Canadian Investment Advice and Financial News
Too 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 […]
McKinsey & Company’s Globalization’s critical imbalances in the McKinsey Quarterly report provides a readable summary of those issues along with some implications that, though they are directed at a corporate audience, provide food for thought for individual investors. Here are a few parts I think to be pertinent: “it would be wise to be prepared […]
Worth reading: IndependentInvestor.info‘s Proposed Canadian Securities Act and investor protection: a failing grade. The thoughtful, detailed analysis and judgment of the proposed move by the federal government to create a national securities regulator shows how little improvement there really is likely to be for the individual investor in solving key problems: high fees for mutual […]
I got caught out! Here is what I learned the hard way about credit cards and interest charges on late payments. Mea culpa, through simply not paying attention, I was a day late paying the full balance. Of course, that means interest is charged and not just for the one or two days that payment […]
Is there such a thing as a secular financial bubble? Has the financial sector become bloated out of proportion to the economy over the last few decades and is there be a contraction in store, abrupt or prolonged, back to a smaller financial sector? Was the crisis of 2008 merely the start? I’m not sure […]
Call this book A Random Talk About Wall Street. That is both a compliment and a criticism. It is a compliment because comparing this book to Burton Malkiel’s famous A Random Walk Down Wall Street puts it in a special category. Indeed much of the message is the same in the two books – valuable […]
The Shrinking TSX Another ones bites the dust. As I noted last year, the TSX Composite Index has been shrinking for years. That seems to be continuing, though at a slower pace. When Enerflex Systems Income Fund (EFX.UN) leaves the index next week as the result of a buyout (see Standard & Poors press release) […]