John Bogle says the recent past has been the “worst time for investors that he has ever seen,” but “long-term investors must hold stocks, because risky as the market may be, it is still likely to produce better returns than the alternatives.”
Canadian Mortgage Trends reports that the 3-months interest penalty on some mortgages is based on a higher interest rate than your actual mortgage rate. Maybe people need to start hiring lawyers to read their mortgage contracts.
Rob Carrick gives us some tongue-in-cheek definitions of financial terms. I liked “Contrarian: Someone who is wrong in predicting what will happen, but in a different way than the herd.”
Big Cajun Man details his experience trying to get a reasonable deal on a new cellphone from Telus.
Give Me Back My Five Bucks has a very sensible way to look at prioritizing spending.
Canadian Capitalist has a guest post about whole-life insurance. It turns out that if you compare the return in the investment portion of a whole life policy against long-term bond rates, it looks reasonable. But the whole life policy doesn’t look very good compared to expected stock returns. So, a whole life policy should be viewed as partially life insurance and partly a bond issued by the insurance company.
Million Dollar Journey has a take from Ed Rempel about why Bill Gross is wrong about the death of equities. I prefer the simple explanation that Gross ignored the fact that dividends get spent.
Larry MacDonald continues to fight it out with housing bears.
Preet Banerjee looks at some research showing that women tend to outperform men at investing.