Friday, October 5, 2012

Short Takes: Vanguard Changes Benchmarks, Jail Time for Mortgage Fraud, and more

Canadian Couch Potato and Canadian Capitalist report that Vanguard will be changing the benchmark it uses for several of its index ETFs to save on benchmark licensing fees.

Canadian Mortgage Trends reports that a mortgage broker who submitted fraudulent mortgage documents on behalf of his clients in an effort to improve their chances of approval will be going to jail. They say this is a good thing because questionable mortgage documentation is all too common.

Million Dollar Journey reports stock-picking contest results to the end of Q3. The average return of the 10 participants is 4.5%. This trails the TSX at 6% and the S&P 500 at 15%. I guess I’ll stick to indexing.

Big Cajun Man is worried about the looming bacon shortage. Of course, we won’t have an actual shortage; it’s just that the price is going to rise. That’s the great thing about free(ish) markets; you can always have what you want if you’re willing to pay for it.

Retire Happy Blog says that the ability to save money is a combination of nature and nurture.

2 comments:

  1. and with this shortage the bacon will taste that much better, because we paid more for it! Mmmm.... bacony and scarce !

    Have a great LOOOOONG weekend

    ReplyDelete
  2. Based on consumerism of the past few years, it's a virtual certainty we will start to see "don't pay a cent" events for bacon.

    Have a great long weekend!

    ReplyDelete