Ellen Roseman has a story of Rogers telling one of its customers to pay a bill for $225 or face a charge of $2 million!
Larry Swedroe explains why IPOs generally underperform.
My Own Advisor (http://www.myownadvisor.ca/2012/11/an-example-of-righting-a-wrong-kia-canada/) reports that Kia Canada misreported its cars’ fuel efficiency and is planning to pay actual cash to their customers in compensation.
Gail Vaz-Oxlade argues that women need to build up their financial lives independent of their husbands, taking into account their unique circumstances such as living longer than men and possibly taking time off from work to have children. This is sensible advice. However, she also says “When a woman and a man divorce, his standard of living most often goes up while hers goes down.” Divorce drives up total living costs: an extra rent, extra furniture, possibly an extra car, etc. Most likely both men and women end up with a lower standard of living, on average. Is it really plausible that on average all the extra living costs and more get shifted to women in a divorce, and men end up better off? I can believe that this happens some of the time, but I also know of cases of men living on just a fraction of their former pay due to hefty support payments for their children and ex-wives. In most cases I suspect that both men and women lose out financially in a divorce.
The Blunt Bean Counter explains how to save on your taxes with tax-loss selling. He also has some thoughts on what to do if you’ve got a large capital loss from previous years.
Canadian Capitalist offers his best financial tip: buy a home you can afford.
Money Smarts brings us his best financial tip: take the long-term view.
Retire Happy Blog looks at some key ages in retirement planning from 55 to 71.
Andrew Hallam makes the case for hiring an oddball financial advisor.
Preet Banerjee has a video of himself driving a BMW around a racetrack in the rain. Not all of the passengers stayed calm.
Big cajun Man finds a lot of things to worry about at 2:00 am.
Malcolm Hamilton explains why it is futile to try to safely beat inflation when your savings are outside of a tax shelter.