In personal finance news this week or credit cards related to it…I was disappointed week to learn that MBNA Canada changed the rewards criteria for their MasterCard Smart Cash credit card. Although the primary feature remains, up to 5% cash back on all eligible gas and grocery purchases for the first 6 months; you now get 2% cash back (used to be 3% cash back) on eligible gas and grocery purchases thereafter. You continue to get 1% cash back on all other eligible purchases; pretty much anything you buy. The reduction on the gas and groceries is a real bummer, but I still think this is one of the best cash back credit cards around. We’ve received $450 cash back over the last year using this card and we’re glad we switched. This also means we put a ton of our transactions on credit cards 🙂 If you want to learn more about this card, you can read more here.
In economic news this week…gold prices bounced off a seven-week low amid speculation more economic stimulus may be coming for the Eurozone. Gold had rallied to an 11-month peak close to $1,800 per ounce in early October but has since tapered off to around $1,720. With interest rates set to remain low to the ground for the foreseeable future (I read until early 2014 perhaps?), many experts believe gold might perform well in the short term. Gold as a non-traditional investment to stocks and bonds can have a home in a portfolio to boost returns, as long as these investments are in sync with your investment objectives as part of a well-defined financial plan. What are your thoughts on gold?
Headlining this Weekend Reading list, The Blunt Bean Counter said you should stress-test your financial situation in the event of a catastrophe. He said this blogpost should be relevant to many people, this advice is “not intended for older readers, but to anyone married or in a common law relationship, no matter their age. A 40 year old can get hit by a car anytime, just as much as an elderly person can pass away due to old age.”
Enjoy the rest of the articles!
Million Dollar Journey asked are you ready to be a landlord?
Dividend Monk wrote about looking for consistent growth with dividend stocks.
Freedom Thirty Five Blog wrote about marginal utility.
Andrew Hallam continued his fine work in Canadian Business this week, writing about Hedge Funds: Luxury Price for Lousy Investments. This comment was great: “Of course, winning hedge funds do exist, but finding them ahead of time isn’t easy.”
Canadian Couch Potato offered some advice why RESPs should be kept simple.
Retire Happy Blog said get irritated about debt. I do, all the time Jim….
Beating The Index profiled Argent Energy Trust.
Finance Fox was wondered what your first big purchase was.
The Loonie Bin shared a personal story of perseverance.
Michael James on Money wasn’t impressed with the appeal process established by our provincial Municipal Property Assessment Corporation (MPAC). On the other hand, I don’t want to appeal because my property taxes are decent…for now.
Boomer & Echo talked said many appliances look good but don’t last.
Big Cajun Man said buck the fucket list. Yes, we all know what he meant, just rearrange the words!
Dividend Ninja wrote about 3 easy steps to saving enough for retirement.
Avrex Money shared the entire S&P TSX Composite index by dividend rates and yield. An excellent resource!
Modest Money wondered why talking about money is hard.
Sustainable Personal Finance wonders if you accept help.
The Passive Income Earner reported his dividend income for October 2012.
TD Waterhouse announced a new web-based, streaming trading platform this week for investors. The new web-based platform, based on current TD Ameritrade trading software, is designed for investors who trade U.S. stocks and execute advanced options strategies. You can learn more about the platforms here.
The Financial Blogger wrote about grabbing life by the balls.
Young & Thrifty said indexing works but don’t take my word for it.
Tom Bradley said investors should be very skeptical of ‘sure things’.
Your Wealth Effect said the latte factor doesn’t work for him.
Thanks for putting My Own Advisor in Carnivals: