Friday, September 27, 2013

Short Takes: Wealth Advice and more

Here are my posts for this week:


A Reader Question about Choosing Winning Mutual Funds

Here are my short takes and some weekend reading:

Mr. Money Mustache explains some wealth advice that should be obvious, but isn’t.

Larry Swedroe reports on studies showing that active bond funds won’t protect you in a bear market. With the current fear of rising interest rates, no doubt some investors will try active bond funds anyway in the hopes of avoiding losses.

Canadian Couch Potato doesn’t think that now is the time to abandon bonds.

Where Does All My Money Go? knocks off a few cobwebs and features a podcast with Som Seif who launched Claymore back in 2005 and is now CEO of Purpose Investments.

My Own Advisor gave a great summary of the 2013 Canadian Personal Finance Conference that was held in Toronto last weekend. I had a great time at the conference and enjoyed answering questions as part of a panel. Many thanks to Mark Goodfield, a.k.a. The Blunt Bean Counter, for a great talk and his gift of a sleeve of 3 golf balls. I’ll try not to lose them all on the same hole.

Million Dollar Journey offers some detailed financial advice for a 53-year old woman with a modest income.

The Blunt Bean Counter has a short TFSA quiz to test your understanding of the contribution limit rules.

Big Cajun Man observes that the typical career earns only about 1000 biweekly pay cheques, and you’d better start thinking about building some savings before they run out.

Life Insurance Canada has some sound advice for buying life insurance. I liked the part where he said that the word “investment” in connection with life insurance should be preceded by the word “crappy”.


  1. Hey Michael,

    Nice to finally meet you. You had some great points during your panel discussion. Man, if BCM really loses the balls way out and you may lose them all on the same hole, you guys must be some real duffers :)

    1. @Mark: I'm all over the map. A common round for me is a 96 with two birdies and a 10 and a 9.

  2. Thanks for the inclusion, you seem to be better than me at Golf, so I won't comment...

  3. Thanks for the mention. Good to catch up with you over the last week.


  4. An Apple bank would be a worthwhile innovation. On that note I was pleased to hear recently that ING Direct allows you to deposit a cheque using your smartphone. Naturally it requires something more modern than what I have, like an iPhone.

    1. @Richard: Cellphone contracts are just too scary for me. Until I can use a smart phone on a pay-as-you-go basis, I won't be getting one.