Index Investing Becoming a Victim of Its Own Success

Index Investing Becoming a Victim of Its Own SuccessToo much of a good thing can end up being bad. That includes using a benchmark index as the basis for an investing apparently. In the July 2010 paper (download here from SSRN; acknowledgement to Stingy Investor where I found the link) On the Economic Costs of Index-Linked Investing, NYU prof and NBER research associate Jeffrey Wurgler reviews some research results that are disquieting for investors who follow a passive…

Read More >>

Recession May Have Ended But Economy Still in Hole

Recession May Have Ended But Economy Still in HoleTwo years removed from what many feared would be the total collapse of the world economic and financial systems, Canadians may be forgiven for asking — “What was the big deal?” The most severe global recession in six decades fizzled into a run-of-the mill slump in Canada lasting three quarters and costing just over 400,000 jobs, a mere 2.4 per cent of the labour force. And as the second anniversary…

Read More >>

Politicians Playing With Guns

Politicians Playing With GunsThe debate over the controversial long-gun registry may well have become — for voters anyway — a symbolic battle to decide who rules the roost. For politicians, it’s nothing more than a game of chess to steal seats. And According to Kathy Brock, an associate political studies professor at Queen’s University, it’s shaping up to be quite the match. The best move so far, Brock says, goes to the NDP…

Read More >>

Get Your Free Credit Report Today

Get Your Free Credit Report TodayIf you are interested in  getting your credit reports for free then look no further.  All you need to do is contact TransUnion and Equifax (the two authorities in Canada responsible for credit reports) in the following ways: TransUnion: Free Report via Mail or Fax Fax: 905-527-0401 Voice: 800-663-9980 MAIL: TransUnion Consumer Relations Centre P.O. Box 338, LCD 1 Hamilton, ON L8L 7W2 For Quebec Residents: TransUnion (Echo Group) 1…

Read More >>

The Dreaded Double Dip Recession Looms

The Dreaded Double Dip Recession LoomsThe Bank of Canada has raised interest rates again, saying: the economy is recovering but still faces major challenges. If the economy is facing major challenges, then why raise rates? BMO economist Douglas Porter said poor housing sales and less spending by Canadians is still making for a fragile economy — and higher borrowing costs wouldn’t help improve the situation. I can’t think of a really good reason why the…

Read More >>

Former Gambler Wins His Life Back

Former Gambler Wins His Life BackJeremy started gambling at school football and hockey pools when he was 11. At 16, he went to his first racetrack, fibbing to his parents about his whereabouts. “My first night at the race track was the greatest night I ever had. I loved the thrill, the rush and the excitement and I went back the next day and got hooked,” said Jeremy, who’s now in his mid-40s and requested…

Read More >>

Canada’s Largest Bank Goes Paperless

Canada’s Largest Bank Goes PaperlessI know mobile phone companies are going paperless, setting off a lively debate. But I didn’t know that Canada’s largest bank had done the same thing. In May, RBC Royal Bank stopped sending paper statements to its personal banking clients. David, who wrote to me, doesn’t remember getting any notice. I went through a lot of paperwork this past weekend and realized I hadn’t received a statement since April. The…

Read More >>

Tories-Liberals strafe each other over jets

Tories-Liberals strafe each other over jetsThe economic and diplomatic strings attached to Ottawa’s multi-billion dollar deal to buy the F-35 stealth fighters would make it extremely painful — if not impossible — for a future government to unravel or cut, senior Conservatives insisted Wednesday. Unlike the EH-101 helicopter deal axed in the mid-1990s by Jean Chretien’s Liberal government, the pending agreement to purchase 65 new interceptors for the air force is a more complex arrangement…

Read More >>