Friday, March 4, 2011

Short Takes: Forced to Pay a Friend’s Tax Debt, Stock Market Valuation, and more

Canadian Tax Resource describes a case where a court ordered someone to pay a friend’s tax bill. This is a cautionary tale about the dangers of helping someone evade taxes.

A Loonie Saved makes the case that the stock market is overvalued based on stock market returns over the last century or so.

Mark Barnicutt argues that financial advice should focus on meeting clients’ future spending needs rather than promising to beat the market.

Preet Banerjee explains that there are many ways that an index fund manager can fail to track the index well, but that we can detect these problems by simply checking the fund’s tracking error.

Money Smarts explains the different ways that you can unlock a locked-in retirement account.

Larry MacDonald (this web page has disappeared) says that amid the huge trade imbalance between the U.S. and China, a bright spot in the future will be the U.S. exporting meat to China.

Rob Carrick says that you should stress-test your debt by checking to see whether you can handle interest rate increases.

Canadian Capitalist summarized Warren Buffett’s latest letter to Berkshire Hathaway shareholders.

Big Cajun Man got double-billed twice – one case was his fault and the other not.

Million Dollar Journey explains the many fees that mutual funds charge investors.

Financial Highway is having a big anniversary giveaway including an iPad, movies, and more.

3 comments:

  1. Wow, that tax bill story is a bit scary.

    I understand the logic behind the law, but I would think it's an honest mistake made by the friend.

    ReplyDelete
  2. Thanks for the inclusion, better luck next time taking on the Evil Empire of the CRA.

    ReplyDelete
  3. Thanks for the mention - see you next week.

    p.s. I've gone through three people to find that data we talked about. One more person to try...

    ReplyDelete