Friday, March 25, 2011

Short Takes: Identity-Theft Mortgages, A Buy-Low and Sell-High Trick, and more

Gail Vaz-Oxlade offers some straight-from-the-hip advice about not being suckered into taking on loans. I found the most interesting part of her advice to readers to be her assertion that you don’t need to keep a secured line of credit backed against your home to protect against identity thieves who try to take a mortgage out in your name. She says that courts side with the original owner. This is an area where it is easy to scare homeowners and I’d like to understand it better.

Preet Banerjee has a great story about one financial advisor’s way to keep his clients from buying high and selling low in a panic.

Rob Carrick advises us to choose an investment strategy that is as rational as we can live with. I’d extend this line of thinking to say that as we learn more about investing and the inevitable ups and downs of the markets, it becomes easier to control emotions and tolerate more financial turbulence.

Big Cajun Man has an important message about periodically changing your online banking passwords.

Million Dollar Journey explains the many tax issues of buying property in Florida. If this doesn’t scare you off buying in Florida, then nothing will.


Canadian Capitalist explains the issues in the doomed 2011 budget’s crack down on abusive charities.

Larry MacDonald (this web page has disappeared) has some interesting stories from the budget lock-up where journalists get to see the budget early, but can’t leave until the budget is released.

Money Smarts has a detailed review of Interactive Brokers.

3 comments:

  1. Thanks for the mention.

    I won't be buying land in FLA or anywhere else, anytime soon.

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  2. It's hard enough looking after my primary residence. I can't imagine the workload involved in maintaining a second home. Thanks for the mention!

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  3. A belated thanks for the mention!

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