Short Takes: 4-Letter Financial Words and more

Money Smarts isn’t as optimistic that these new disclosure rules would help investors much. I’m more optimistic, but I would be happy with this change even if it only makes a small difference.

Scott Ronalds at the Steadyhand Blog bemoans the fact that (mutual) “fund” has become a dirty word and predicts that the same fate awaits other 4-letter words like bond, debt, and gold.

The Blunt Bean Counter explains how CRA applies penalties for failing to report income: two strikes and you’re out.

Retire Happy Blog answers the question of how much debt is too much by explaining debt servicing ratios as well as signs of debt problems.

Big Cajun Man has an amusing list of the top 5 reasons why you are in debt. You’ll notice a pattern.

Comments

  1. Big Cajun ManJune 24, 2011 at 5:47 AM

    Thanks for the inclusion, enjoy your water flow this weekend

    ReplyDelete
  2. The Blunt Bean CounterJune 24, 2011 at 7:58 AM

    Thanks for the cite: Just a ridiculous provision that provides for a potentially massive penalty if you miss reporting one cent of a slip and than have another occurence.

    ReplyDelete
  3. Mike HolmanJune 24, 2011 at 8:44 AM

    I do think the disclosure proposals are a great development, but we won't know the impact for a while. It could take up to three years to implement and we also don't know what the final rule will be.

    It could get watered down a lot.

    ReplyDelete
  4. Michael JamesJune 24, 2011 at 9:02 AM

    @Mike: The proposed rules seem so good that big efforts to water them down are inevitable.

    ReplyDelete
  5. PreetJune 24, 2011 at 11:04 AM

    Thanks for the mention. New disclosures won't do much IMO.

    ReplyDelete
  6. Canadian Couch PotatoJune 24, 2011 at 12:07 PM

    Thanks for the mention, and have a great weekend.

    ReplyDelete
  7. Scott RonaldsJune 24, 2011 at 2:19 PM

    Thanks for the mention. Seems to have struck a nerve with some investors.

    ReplyDelete
  8. GetSmarterAboutMoney.caAugust 24, 2011 at 12:10 PM

    Hi Canajun,

    Great Article! Recently, the Canadian Securities Administrators put out a proposal calling for the performance of investments and fees related to investments to be posted on financial statements. We were wondering if you thought this would be a good idea. Take a look - http://blog.getsmarteraboutmoney.ca/index.php/csa-proposal-investor-fees-performance

    ReplyDelete

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