Weekend Reading – Canada Day Long Weekend Edition

Canada Day 1

Before we get to the long weekend reading list some fun Canada Day facts to share if you don’t know these already.  You can wow your friends and family over BBQ and beers this weekend 🙂

  • Canada Day was formerly called Dominion Day.  On July 1, 1867, in the spirit of the British North America Act or what you savvy historians out there casually refer to as, the BNA, there was this little union amongst the Province of Canada, Nova Scotia and New Brunswick.  On the same day, the Province of Canada was subdivided into Ontario and Quebec signaling confederation.  This day was given statutory value in 1879.  Canada Day didn’t actually come into being until 1982.
  • CBC began cross-country television transmission on guess what day in 1958?
  • The Order of Canada, our highest civilian honour was inaugurated on guess what day in 1968?
  • “O Canada” became our official national anthem on, you guessed it, 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, Liv Tyler and Alan Ruck.  Speaking of Ruck, I loved Ferris Bueller’s Day Off – one of my favourite movies.

Wherever you are this long weekend, celebrate it and be thankful, for living in what I believe is the greatest country in the world.  Happy long weekend!

Seems Boomer and Echo caught my wavelength, they wrote about the cost to build an individual stock portfolio.  Robb figures he’s saved close to $400 in money management fees over the years by building his own stock portfolio instead of purchasing a Canadian dividend ETF like CDZ.  

A fan of personal finance and smart investor in his own right, Barry Choi had a guest post here about signs your adviser doesn’t know a thing.  My favourite part was this:  “One meeting he had a cast on his hand.  I asked if he was okay and if he was in an accident?  His response was his hand had met the face of someone he didn’t agree with.  How do I even respond to that?”

Jason Zweig reminded us that market stumbles are great news for investors.

This website tells us about the opportunity cost of sitting on cash for too long.

Tom Drake said you should rethink an annuity for retirement income.  I think they make sense for some investors but certainly not until you’re at least age 70 due to low yields these days.

Retire Happy reminds us to buy low and sell high, if you sell at all that is.

A Wealth of Common Sense discussed some bond investment strategies.

Have a great weekend!

My name is Mark Seed and I'm the founder, editor and owner of My Own Advisor. As my own DIY financial advisor, I've surpassed my goal and I'm now investing beyond the 7-figure portfolio to start semi-retirement with. Find out how, what I did, and what you can learn to tailor your own financial independence path. Subscribe and join the newsletter! Follow me on Twitter @myownadvisor.

7 Responses to "Weekend Reading – Canada Day Long Weekend Edition"

  1. Now that was my kind of Guest Post, if I could find more folks who were simply looking for somewhere to rant like that, I might let more folks Guest Post. Thanks for the inclusion and have a great Canada Day

    Reply
  2. Mark,

    Thanks for including me! Much obliged.

    Not sure if I’m a budding millionaire or not, but I’ll take it! 🙂

    Enjoy your Canada Day! You guys have a great country up there, and plenty to be proud of!!

    Best wishes.

    Reply
    1. No sweat Michael. I probably don’t have enough diversification myself…currently holding 30 CDN stocks and 10 U.S. stocks. I just calculated my CDN portfolio non-registered returns YTD and through May 2013, I’m at +1% but should expect to be closer to -2% based on market performance this month.

      Have a good weekend and look for an email from me in a few days.

      Reply

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