Friday, January 5, 2018

Short Takes: Optimism, CPP Changes, and more

I wrote one post over the holidays:

DALBAR’s Measure of Investor Underperformance is Wrong 

Here are some short takes and some weekend reading:

Warren Buffett says “most American children are going to live far better than their parents did.” His sensibly optimistic essay is a good antidote to the pessimistic hand-wringing over lost jobs due to automation. However, he does warn that we have to make sure people at all economic levels share in the gains that are certainly coming.

Doug Runchey at Retire Happy explains the 5 proposed changes to CPP agreed to by the federal and provincial Ministers of Finance.

Mr. Money Mustache explains why you shouldn’t invest in bitcoin. He shows that he understands the issues very well.

The Blunt Bean Counter looks at the revised rules on taxing income sprinkling.

Big Cajun Man makes some financial predictions for 2018. I find it interesting that Canadians love to predict that the Canadian dollar will rise against the U.S. dollar. Of course, nobody knows what will happen to the dollar.

1 comment:

  1. Are you impugning my wild ass guessing for the coming year? As mentioned in the disclaimer, anyone who uses those guesses as the basis for any decision is asking for trouble. Enjoy the frigid temps in Ottawa, I believe we'll start measuring it in Kelvin today. Today's high in Ottawa is 253 Kelvin!