’m with him on this one (knowing that he can afford it), but I wonder what his girlfriend thinks.
Big Cajun Man had a bad experience with a retailer and wonders why the retailer is more concerned about being right than continued business.
Canadian Couch Potato ends his dividend myth series with an explanation of why the popular “yield on cost” measure has little real meaning.
Potato has some analogies to explain the internet usage-based billing (UBB) debate.
Financial Highway has some suggestions for how to get a discount from your car insurance that will terrify your insurance agent.
Money Smarts weighs in on the TFSA vs. RRSP debate.
Boomer & Echo tackle the touchy subject of finding good senior care facilities.