Friday, July 15, 2011

Short Takes: Free Air Miles, RRSP swaps, and more

Americans have no love for dollar coins. There have been several failed attempts to get them to stop using one-dollar notes. However, some people have found a clever and amusing way to use dollar coins to get free air miles.

Canadian Capitalist isn’t too happy about the trend toward disallowing RRSP swaps. Rather than try to distinguish legitimate swaps from those designed to give “advantage”, it’s easier for brokers to just disallow them altogether. This can be an annoyance for investors who have no intention of gaining advantage.

Tom Bradley at Steadyhand hints that the Steadyhand Funds perform well on the “gap” measure which is the difference between reported fund returns and the returns actually experienced by investors in those funds. This gap measure is one way to gauge how well financial advisors help investors make rational decisions.

Retire Happy Blog leans toward debt repayment in the debate about whether to contribute to a TFSA or pay down debt.

Preet Banerjee has some ideas on how to reduce your banking fees.

Money Smarts updated a chart of the average wait time when phoning Canadian discount brokerages.

Big Cajun Man has heard all the talk of the U.S. debt ceiling and coins the term “debt floor” to be the point where you get out of debt. Personally, I’ve never liked the term debt ceiling because I think of increased debt as sinking (or digging). So I’d prefer to use debt floor to mean the maximum one can borrow. Maybe “dungeon level limit” is better.

5 comments:

  1. Thanks for the inclusion, Debt Dungeon sounds like a great title for a post.

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  2. Thanks for the mention.

    I enjoyed the dollar coin story.

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  3. Thanks for the Steadyhand mention.
    Interesting story about the dollar coins too.

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  4. Thanks for the mention. Hope the weather has been as nice in Ottawa as it has been here!

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  5. Belated thanks for the mention Michael. Hope you had a great weekend!

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