Friday, August 24, 2012

Short Takes: Unexpected Expensive Currency Conversions, Defending Index Investing, and more

Canadian Capitalist explains how you can get caught paying for expensive currency conversions if you own Canadian companies that pay U.S.-dollar dividends.

Canadian Couch Potato has fun shooting down some silly arguments against index investing.

Larry MacDonald (the web page for this article has disappeared) says that financial regulators in Canada are in no hurry to put investors’ interests first despite moves in this direction in the U.S., Britain, and Australia.

Scott Adams bought a car and his description of the event captures all the high, lows, and annoyances of negotiating with car dealerships.

Excess Return explains indexing with ETFs and mutual funds. It’s interesting that a blog called “Excess Return” would make the point that most active investors would be better off indexing. It’s refreshing to see people who seek positive alpha acknowledge the mathematical reality that most who try cannot achieve it.

Million Dollar Journey defends 30-year mortgages. Guest blogger Sean Cooper shows that it is possible to use 30-year mortgages responsibly, but overall I think the country is better off without them. Having a 25-year mortgage wouldn’t affect Cooper’s plan much, and preventing some borrowers from overextending themselves has high value.

Gail Vaz-Oxlade goes off on a good rant about MoneyMorons and how to detect and avoid them.

Big Cajun Man saved $1200 in one phone call to his cable company.

Preet Banerjee recorded a hot water tank door knocker for his latest Mostly Money Mostly Canadian podcast.


  1. Amazing how simply asking for a better deal is enough these days. Have a great weekend and thanks for the inclusion

  2. Thanks for the mention Michael. Like most things in life, investing should be kept simple. Enjoy your weekend!