My Own Advisor

 

Before we get to the long weekend reading list, some fun Canada Day facts, to wow your family and friends this weekend…

• Canada Day was formerly called Dominion Day.  On July 1, 1867, in the spirit of the British North America Act, there was a union of the Province of Canada, Nova Scotia and New Brunswick. On the same day, the Province of Canada was subdivided into Ontario and Quebec – signalling confederation. This day was given statutory value in 1879.  Canada Day didn’t come into being until 1982.
• Cross-country television transmission by our trusted CBC began on Canada Day in 1958.  Color television was first introduced in Canada nine years later, on, yes, Canada Day in 1967.
• The Order of Canada, the highest civilian honour was inaugurated on Canada Day in 1968.
• “O Canada” became our official national anthem on Canada Day in 1980.
• Some famous people born on Canada Day: Pamela Anderson, Dan Akroyd, Lady Diana the Princess of Wales, Missy Elliott, Jamie Farr, Rod Gilbert, Olivia de Havilland, Estee Lauder, Carl Lewis, Sydney Pollack, Alan Ruck and Liv Tyler.
• Originally, the official celebration of Canada Day was held only in Ottawa. However from 1980 onwards, the special day for Canada has been celebrated in every municipality across the nation.  Our celebrations include  concerts, fireworks, parades, air shows and barbecues.  Ah, yes, and cold Canadian beer

Wherever you are this long weekend, enjoy it!   

Over the long weekend, please take a couple of seconds to vote for My Own Advisor at Modest Money’s Top Canadian Investing Blogs Poll. I’m close to the top but not quite there yet! 

I’ll be back next week!

Rob Carrick said don’t be surprised if your bottom line isn’t growing.

Jim Yih said retirement in a different country can be fun, but you need to know what you’re getting into.

Rob Bennett on Balance Junkie encouraged you to open your mind, consider the promising but “extreme” ways of value-informed indexing.

Modest Money offered some great tips for social media marketing.

JT had a post on Boomer & Echo this week, stating market efficiency has a glaring oversight.  JT said, among other things “passive indexes are propelled by active managers. The difference between active and passive funds is the cost – holdings are virtually the same by nature of how the indexes work.”

The Loonie Bin welcomed IGM into his portfolio.

Larry MacDonald wrote about real estate as an inflation hedge.

Tom Bradley said being greedy requires careful planning.

Michael James on Money took a second look at human capital.

Larry Swedroe told us how to be a successful investor.  Larry had this to say which I thought was great:  “How you react during crises will determine the likelihood of successfully achieving your goals. Unfortunately, most investors, even those who use their heads to develop investment plans, allow their stomachs to take over during crises.”

Canadian Couch Potato shed some light on what normal stock returns are.

Tusk Trader on Preet Banerjee’s site shared some bad trades.  Tusk’s post was a reminder for me to visit Preet’s site soon and check out his podcasts, I think he has one with Arlene Dickinson (Dragon’s Den) and Tom Bradley (Steadyhand).

The Blunt Bean Counter revealed he is not your typical accountant, citing Flo Rida songs in this post.  A buddy of mine in Toronto enjoys this music as well!

Kevin from Invest It Wisely wrote about Zen personal finance and what it really means to invest it wisely.  A very transparent and introspective look at his financial journey and more…

Miss T. discussed delayed gratification and the dangers of overspending your financial future.

The Financial Blogger discussed the importance of vacations.  Indeed!

Kim sent me a cool infographic to share:  where to get investment advice, your investment advisor or broker?

Million Dollar Journey provided a great overview of the new CHMC mortgage rules.

My favourite source for mortgage news and trends…told us some lenders implement new mortgage rules early.

Passive Income Earner provided some tips to save on your property and vehicle insurance.

Sustainable Personal Finance told us about the dollars and cents of your bathroom.

Dividend Ninja said you can supercharge your dividends using covered calls.  Avrom also launched Web Ninja this week.  From Web Ninja, you can learn about monetizing your website, using the best WordPress plugins, learn about online marketing, creating wicked email campaigns and much more!   Check out Web Ninja soon and to Avrom, congrats on making this cool project a reality.  

Canadian Capitalist informed us about the frequency of black swan events.

Susan Brunner reviewed a stock I’d like to own, Saputo.

Finance Fox offered some money management tips for newlyweds.

My University Money discussed leveraging your wealth, for your children.

Beating The Index had an informative post about why electric cars don’t make financial sense, at least not yet.

Big Cajun Man shared a good idea with a really bad implementation.

Y&T provided a mid-year update on her 2012 New Year’s resolutions.  Was that night really six months ago???

Thanks for reading and sharing this article.