This will be the last regular post until next year. I may write one or two before then if the mood strikes. To all my readers, I wish you happy holidays and all the best in the new year.
Where Does All My Money Go? breaks down the effect of mutual fund fees on a 25-year investment. Check out the spreadsheet that lets you enter your own inputs to see how much of your money goes to your advisor, the dealer, and the fund company.
Gail Vaz-Oxlade conducted a poll to find out how much people could reduce their monthly expenses if they had to. The most striking thing about this poll is that the highest category is “15% or more”. I could reduce my expenses by 50%. If I absolutely had to, I could go further by moving my family somewhere cheaper. I think people have a misguided sense of the distinction between necessities and wants. Necessities are food, simple clothing, shelter, education, and not much more.
Canadian Couch Potato interviews Vanguard representatives about their entry into Canadian ETFs and what new ETFs may come in a second wave. I’m particularly interested in U.S. and foreign stock ETFs without currency hedging. See part 2 of the interview as well.
The Blunt Bean Counter shows that there is no advantage to earning income in a corporation because of the way that dividend taxation is integrated with personal taxes. I wonder if maybe there are certain narrow situations where using a corporation can be used to smooth personal income between years. One strange situation would be two people who run a company by each working every other year. They would prefer to declare $75,000 every year rather than $150,000 every other year.
Retire Happy Blog reviews Andrew Hallam's book, Millionaire Teacher.
Tom Bradley takes on the claims that the world's financial troubles are “different this time”. Ironically, one of the ways that things remain the same is that people tend to think that present conditions are different from the past.
My Own Advisor had some fun making a financial version of Christmas poetry.
Larry MacDonald reviewed Dan Bortolotti’s book MoneySense Guide to the Perfect Portfolio.
Million Dollar Journey says that cash is king. Many readers weighed in on how much cash they keep around for emergencies and opportunities.
Big Cajun Man makes the case for giving cash as a Christmas present.